Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$70.00 at BMO Capital Markets

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target lifted by BMO Capital Markets from C$50.00 to C$70.00 in a report published on Friday,BayStreet.CA reports. BMO Capital Markets currently has an outperform rating on the stock.

Several other equities analysts have also recently issued reports on CNQ. Morgan Stanley lowered their target price on shares of Canadian Natural Resources from C$51.00 to C$50.00 in a research note on Friday, January 23rd. 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. Royal Bank Of Canada lowered 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. Evercore cut shares of Canadian Natural Resources from an “outperform” rating to a “hold” rating and set a C$50.00 target price on the stock. in a report on Tuesday, January 6th. Finally, Gerdes Energy Research downgraded shares of Canadian Natural Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, February 12th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$58.42.

Canadian Natural Resources Stock Up 1.6%

Shares of Canadian Natural Resources stock traded up C$1.00 on Friday, reaching C$62.96. The company’s stock had a trading volume of 25,815,845 shares, compared to its average volume of 12,729,019. Canadian Natural Resources has a 52 week low of C$34.92 and a 52 week high of C$64.00. The firm’s fifty day simple moving average is C$51.86 and its two-hundred day simple moving average is C$47.15. The company has a quick ratio of 0.54, a current ratio of 0.86 and a debt-to-equity ratio of 42.68. The company has a market capitalization of C$131.15 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 0.53 and a beta of 0.81.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced 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%. Equities analysts anticipate that Canadian Natural Resources will post 3.833989 earnings per share for the current year.

Insider Activity

In other news, insider Brenda Gayle Balog sold 2,252 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of C$49.98, for a total value of C$112,554.96. Following the transaction, the insider owned 47,965 shares in the company, valued at C$2,397,290.70. This represents a 4.48% decrease in their position. Also, insider Erin Louise Lunn sold 2,252 shares of the firm’s stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of C$49.68, for a total transaction of C$111,879.36. Following the completion of the transaction, the insider directly owned 51,142 shares in the company, valued at approximately C$2,540,734.56. The trade was a 4.22% decrease in their position. Over the last ninety days, insiders have sold 51,775 shares of company stock worth $2,571,074. Company insiders own 4.26% of the company’s stock.

Key Stories 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.