Analysts Set Canadian Natural Resources Limited (TSE:CNQ) Target Price at C$71.44

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have received an average recommendation of “Moderate Buy” from the fourteen analysts that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$71.44.

A number of analysts recently commented on CNQ shares. Wells Fargo & Company boosted their price objective on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a report on Monday, December 9th. Raymond James boosted their price target on Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Gerdes Energy Research raised Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research note on Monday, December 16th. Jefferies Financial Group decreased their target price on Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. Finally, BMO Capital Markets dropped their price target on Canadian Natural Resources from C$60.00 to C$58.00 in a research report on Friday, December 13th.

Insiders Place Their Bets

In other news, Senior Officer Warren Paul Raczynski sold 7,500 shares of Canadian Natural Resources stock in a transaction on Monday, February 3rd. The stock was sold at an average price of C$43.70, for a total value of C$327,750.00. Also, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$48.70, for a total value of C$97,405.40. Insiders have sold 152,152 shares of company stock valued at $6,872,390 in the last ninety days. Insiders own 4.26% of the company’s stock.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at C$43.42 on Wednesday. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. Canadian Natural Resources has a one year low of C$40.02 and a one year high of C$56.49. The company has a market cap of C$92.48 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The business has a fifty day moving average of C$44.94 and a two-hundred day moving average of C$46.65.

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).