Canadian Natural Resources Limited (TSE:CNQ) Receives C$53.70 Average PT from Analysts

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have earned an average rating of “Hold” from the nine brokerages that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$53.36.

Several brokerages have recently weighed in on CNQ. TD Securities increased their price target on Canadian Natural Resources from C$53.00 to C$54.00 in a research note on Monday, November 10th. Evercore ISI downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. National Bankshares lowered their price target on shares of Canadian Natural Resources from C$48.00 to C$47.00 and set a “sector perform” rating for the company in a report on Friday, January 9th. Evercore Partners downgraded shares of Canadian Natural Resources from an “outperform” rating to an “in-line” rating and set a C$50.00 target price for the company. in a research note on Tuesday, January 6th. Finally, Morgan Stanley cut their price target on shares of Canadian Natural Resources from C$51.00 to C$50.00 in a research report on Friday.

Canadian Natural Resources Price Performance

CNQ stock opened at C$49.47 on Wednesday. The company has a market capitalization of C$103.05 billion, a P/E ratio of 15.61, a PEG ratio of 0.53 and a beta of 0.71. The company has a fifty day moving average price of C$46.27 and a 200-day moving average price of C$44.49. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84. Canadian Natural Resources has a 52-week low of C$34.92 and a 52-week high of C$49.95.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.86 earnings per share for the quarter. The company had revenue of C$9.52 billion for the quarter. Canadian Natural Resources had a net margin of 21.25% and a return on equity of 19.14%. As a group, equities analysts expect that Canadian Natural Resources will post 3.833989 EPS for the current year.

About Canadian Natural Resources

Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa. The company’s portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas. Production averaged 1.16 million barrels of oil equivalent per day in 2020, and the company estimates that it holds over 11.5 billion boe of proven and probable crude oil and natural gas reserves.