Canadian Natural Resources (TSE:CNQ) Stock Rating Lowered by Tudor Pickering

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) was downgraded by analysts at Tudor Pickering from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other brokerages have also weighed in on CNQ. Wells Fargo & Company upped their target price on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a research report on Monday, December 9th. Jefferies Financial Group lowered their price target on Canadian Natural Resources from C$54.00 to C$50.00 in a report on Thursday, January 30th. BMO Capital Markets dropped their price objective on Canadian Natural Resources from C$60.00 to C$58.00 in a research note on Friday, December 13th. TD Securities set a C$58.00 target price on Canadian Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Finally, Gerdes Energy Research upgraded Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research report on Monday, December 16th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$71.44.

Canadian Natural Resources Stock Performance

TSE:CNQ opened at C$42.90 on Monday. The firm’s fifty day simple moving average is C$44.72 and its 200-day simple moving average is C$46.56. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64. The stock has a market cap of C$91.38 billion, a PE ratio of 12.22, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a fifty-two week low of C$40.02 and a fifty-two week high of C$56.49.

Insider Buying and Selling

In other Canadian Natural Resources news, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of Canadian Natural Resources stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$48.70, for a total value of C$97,405.40. Also, Director Stephen W. Laut sold 3,180 shares of the stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of C$43.95, for a total transaction of C$139,761.00. Over the last 90 days, insiders have sold 155,332 shares of company stock worth $7,012,151. 4.26% of the stock is owned by insiders.

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).