Canadian Natural Resources (TSE:CNQ) Price Target Cut to C$62.00 by Analysts at Royal Bank of Canada

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price lowered by Royal Bank of Canada from C$63.00 to C$62.00 in a research report released on Tuesday,BayStreet.CA reports.

CNQ has been the topic of a number of other research reports. National Bankshares increased their target price on Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 8th. Gerdes Energy Research upgraded shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research note on Monday, December 16th. TD Securities set a C$58.00 price target on Canadian Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. BMO Capital Markets lowered their price objective on Canadian Natural Resources from C$60.00 to C$58.00 in a research note on Friday, December 13th. Finally, Jefferies Financial Group raised their target price on Canadian Natural Resources from C$49.00 to C$57.00 in a research note on Friday, October 11th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Canadian Natural Resources has an average rating of “Moderate Buy” and a consensus price target of C$71.88.

Canadian Natural Resources Stock Performance

Shares of Canadian Natural Resources stock opened at C$45.26 on Tuesday. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. Canadian Natural Resources has a 1 year low of C$40.02 and a 1 year high of C$56.49. The firm’s 50-day simple moving average is C$45.94 and its 200-day simple moving average is C$47.22. The firm has a market cap of C$96.40 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89.

Insider Activity

In other news, Senior Officer Scott Gerald Stauth bought 27,000 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were acquired at an average cost of C$46.52 per share, with a total value of C$1,256,121.00. Also, Director Stephen W. Laut purchased 942 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were purchased at an average price of C$46.46 per share, for a total transaction of C$43,765.32. In the last 90 days, insiders sold 56,152 shares of company stock worth $2,564,465. Insiders own 4.26% of the company’s stock.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).