Jefferies Financial Group Has Lowered Expectations for Canadian Natural Resources (TSE:CNQ) Stock Price

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target reduced by Jefferies Financial Group from C$54.00 to C$50.00 in a research report sent to investors on Thursday morning,BayStreet.CA reports.

Other research analysts also recently issued research reports about the stock. CIBC lifted their target price on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a report on Wednesday, October 9th. TD Securities set a C$58.00 target price on Canadian Natural Resources and gave the company a “buy” rating in a report on Tuesday, December 3rd. ATB Capital upped their price target on Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Raymond James boosted 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 report on Friday, November 1st. Finally, Royal Bank of Canada reduced their target price on shares of Canadian Natural Resources from C$63.00 to C$62.00 in a research note on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Canadian Natural Resources presently has a consensus rating of “Moderate Buy” and an average price target of C$71.44.

Canadian Natural Resources Stock Down 1.5 %

CNQ opened at C$44.15 on Thursday. The stock’s fifty day moving average is C$45.26 and its 200-day moving average is C$46.86. 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 company has a market capitalization of C$94.04 billion, a PE ratio of 12.58, a P/E/G ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a one year low of C$40.02 and a one year high of C$56.49.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its earnings results on Thursday, October 31st. The company reported C$0.97 earnings per share 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 period in the prior year, the company earned $1.29 EPS. On average, equities analysts predict that Canadian Natural Resources will post 3.833989 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Senior Officer Devin Craig Lowe sold 7,500 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of C$44.91, for a total transaction of C$336,795.00. Also, Director Stephen W. Laut sold 6,400 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of C$47.04, for a total transaction of C$301,056.00. In the last 90 days, insiders sold 144,652 shares of company stock worth $6,544,640. 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).