Canadian Natural Resources (TSE:CNQ) Price Target Cut to C$50.00 by Analysts at Jefferies Financial Group

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price dropped by stock analysts at Jefferies Financial Group from C$54.00 to C$50.00 in a research report issued on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price objective suggests a potential upside of 11.31% from the company’s current price.

Several other research firms have also recently commented on CNQ. Gerdes Energy Research raised Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. National Bankshares boosted their target price on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 8th. Wells Fargo & Company raised their price objective on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a research note on Monday, December 9th. Royal Bank of Canada lowered their target price on shares of Canadian Natural Resources from C$63.00 to C$62.00 in a research report on Tuesday, January 14th. Finally, Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “buy” rating and lifted their price target for the company from C$56.00 to C$59.00 in a research report on Tuesday, October 8th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Canadian Natural Resources currently has an average rating of “Moderate Buy” and an average price target of C$71.44.

Canadian Natural Resources Stock Performance

Shares of TSE:CNQ traded up C$0.66 during trading on Thursday, reaching C$44.92. The company had a trading volume of 1,197,818 shares, compared to its average volume of 6,773,939. 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 firm has a market capitalization of C$95.68 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The stock’s fifty day moving average price is C$45.42 and its 200 day moving average price is C$46.91. Canadian Natural Resources has a fifty-two week low of C$40.02 and a fifty-two week high of C$56.49.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings results on Thursday, October 31st. The company reported C$0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.92 by C$0.05. Canadian Natural Resources had a net margin of 20.88% and a return on equity of 19.65%. During the same quarter in the previous year, the company earned $1.29 earnings per share. As a group, equities research analysts predict that Canadian Natural Resources will post 3.833989 EPS for the current year.

Insider Buying and Selling

In other news, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of C$48.70, for a total transaction of C$97,405.40. Also, Senior Officer Mark Allen Stainthorpe sold 81,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of C$44.98, for a total transaction of C$3,643,380.00. Over the last 90 days, insiders have sold 137,152 shares of company stock worth $6,207,845. 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).