Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$65.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target raised by ATB Cormark Capital Markets from C$56.00 to C$65.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

Other analysts have also issued reports about the company. Raymond James Financial increased their price objective on Canadian Natural Resources from C$55.00 to C$56.00 in a report on Monday, November 10th. Gerdes Energy Research downgraded Canadian Natural Resources from a “buy” rating to a “neutral” rating in a research note on Thursday, February 12th. Royal Bank Of Canada reduced their price target on Canadian Natural Resources from C$62.00 to C$61.00 and set an “outperform” rating for the company in a report on Tuesday, January 13th. National Bank Financial boosted their price target on Canadian Natural Resources from C$47.00 to C$54.00 and gave the company a “sector perform” rating in a research note on Tuesday, February 3rd. Finally, Evercore downgraded Canadian Natural Resources from an “outperform” rating to a “hold” rating and set a C$50.00 price objective on the stock. in a report on Tuesday, January 6th. Six investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Canadian Natural Resources has a consensus rating of “Moderate Buy” and a consensus target price of C$58.42.

Canadian Natural Resources Stock Performance

Shares of CNQ opened at C$62.96 on Friday. The company’s 50 day moving average price is C$51.86 and its 200 day moving average price is C$47.24. Canadian Natural Resources has a 52 week low of C$34.92 and a 52 week high of C$64.00. The company has a market capitalization of C$131.15 billion, a PE ratio of 19.86, a PEG ratio of 0.53 and a beta of 0.81. The company has a debt-to-equity ratio of 44.46, a quick ratio of 0.54 and a current ratio of 0.95.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released 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%. Research analysts expect that Canadian Natural Resources will post 3.833989 EPS for the current fiscal year.

Insider Buying and Selling

In related news, 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 value of C$724,420.00. Following the transaction, the insider directly 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 Brenda Gayle Balog sold 2,252 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of C$49.98, for a total value of C$112,554.96. Following the completion of the sale, the insider owned 47,965 shares of the company’s stock, valued at approximately C$2,397,290.70. This trade represents a 4.48% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 51,775 shares of company stock valued at $2,571,074. 4.26% of the stock is owned by corporate insiders.

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

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.