JPMorgan Chase & Co. Trims Canadian Natural Resources (TSE:CNQ) Target Price to C$27.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target reduced by JPMorgan Chase & Co. from C$32.00 to C$27.00 in a report issued on Monday morning, BayStreet.CA reports.

CNQ has been the topic of several other research reports. National Bank Financial dropped their target price on Canadian Natural Resources from C$40.00 to C$39.00 and set a sector perform rating on the stock in a report on Friday, March 6th. Raymond James set a C$26.00 target price on Canadian Natural Resources and gave the stock an outperform rating in a report on Thursday, March 19th. Cormark dropped their target price on Canadian Natural Resources from C$45.00 to C$42.00 in a report on Friday, March 6th. TD Securities dropped their target price on Canadian Natural Resources from C$51.00 to C$50.00 and set a buy rating on the stock in a report on Friday, March 6th. Finally, Wells Fargo & Co dropped their target price on Canadian Natural Resources from C$34.00 to C$14.00 in a report on Friday, March 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Canadian Natural Resources has a consensus rating of Hold and an average target price of C$35.50.

CNQ opened at C$14.65 on Monday. The business’s 50 day moving average is C$29.69 and its 200-day moving average is C$35.40. The stock has a market cap of $14.35 billion and a PE ratio of 3.23. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 65.13. Canadian Natural Resources has a twelve month low of C$9.80 and a twelve month high of C$42.57.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its earnings results on Thursday, March 5th. The company reported C$0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.59 by C($0.13). The company had revenue of C$5.90 billion during the quarter, compared to analysts’ expectations of C$5.97 billion. As a group, analysts forecast that Canadian Natural Resources will post 2.1300002 EPS for the current year.

In related news, Senior Officer Kendall W. Stagg purchased 15,000 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were bought at an average price of C$10.60 per share, with a total value of C$158,970.00. Following the completion of the acquisition, the insider now owns 47,421 shares of the company’s stock, valued at C$502,567.76. Also, Senior Officer Michel Cusson Réal sold 5,000 shares of the company’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of C$42.18, for a total value of C$210,900.00. Following the completion of the transaction, the insider now directly owns 687,502 shares in the company, valued at approximately C$28,998,834.36. Insiders sold 80,000 shares of company stock worth $3,336,682 in the last ninety days.

About Canadian Natural Resources

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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