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

Tudor Pickering downgraded shares of Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) from a strong-buy rating to a hold rating in a research note issued to investors on Monday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. Wells Fargo & Company upped their target price on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a research note on Monday, December 9th. BMO Capital Markets dropped their price target on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a research note on Friday, December 13th. Gerdes Energy Research upgraded 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 target price on Canadian Natural Resources and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Jefferies Financial Group cut their price target on Canadian Natural Resources from C$54.00 to C$50.00 in a report on Thursday, January 30th. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently 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 company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. The company has a market cap of C$91.38 billion, a P/E ratio of 12.22, a P/E/G ratio of 0.53 and a beta of 1.89. The stock has a 50-day moving average of C$44.72 and a two-hundred day moving average of C$46.56. Canadian Natural Resources has a 1-year low of C$40.02 and a 1-year high of C$56.49.

Insider Activity at Canadian Natural Resources

In other Canadian Natural Resources news, Director Stephen W. Laut sold 3,180 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of C$43.95, for a total value of C$139,761.00. Also, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$48.70, for a total transaction of C$97,405.40. Insiders have sold 155,332 shares of company stock valued at $7,012,151 in the last ninety days. 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).