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

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

A number of other research firms have also weighed in on CNQ. BMO Capital Markets raised their price objective on Canadian Natural Resources from C$50.00 to C$70.00 and gave the company an “outperform” rating in a research report on Friday. Royal Bank Of Canada boosted their target price on Canadian Natural Resources from C$61.00 to C$65.00 and gave the stock an “outperform” rating in a report on Friday. Morgan Stanley cut their target price on Canadian Natural Resources from C$51.00 to C$50.00 in a research note on Friday, January 23rd. Raymond James Financial lifted their price target on Canadian Natural Resources from C$53.00 to C$55.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Gerdes Energy Research cut shares of Canadian Natural Resources from a “buy” rating to a “neutral” rating in a research note on Thursday, February 12th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$58.42.

Canadian Natural Resources Trading Up 1.6%

Shares of TSE CNQ opened at C$62.96 on Friday. Canadian Natural Resources has a 1 year low of C$34.92 and a 1 year high of C$64.00. 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 firm has a 50-day moving average of C$51.86 and a 200 day moving average of C$47.24. The stock has a market cap of C$131.15 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 0.53 and a beta of 0.81.

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

Insiders Place Their Bets

In other Canadian Natural Resources news, insider Trevor Wagil sold 14,500 shares of Canadian Natural Resources stock in a transaction on Monday, February 2nd. The stock was sold at an average price of C$49.96, for a total value of C$724,420.00. Following the completion of the sale, the insider owned 14,779 shares of the company’s stock, valued at approximately C$738,358.84. This trade represents a 49.52% decrease in their position. Also, insider Ronald Keith Laing sold 20,000 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of C$49.83, for a total value of C$996,600.00. Following the completion of the transaction, the insider owned 2,049 shares of the company’s stock, valued at C$102,101.67. This represents a 90.71% decrease in their position. In the last quarter, insiders have sold 51,775 shares of company stock worth $2,571,074. 4.26% of the stock is owned by corporate insiders.

Key Headlines Impacting Canadian Natural Resources

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

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.