Raymond James Financial Boosts Canadian Natural Resources (TSE:CNQ) Price Target to C$55.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective boosted by analysts at Raymond James Financial from C$53.00 to C$55.00 in a report released on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James Financial’s price objective points to a potential downside of 12.64% from the stock’s previous close.

Several other research analysts have also recently commented on CNQ. Desjardins set a C$52.00 price target on shares of Canadian Natural Resources and gave the stock a “hold” rating in a report on Wednesday, December 17th. BMO Capital Markets raised their target price on Canadian Natural Resources from C$50.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Friday. TD Securities upped their price target on Canadian Natural Resources from C$53.00 to C$54.00 in a report on Monday, November 10th. ATB Cormark Capital Markets increased their price target on shares of Canadian Natural Resources from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Gerdes Energy Research lowered shares of Canadian Natural Resources from a “buy” rating to a “neutral” rating in a research note on Thursday, February 12th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$58.42.

Canadian Natural Resources Stock Up 1.6%

Shares of TSE CNQ opened at C$62.96 on Friday. The stock has a market cap of C$131.15 billion, a P/E ratio of 19.86, a PEG ratio of 0.53 and a beta of 0.81. The business’s fifty day simple moving average is C$51.86 and its 200-day simple moving average is C$47.20. Canadian Natural Resources has a 12-month low of C$34.92 and a 12-month high of C$64.00. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 44.46.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its earnings results on Thursday, March 5th. The company reported C$0.82 EPS for the quarter. Canadian Natural Resources had a return on equity of 25.98% and a net margin of 26.06%. As a group, equities analysts predict that Canadian Natural Resources will post 3.833989 EPS for the current fiscal year.

Insider Activity at Canadian Natural Resources

In other news, insider Erin Louise Lunn sold 2,252 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of C$49.68, for a total transaction of C$111,879.36. Following the transaction, the insider directly owned 51,142 shares in the company, valued at approximately C$2,540,734.56. This trade represents a 4.22% decrease in their ownership of the stock. Also, insider Ronald Keith Laing sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of C$49.83, for a total transaction of C$996,600.00. Following the transaction, the insider owned 2,049 shares in the company, valued at approximately C$102,101.67. This trade represents a 90.71% decrease in their ownership of the stock. Insiders have sold a total of 51,775 shares of company stock valued at $2,571,074 over the last 90 days. 4.26% of the stock is owned by insiders.

Key Canadian Natural Resources News

Here are the key news stories impacting Canadian Natural Resources this week:

• Positive Sentiment: Q4 earnings beat and higher production; CNQ reported C$0.82 EPS and better-than-expected volumes, supporting near-term cash generation and margins. Article Title
• Positive Sentiment: Dividend increased — board approved a higher quarterly dividend, extending a 26-year dividend growth streak, which underpins the stock’s income appeal for yield-focused investors. Article Title
• Positive Sentiment: BMO raised its price target sharply to C$70 (now an outperform), signaling meaningful upside vs. the current price and a constructive view on CNQ’s outlook. BayStreet.CA
• Positive Sentiment: RBC raised its target to C$65 (outperform), and TD Securities lifted its target to C$64 with a buy rating — both imply modest upside and reinforce the buy-side momentum. BayStreet.CA Tickerreport.com
• Positive Sentiment: ATB Cormark also raised its target to C$65 (outperform), and TD Cowen reiterated/maintained a buy view with a C$64 target, backing expectations for continued cash returns and debt reduction. BayStreet.CA TipRanks
• Neutral Sentiment: Scotiabank bumped its target to C$62 with an outperform rating, but the target sits slightly below the current price, creating mixed signal on near-term upside. BayStreet.CA
• Neutral Sentiment: Market commentary highlights energy-sector strength amid higher oil prices — supportive macro backdrop for CNQ but sector moves can be volatile. BNN Bloomberg
• Neutral Sentiment: Company to defer the Jackpine mine expansion — reduces near-term capex but may temper longer-term growth expectations; investors will weigh cash returns vs. growth trade-offs. Seeking Alpha
• Negative Sentiment: National Bank Financial raised its target to C$59 but kept a sector perform rating; that target implies a ~6% downside to the current price, signaling a more cautious view. BayStreet.CA
• Negative Sentiment: Raymond James lifted its target to C$55 (outperform) but the level still implies a material downside vs. the current price, reflecting divergent analyst views. BayStreet.CA

About Canadian Natural Resources

Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa. The company’s portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas. Production averaged 1.16 million barrels of oil equivalent per day in 2020, and the company estimates that it holds over 11.5 billion boe of proven and probable crude oil and natural gas reserves.