Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$55.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target lifted by Raymond James Financial from C$53.00 to C$55.00 in a report released on Friday morning,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

Several other research analysts also recently commented on the company. TD Securities lifted their target price on Canadian Natural Resources from C$53.00 to C$54.00 in a research note on Monday, November 10th. Evercore downgraded Canadian Natural Resources from an “outperform” rating to a “hold” rating and set a C$50.00 price target for the company. in a report on Tuesday, January 6th. Morgan Stanley reduced their price objective on shares of Canadian Natural Resources from C$51.00 to C$50.00 in a research report on Friday, January 23rd. Royal Bank Of Canada dropped their price objective on shares of Canadian Natural Resources from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 13th. Finally, BMO Capital Markets raised their target price on shares of Canadian Natural Resources from C$50.00 to C$70.00 and gave the stock an “outperform” rating in a research note on Friday. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Canadian Natural Resources currently has an average rating of “Moderate Buy” and an average price target of C$58.42.

Canadian Natural Resources Stock Up 1.6%

Canadian Natural Resources stock opened at C$62.96 on Friday. The company has a debt-to-equity ratio of 44.46, a current ratio of 0.95 and a quick ratio of 0.54. The company’s 50-day moving average is C$51.86 and its 200-day moving average is C$47.24. The firm has a market capitalization of C$131.15 billion, a PE ratio of 19.86, a P/E/G ratio of 0.53 and a beta of 0.81. Canadian Natural Resources has a fifty-two week low of C$34.92 and a fifty-two week high of C$64.00.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its earnings results on Thursday, March 5th. The company reported C$0.82 earnings per share (EPS) for the quarter. Canadian Natural Resources had a net margin of 26.06% and a return on equity of 25.98%. Sell-side analysts anticipate that Canadian Natural Resources will post 3.833989 earnings per share for the current year.

Insiders Place Their Bets

In other Canadian Natural Resources news, insider Erin Louise Lunn sold 2,252 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of C$49.68, for a total transaction of C$111,879.36. Following the transaction, the insider owned 51,142 shares in the company, valued at C$2,540,734.56. This represents a 4.22% decrease in their position. Also, insider Trevor Wagil sold 14,500 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of C$49.96, for a total transaction of C$724,420.00. Following the transaction, the insider directly owned 14,779 shares in the company, valued at C$738,358.84. This represents a 49.52% decrease in their ownership of the stock. Insiders sold a total of 51,775 shares of company stock valued at $2,571,074 in the last three months. Insiders own 4.26% of the company’s stock.

Key Canadian Natural Resources News

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.