Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$54.00 at National Bankshares

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective lifted by National Bankshares from C$47.00 to C$54.00 in a research report report published on Tuesday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Wells Fargo & Company set a C$47.00 price objective on shares of Canadian Natural Resources and gave the stock an “equal weight” rating in a research report on Friday, October 17th. Raymond James Financial raised their price target on shares of Canadian Natural Resources from C$55.00 to C$56.00 in a report on Monday, November 10th. Evercore ISI cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Scotiabank raised their target price on Canadian Natural Resources from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research note on Thursday, October 9th. Finally, Evercore Partners downgraded Canadian Natural Resources from an “outperform” rating to an “in-line” rating and set a C$50.00 target price on the stock. in a research report on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Canadian Natural Resources has a consensus rating of “Hold” and a consensus price target of C$54.40.

Canadian Natural Resources Stock Up 2.4%

Shares of TSE CNQ opened at C$51.11 on Tuesday. Canadian Natural Resources has a 12-month low of C$34.92 and a 12-month high of C$51.72. The stock has a market cap of C$106.47 billion, a PE ratio of 16.12, a P/E/G ratio of 0.53 and a beta of 0.70. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79. The company has a 50-day moving average of C$46.70 and a 200 day moving average of C$44.85.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.86 EPS for the quarter. The firm had revenue of C$9.52 billion for the quarter. Canadian Natural Resources had a return on equity of 19.14% and a net margin of 21.25%. As a group, sell-side analysts predict that Canadian Natural Resources will post 3.833989 EPS for the current fiscal year.

Insider Buying and Selling at Canadian Natural Resources

In related news, insider Trevor Wagil sold 2,469 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of C$45.19, for a total transaction of C$111,574.11. Following the sale, the insider directly owned 14,779 shares of the company’s stock, valued at C$667,863.01. This represents a 14.31% decrease in their position. Company insiders own 4.26% of the company’s stock.

Canadian Natural Resources Company Profile

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.