Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$64.00 at TD Securities

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price upped by TD Securities from C$51.00 to C$64.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. Morgan Stanley cut their target price on Canadian Natural Resources from C$51.00 to C$50.00 in a research report on Friday, January 23rd. National Bank Financial increased their price target on shares of Canadian Natural Resources from C$47.00 to C$54.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 3rd. Raymond James Financial boosted their price objective on shares of Canadian Natural Resources from C$53.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Friday. BMO Capital Markets increased their target price on shares of Canadian Natural Resources from C$50.00 to C$70.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Desjardins set a C$52.00 price target on shares of Canadian Natural Resources and gave the stock a “hold” rating in a research note on Wednesday, December 17th. Six equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$58.42.

Canadian Natural Resources Trading Up 1.6%

TSE CNQ traded up C$1.00 during trading on Friday, hitting C$62.96. The stock had a trading volume of 25,815,845 shares, compared to its average volume of 12,729,019. The company has a quick ratio of 0.54, a current ratio of 0.86 and a debt-to-equity ratio of 42.68. The company has a market capitalization of C$131.15 billion, a PE ratio of 19.86, a PEG ratio of 0.53 and a beta of 0.81. The firm has a 50 day moving average price of C$51.86 and a 200 day moving average price of C$47.15. Canadian Natural Resources has a twelve month low of C$34.92 and a twelve month high of C$64.00.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings results on Thursday, March 5th. The company reported C$0.82 earnings per share for the quarter. Canadian Natural Resources had a return on equity of 16.47% and a net margin of 15.49%. As a group, equities research analysts forecast that Canadian Natural Resources will post 3.833989 earnings per share for the current year.

Insider Transactions at Canadian Natural Resources

In related news, insider Stephanie Ann Graham sold 1,930 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of C$49.19, for a total transaction of C$94,936.70. Following the transaction, the insider owned 16,367 shares of the company’s stock, valued at C$805,092.73. This represents a 10.55% decrease in their ownership of the stock. Also, insider Erin Louise Lunn sold 2,252 shares of the stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of C$49.68, for a total value of C$111,879.36. Following the completion of the transaction, the insider owned 51,142 shares of the company’s stock, valued at C$2,540,734.56. The trade was a 4.22% decrease in their position. Over the last 90 days, insiders sold 51,775 shares of company stock valued at $2,571,074. 4.26% of the stock is owned by company insiders.

Canadian Natural Resources News Summary

Here are the key news stories impacting Canadian Natural Resources this week:

• Positive Sentiment: Q4 earnings beat and higher production; CNQ reported C$0.82 EPS and better-than-expected volumes, supporting near-term cash generation and margins. Article Title
• Positive Sentiment: Dividend increased — board approved a higher quarterly dividend, extending a 26-year dividend growth streak, which underpins the stock’s income appeal for yield-focused investors. Article Title
• Positive Sentiment: BMO raised its price target sharply to C$70 (now an outperform), signaling meaningful upside vs. the current price and a constructive view on CNQ’s outlook. BayStreet.CA
• Positive Sentiment: RBC raised its target to C$65 (outperform), and TD Securities lifted its target to C$64 with a buy rating — both imply modest upside and reinforce the buy-side momentum. BayStreet.CA Tickerreport.com
• Positive Sentiment: ATB Cormark also raised its target to C$65 (outperform), and TD Cowen reiterated/maintained a buy view with a C$64 target, backing expectations for continued cash returns and debt reduction. BayStreet.CA TipRanks
• Neutral Sentiment: Scotiabank bumped its target to C$62 with an outperform rating, but the target sits slightly below the current price, creating mixed signal on near-term upside. BayStreet.CA
• Neutral Sentiment: Market commentary highlights energy-sector strength amid higher oil prices — supportive macro backdrop for CNQ but sector moves can be volatile. BNN Bloomberg
• Neutral Sentiment: Company to defer the Jackpine mine expansion — reduces near-term capex but may temper longer-term growth expectations; investors will weigh cash returns vs. growth trade-offs. Seeking Alpha
• Negative Sentiment: National Bank Financial raised its target to C$59 but kept a sector perform rating; that target implies a ~6% downside to the current price, signaling a more cautious view. BayStreet.CA
• Negative Sentiment: Raymond James lifted its target to C$55 (outperform) but the level still implies a material downside vs. the current price, reflecting divergent analyst views. BayStreet.CA

Canadian Natural Resources Company Profile

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.