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

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have been given an average recommendation of “Buy” by the twenty-two analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is C$36.61.

A number of analysts have issued reports on the company. CSFB lifted their price objective on Canadian Natural Resources from C$38.00 to C$42.00 in a research note on Wednesday, January 20th. TD Securities lifted their price objective on Canadian Natural Resources from C$26.00 to C$34.00 and gave the stock a “buy” rating in a research note on Thursday, December 10th. BMO Capital Markets boosted their target price on Canadian Natural Resources from C$30.00 to C$36.00 and gave the company an “outperform” rating in a research report on Thursday, December 10th. UBS Group boosted their target price on Canadian Natural Resources from C$30.00 to C$43.00 in a research report on Thursday, January 7th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a C$34.00 target price on shares of Canadian Natural Resources in a research report on Thursday, December 10th.

In related news, Director Stephen W. Laut sold 5,000 shares of the company’s stock in a transaction on Friday, January 15th. The stock was sold at an average price of C$31.98, for a total transaction of C$159,895.00. Following the completion of the sale, the director now directly owns 2,350,112 shares in the company, valued at approximately C$75,154,231.65. Also, Senior Officer Kendall W. Stagg acquired 12,500 shares of the firm’s stock in a transaction that occurred on Friday, December 4th. The shares were bought at an average price of C$28.85 per share, with a total value of C$360,625.00. Following the completion of the purchase, the insider now directly owns 76,115 shares in the company, valued at C$2,195,917.75. In the last 90 days, insiders have purchased 26,350 shares of company stock valued at $764,991 and have sold 194,500 shares valued at $6,142,971.

TSE:CNQ traded up C$0.23 during trading hours on Tuesday, reaching C$36.38. The stock had a trading volume of 3,722,783 shares, compared to its average volume of 4,368,086. The company has a debt-to-equity ratio of 73.09, a quick ratio of 0.57 and a current ratio of 0.97. Canadian Natural Resources has a 52 week low of C$9.80 and a 52 week high of C$38.58. The company has a 50 day moving average price of C$32.44 and a two-hundred day moving average price of C$27.70. The stock has a market capitalization of C$42.97 billion and a PE ratio of -72.88.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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