Canadian Natural Resources (TSE:CNQ) Given New C$58.00 Price Target at BMO Capital Markets

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target decreased by analysts at BMO Capital Markets from C$60.00 to C$58.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ price target points to a potential upside of 29.52% from the company’s current price.

Several other equities research analysts have also recently issued reports on CNQ. TD Securities set a C$58.00 target price on Canadian Natural Resources and gave the stock a “buy” rating in a report on Tuesday, December 3rd. ATB Capital lifted their price objective on Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. National Bankshares increased their target price on Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 8th. Royal Bank of Canada raised their target price on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Raymond James upped their price target on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of C$71.94.

Canadian Natural Resources Stock Performance

CNQ opened at C$44.78 on Friday. 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 stock has a market capitalization of C$95.38 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 0.53 and a beta of 1.89. The company has a fifty day moving average of C$47.86 and a 200 day moving average of C$52.17. Canadian Natural Resources has a fifty-two week low of C$40.02 and a fifty-two week high of C$56.49.

Insider Activity

In other news, Senior Officer Devin Craig Lowe sold 3,750 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of C$49.04, for a total transaction of C$183,900.00. Also, Director Stephen W. Laut sold 6,400 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of C$47.04, for a total transaction of C$301,056.00. Over the last 90 days, insiders have sold 16,422 shares of company stock valued at $785,328. 4.26% of the stock is currently owned by insiders.

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).