Canadian Natural Resources (TSE:CNQ) Cut to Hold at Tudor Pickering

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

A number of other analysts also recently commented on CNQ. 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. Gerdes Energy Research upgraded shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research report on Monday, December 16th. BMO Capital Markets dropped their target price on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Jefferies Financial Group reduced their price target on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a report on Thursday, January 30th. Finally, Raymond James raised their price objective on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$71.44.

Canadian Natural Resources Price Performance

Shares of TSE:CNQ opened at C$42.90 on Monday. 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 company has a 50-day moving average price of C$44.72 and a 200 day moving average price of C$46.56. Canadian Natural Resources has a 52 week low of C$40.02 and a 52 week high of C$56.49. The company has a market cap of C$91.38 billion, a P/E ratio of 12.22, a PEG ratio of 0.53 and a beta of 1.89.

Insider Buying and Selling at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Robin Sean Zabek sold 19,000 shares of Canadian Natural Resources stock in a transaction that occurred on Monday, December 23rd. The shares were sold at an average price of C$43.07, for a total transaction of C$818,254.00. Also, Senior Officer Warren Paul Raczynski sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of C$43.70, for a total transaction of C$327,750.00. Insiders sold 155,332 shares of company stock worth $7,012,151 in the last 90 days. 4.26% of the stock is owned by company 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).