Canadian Natural Resources (TSE:CNQ) Price Target Lowered to C$49.00 at Jefferies Financial Group

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price lowered by analysts at Jefferies Financial Group from C$52.00 to C$49.00 in a note issued to investors on Monday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. Jefferies Financial Group’s target price points to a potential upside of 9.67% from the stock’s current price.

A number of other research analysts also recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Canadian Natural Resources from C$60.00 to C$62.00 in a research report on Friday, August 2nd. Scotiabank cut their price objective on shares of Canadian Natural Resources from C$114.00 to C$57.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 11th. Raymond James cut their price objective on shares of Canadian Natural Resources from C$97.00 to C$49.00 and set a “market perform” rating on the stock in a research report on Wednesday, June 12th. TD Securities lifted their price objective on shares of Canadian Natural Resources from C$49.00 to C$60.00 and gave the stock a “buy” rating in a research report on Friday, August 2nd. Finally, Wolfe Research raised shares of Canadian Natural Resources to a “hold” rating in a research report on Thursday, July 18th. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Natural Resources has an average rating of “Hold” and an average target price of C$90.31.

Canadian Natural Resources Trading Up 1.7 %

TSE:CNQ opened at C$44.68 on Monday. Canadian Natural Resources has a one year low of C$40.02 and a one year high of C$56.49. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. The firm has a market cap of C$95.17 billion, a P/E ratio of 12.69, a P/E/G ratio of 0.53 and a beta of 1.91. The firm has a 50-day simple moving average of C$47.72 and a 200-day simple moving average of C$75.95.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.88 EPS for the quarter, beating the consensus estimate of C$0.84 by C$0.04. Canadian Natural Resources had a net margin of 20.88% and a return on equity of 19.65%. The business had revenue of C$9.05 billion during the quarter, compared to analyst estimates of C$8.41 billion. Equities analysts anticipate that Canadian Natural Resources will post 4.2311277 EPS for the current fiscal year.

Insider Buying and Selling at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Devin Craig Lowe sold 3,750 shares of Canadian Natural Resources stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of C$48.43, for a total transaction of C$181,612.50. Company insiders own 4.24% of the company’s stock.

About Canadian Natural Resources

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).