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

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

CNQ has been the topic of several other reports. ATB Capital raised 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. Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “buy” rating and raised their price target for the stock from C$56.00 to C$59.00 in a research 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 company a “market perform” rating in a research report on Friday, November 1st. Gerdes Energy Research raised shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. Finally, 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. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average 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$45.45 on Tuesday. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. Canadian Natural Resources has a 1 year low of C$40.02 and a 1 year high of C$56.49. The firm’s 50-day simple moving average is C$45.68 and its 200-day simple moving average is C$47.08. The firm has a market cap of C$96.81 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings data on Thursday, October 31st. The company reported C$0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.92 by C$0.05. Canadian Natural Resources had a return on equity of 19.65% and a net margin of 20.88%. During the same quarter in the previous year, the company earned $1.29 EPS. Equities analysts forecast that Canadian Natural Resources will post 3.833989 earnings per share for the current fiscal year.

Insider Activity

In other Canadian Natural Resources news, Senior Officer Mark Allen Stainthorpe sold 81,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of C$44.98, for a total transaction of C$3,643,380.00. Also, Director Stephen W. Laut sold 6,400 shares of Canadian Natural Resources 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. Over the last ninety days, insiders have sold 137,152 shares of company stock valued at $6,207,845. Company insiders own 4.26% of the company’s stock.

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).