Canadian Natural Resources (TSE:CNQ) Downgraded to “Hold” Rating by Tudor Pickering

Tudor Pickering lowered shares of Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

A number of other research firms also recently weighed in on CNQ. Jefferies Financial Group reduced their price target on Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. Royal Bank of Canada reduced their target price on shares of Canadian Natural Resources from C$63.00 to C$62.00 in a 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 note on Monday, December 16th. Raymond James boosted their price target 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. Finally, BMO Capital Markets decreased their price objective on Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Natural Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of C$71.44.

Canadian Natural Resources Stock Performance

Shares of Canadian Natural Resources stock opened at C$42.90 on Monday. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. The firm has a market cap of C$91.38 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth 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. The stock’s 50-day moving average is C$44.72 and its 200-day moving average is C$46.56.

Insider Buying and Selling

In related news, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$48.70, for a total value of C$97,405.40. Also, Director Stephen W. Laut sold 6,400 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of C$47.04, for a total value of C$301,056.00. In the last 90 days, insiders sold 155,332 shares of company stock valued at $7,012,151. Company insiders own 4.26% of the company’s stock.

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).