Canadian Natural Resources (TSE:CNQ) Price Target Cut to C$52.00 by Analysts at National Bankshares

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective lowered by equities researchers at National Bankshares from C$58.00 to C$52.00 in a report issued on Friday, BayStreet.CA reports. National Bankshares’ price objective would indicate a potential upside of 16.85% from the stock’s current price.

A number of other brokerages have also weighed in on CNQ. TD Securities upped their target price on 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. Jefferies Financial Group lowered their target price on Canadian Natural Resources from C$52.00 to C$49.00 and set a “hold” rating on the stock in a research note on Monday, September 16th. Royal Bank of Canada decreased their target price on Canadian Natural Resources from C$62.00 to C$59.00 in a research report on Tuesday, September 17th. Wolfe Research upgraded Canadian Natural Resources to a “hold” rating in a research report on Thursday, July 18th. Finally, Scotiabank dropped their price target on Canadian Natural Resources from C$114.00 to C$57.00 and set a “sector perform” rating for the company in a research report on Tuesday, June 11th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Canadian Natural Resources currently has an average rating of “Hold” and a consensus price target of C$86.06.

Canadian Natural Resources Stock Performance

Shares of CNQ traded up C$0.53 during midday trading on Friday, reaching C$44.50. 1,792,689 shares of the stock were exchanged, compared to its average volume of 12,388,451. The company has a market cap of C$94.79 billion, a P/E ratio of 12.69, a PEG ratio of 0.53 and a beta of 1.91. Canadian Natural Resources has a twelve month low of C$40.02 and a twelve month high of C$56.49. 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’s 50 day simple moving average is C$47.17 and its 200 day simple moving average is C$73.57.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.88 EPS for the quarter, beating analysts’ consensus estimates of C$0.84 by C$0.04. The company had revenue of C$9.05 billion during the quarter, compared to analysts’ expectations of C$8.41 billion. Canadian Natural Resources had a return on equity of 19.65% and a net margin of 20.88%. On average, sell-side analysts expect that Canadian Natural Resources will post 3.5601888 earnings per share for the current year.

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).