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

Shares of Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) have received a consensus recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$53.70.

A number of research firms have weighed in on CNQ. Royal Bank Of Canada reduced their price objective on shares of Canadian Natural Resources from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. National Bankshares cut their price target on shares of Canadian Natural Resources from C$48.00 to C$47.00 and set a “sector perform” rating on the stock in a report on Friday, January 9th. TD Securities boosted their price objective on shares of Canadian Natural Resources from C$53.00 to C$54.00 in a report on Monday, November 10th. Wells Fargo & Company set a C$47.00 price objective on Canadian Natural Resources and gave the company an “equal weight” rating in a research report on Friday, October 17th. Finally, Raymond James Financial increased their target price on Canadian Natural Resources from C$55.00 to C$56.00 in a research note on Monday, November 10th.

Canadian Natural Resources Trading Down 0.9%

TSE CNQ opened at C$47.62 on Wednesday. Canadian Natural Resources has a 12 month low of C$34.92 and a 12 month high of C$49.20. The stock has a market cap of C$99.20 billion, a P/E ratio of 15.02, a P/E/G ratio of 0.53 and a beta of 0.71. The stock’s fifty day moving average price is C$46.07 and its 200-day moving average price is C$44.38. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79.

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

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.