Analysts Set Canadian Natural Resources Limited (TSE:CNQ) PT at C$66.88

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) has been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$66.88.

CNQ has been the subject of several recent research reports. Canadian Imperial Bank of Commerce boosted their target price on shares of Canadian Natural Resources from C$70.00 to C$75.00 in a research report on Thursday, August 27th. TD lifted their price target on shares of Canadian Natural Resources from C$72.00 to C$73.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Gerdes Energy Research upgraded shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating and lifted their price target for the stock from C$67.00 to C$69.00 in a research note on Monday, June 29th. Royal Bank Of Canada cut their price objective on shares of Canadian Natural Resources from C$80.00 to C$79.00 in a research report on Wednesday, July 15th. Finally, Desjardins set a C$70.00 price objective on Canadian Natural Resources and gave the stock a “hold” rating in a research note on Friday, July 17th.

Canadian Natural Resources Trading Down 1.1%

Canadian Natural Resources stock opened at C$69.78 on Thursday. The business has a 50-day simple moving average of C$64.40 and a two-hundred day simple moving average of C$63.54. The company has a market cap of C$143.85 billion, a P/E ratio of 12.42, a P/E/G ratio of 0.53 and a beta of 0.32. Canadian Natural Resources has a 52-week low of C$41.67 and a 52-week high of C$72.29. The company has a quick ratio of 0.54, a current ratio of 1.00 and a debt-to-equity ratio of 36.64.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings results on Thursday, August 6th. The company reported C$2.19 EPS for the quarter. The firm had revenue of C$14.74 billion during the quarter. Canadian Natural Resources had a net margin of 24.93% and a return on equity of 26.67%. Analysts predict 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.