Canadian Natural Resources (TSE:CNQ) Price Target Lowered to C$50.00 at Jefferies Financial Group

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

A number of other research firms also recently issued reports on CNQ. Raymond James increased their target price on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “buy” rating and increased their target price for the stock from C$56.00 to C$59.00 in a research report on Tuesday, October 8th. Royal Bank of Canada cut their target price on shares of Canadian Natural Resources from C$63.00 to C$62.00 in a research report on Tuesday, January 14th. Gerdes Energy Research upgraded shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research report on Monday, December 16th. Finally, National Bankshares increased their target price on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Tuesday, October 8th. Six equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$71.44.

Canadian Natural Resources Trading Up 1.2 %

Canadian Natural Resources stock opened at C$44.80 on Thursday. The company has a 50 day moving average price of C$45.42 and a 200 day moving average price of C$46.91. Canadian Natural Resources has a 52 week low of C$40.02 and a 52 week 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 capitalization of C$95.42 billion, a price-to-earnings ratio of 12.76, a P/E/G ratio of 0.53 and a beta of 1.89.

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 (EPS) for the quarter, topping analysts’ consensus estimates 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 business posted $1.29 earnings per share. Research analysts forecast that Canadian Natural Resources will post 3.833989 EPS for the current year.

Insider Activity at Canadian Natural Resources

In related news, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$48.70, for a total value of C$97,405.40. Also, Senior Officer Devin Craig Lowe sold 7,500 shares of the firm’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. In the last three months, insiders have sold 144,652 shares of company stock worth $6,544,640. 4.26% of the stock is 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).