Canadian Natural Resources Limited (TSE:CNQ) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have earned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, Marketbeat reports. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$71.88.

Several equities research analysts recently weighed in on CNQ shares. Jefferies Financial Group upped their price objective on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a report on Friday, October 11th. CIBC increased their price objective on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a report on Wednesday, October 9th. ATB Capital boosted their target price on Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Gerdes Energy Research raised Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research note on Monday, December 16th. Finally, Royal Bank of Canada lowered their price target on Canadian Natural Resources from C$63.00 to C$62.00 in a research report on Tuesday.

Insider Activity at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Scott Gerald Stauth bought 27,000 shares of Canadian Natural Resources stock in a transaction dated Monday, January 13th. The stock was bought at an average price of C$46.52 per share, for a total transaction of C$1,256,121.00. Also, Senior Officer Mark Allen Stainthorpe sold 81,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of C$44.98, for a total value of C$3,643,380.00. Insiders sold 137,152 shares of company stock worth $6,207,845 in the last quarter. 4.26% of the stock is owned by company insiders.

Canadian Natural Resources Trading Up 1.5 %

Shares of CNQ stock opened at C$45.01 on Friday. Canadian Natural Resources has a 1 year low of C$40.02 and a 1 year high of C$56.49. The firm has a market capitalization of C$95.87 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The stock has a fifty day moving average of C$45.80 and a two-hundred day moving average of C$47.16. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88.

About Canadian Natural Resources

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).