Canadian Natural Resources Limited (TSE:CNQ) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is C$71.44.

A number of brokerages have recently commented on CNQ. Gerdes Energy Research raised Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research report on Monday, December 16th. BMO Capital Markets dropped their price objective on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a research report on Friday, December 13th. Jefferies Financial Group decreased their price objective on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. TD Securities set a C$58.00 target price on Canadian Natural Resources and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Wells Fargo & Company lifted their price target on Canadian Natural Resources from C$48.00 to C$50.00 in a report on Monday, December 9th.

Canadian Natural Resources Trading Down 1.2 %

TSE:CNQ opened at C$43.42 on Wednesday. Canadian Natural Resources has a 12-month low of C$40.02 and a 12-month high of C$56.49. The firm has a market cap of C$92.48 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64. The stock has a fifty day moving average price of C$44.94 and a 200 day moving average price of C$46.65.

Insider Activity at Canadian Natural Resources

In other news, Senior Officer Warren Paul Raczynski sold 7,500 shares of the business’s stock in a transaction that occurred 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 Robin Sean Zabek sold 19,000 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of C$43.07, for a total value of C$818,254.00. Insiders sold a total of 152,152 shares of company stock worth $6,872,390 in the last 90 days. 4.26% of the stock is owned by insiders.

Canadian Natural Resources Company Profile

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).