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

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have received a consensus recommendation of “Buy” from the twenty-one research firms that are presently covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$63.90.

Several equities analysts have recently issued reports on CNQ shares. Royal Bank of Canada set a C$160.00 price target on shares of Canadian Natural Resources and gave the company an “outperform” rating in a research note on Friday, November 12th. TD Securities raised their price target on shares of Canadian Natural Resources from C$58.00 to C$61.00 and gave the company a “buy” rating in a research note on Friday, November 5th. Evercore raised their price target on shares of Canadian Natural Resources from C$52.00 to C$57.00 in a research note on Thursday, October 21st. National Bankshares decreased their price objective on shares of Canadian Natural Resources from C$70.00 to C$69.00 and set an “outperform” rating for the company in a research report on Friday, November 5th. Finally, BMO Capital Markets increased their price objective on shares of Canadian Natural Resources from C$59.00 to C$65.00 and gave the stock a “na” rating in a research report on Friday, November 5th.

In other Canadian Natural Resources news, Senior Officer William Robert Peterson sold 20,000 shares of the firm’s stock in a transaction on Friday, October 8th. The shares were sold at an average price of C$49.64, for a total value of C$992,798.00. Following the transaction, the insider now directly owns 107,683 shares of the company’s stock, valued at C$5,345,373.35. Also, Senior Officer Darren Fichter sold 9,500 shares of the firm’s stock in a transaction on Monday, November 8th. The shares were sold at an average price of C$55.03, for a total transaction of C$522,785.00. Following the completion of the transaction, the insider now directly owns 67,379 shares in the company, valued at C$3,707,866.37. Insiders sold 238,506 shares of company stock valued at $11,916,720 over the last 90 days.

TSE:CNQ traded up C$0.43 on Thursday, hitting C$55.43. The company had a trading volume of 1,598,698 shares, compared to its average volume of 6,080,457. The stock has a market capitalization of C$65.23 billion and a price-to-earnings ratio of 11.08. The company has a current ratio of 0.91, a quick ratio of 0.67 and a debt-to-equity ratio of 51.74. The firm has a 50 day moving average of C$50.00 and a two-hundred day moving average of C$45.09. Canadian Natural Resources has a 52 week low of C$28.67 and a 52 week high of C$55.44.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings results on Thursday, November 4th. The company reported C$1.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.51 by C$0.26. The business had revenue of C$7.71 billion for the quarter, compared to the consensus estimate of C$7.91 billion. As a group, equities analysts forecast that Canadian Natural Resources will post 6.6599994 EPS for the current year.

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 synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.

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Analyst Recommendations for Canadian Natural Resources (TSE:CNQ)

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