Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$55.00 at Raymond James Financial

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective increased by Raymond James Financial from C$53.00 to C$55.00 in a research note published on Friday,BayStreet.CA reports. Raymond James Financial currently has an outperform rating on the stock.

Several other analysts also recently weighed in on CNQ. BMO Capital Markets lifted their target price on Canadian Natural Resources from C$50.00 to C$70.00 and gave the stock an “outperform” rating in a research report on Friday. TD Securities upped their price target on shares of Canadian Natural Resources from C$53.00 to C$54.00 in a report on Monday, November 10th. Royal Bank Of Canada reduced their price target 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 note on Tuesday, January 13th. ATB Cormark Capital Markets lifted their price objective on shares of Canadian Natural Resources from C$56.00 to C$65.00 and gave the company an “outperform” rating in a report on Friday. Finally, National Bank Financial boosted their price objective on shares of Canadian Natural Resources from C$47.00 to C$54.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 3rd. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$58.42.

Canadian Natural Resources Trading Up 1.6%

Shares of CNQ traded up C$1.00 during mid-day trading on Friday, reaching C$62.96. 25,815,845 shares of the company’s stock traded hands, compared to its average volume of 12,729,019. The stock has a market cap of C$131.15 billion, a P/E ratio of 19.86, a P/E/G ratio of 0.53 and a beta of 0.81. The stock’s 50-day moving average is C$51.86 and its two-hundred day moving average is C$47.15. Canadian Natural Resources has a 12 month low of C$34.92 and a 12 month high of C$64.00. The company has a debt-to-equity ratio of 42.68, a current ratio of 0.86 and a quick ratio of 0.54.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings results on Thursday, March 5th. The company reported C$0.82 earnings per share (EPS) for the quarter. Canadian Natural Resources had a return on equity of 16.47% and a net margin of 15.49%. Research analysts forecast that Canadian Natural Resources will post 3.833989 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Brenda Gayle Balog sold 2,252 shares of Canadian Natural Resources stock in a transaction dated 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 directly owned 47,965 shares in the company, valued at C$2,397,290.70. The trade was a 4.48% decrease in their ownership of the stock. Also, insider Trevor Wagil sold 14,500 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 ownership of the stock. In the last 90 days, insiders have sold 51,775 shares of company stock valued at $2,571,074. Company insiders own 4.26% of the company’s stock.

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.