Canadian Natural Resources Limited (TSE:CNQ) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Canadian Natural Resources Limited (TSE:CNQ – Get Rating) (NYSE:CNQ) have received a consensus recommendation of “Moderate Buy” from the seventeen research firms that are presently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is C$89.20.

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Several equities analysts have recently issued reports on CNQ shares. Stifel Firstegy restated a “buy” rating on shares of Canadian Natural Resources in a research report on Thursday, January 12th. TD Securities boosted their price objective on Canadian Natural Resources from C$92.00 to C$97.00 and gave the company a “buy” rating in a research report on Thursday, December 1st. Stifel Nicolaus set a C$97.00 price objective on Canadian Natural Resources and gave the company a “buy” rating in a research report on Friday. Raymond James cut their target price on Canadian Natural Resources from C$87.00 to C$85.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. cut their target price on Canadian Natural Resources from C$96.00 to C$92.00 in a research note on Monday, December 5th.

Insider Buying and Selling

In other Canadian Natural Resources news, Director Stephen W. Laut acquired 612 shares of the company’s stock in a transaction that occurred on Wednesday, January 4th. The stock was acquired at an average cost of C$71.53 per share, for a total transaction of C$43,776.36. Following the transaction, the director now directly owns 1,537,710 shares in the company, valued at C$109,992,396.30. In other news, Senior Officer Victor Clinton Darel sold 965 shares of the firm’s stock in a transaction dated Wednesday, December 21st. The stock was sold at an average price of C$74.43, for a total transaction of C$71,824.95. Following the completion of the transaction, the insider now directly owns 13,807 shares in the company, valued at C$1,027,655.01. Also, Director Stephen W. Laut acquired 612 shares of the stock in a transaction dated Wednesday, January 4th. The shares were bought at an average price of C$71.53 per share, with a total value of C$43,776.36. Following the completion of the transaction, the director now directly owns 1,537,710 shares of the company’s stock, valued at C$109,992,396.30. Insiders sold a total of 282,980 shares of company stock worth $22,356,180 in the last ninety days.

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock opened at C$76.80 on Tuesday. The stock has a 50-day simple moving average of C$76.87 and a 200 day simple moving average of C$73.07. The company has a quick ratio of 0.54, a current ratio of 0.78 and a debt-to-equity ratio of 37.96. Canadian Natural Resources has a 12-month low of C$58.75 and a 12-month high of C$88.18. The stock has a market capitalization of C$85.02 billion and a price-to-earnings ratio of 7.49.

Canadian Natural Resources (TSE:CNQ – Get Rating) (NYSE:CNQ) last announced its quarterly earnings data on Thursday, November 3rd. The company reported C$3.09 EPS for the quarter, topping analysts’ consensus estimates of C$2.80 by C$0.29. The firm had revenue of C$10.46 billion during the quarter, compared to analyst estimates of C$10.48 billion. On average, research analysts anticipate that Canadian Natural Resources will post 9.8699996 earnings per share for the current fiscal year.

Canadian Natural Resources Company Profile

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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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