BMO Capital Markets Cuts Canadian Natural Resources (TSE:CNQ) Price Target to C$58.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target lowered by BMO Capital Markets from C$60.00 to C$58.00 in a report issued on Friday,BayStreet.CA reports. BMO Capital Markets’ target price would suggest a potential upside of 30.22% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Royal Bank of Canada upped their target price on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Gerdes Energy Research upped their target price on shares of Canadian Natural Resources from C$53.00 to C$55.00 in a report on Friday, November 1st. Raymond James upped their target price on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Jefferies Financial Group upped their target price on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a report on Friday, October 11th. Finally, National Bankshares upped their target price on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a report on Tuesday, October 8th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$71.94.

Canadian Natural Resources Stock Up 0.2 %

TSE:CNQ traded up C$0.08 on Friday, hitting C$44.54. 7,896,725 shares of the company’s stock were exchanged, compared to its average volume of 11,832,240. The firm has a 50-day moving average price of C$47.90 and a 200-day moving average price of C$52.93. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. 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 market cap of C$94.87 billion, a P/E ratio of 12.70, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89.

Insiders Place Their Bets

In other Canadian Natural Resources news, Director Stephen W. Laut sold 6,400 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$47.04, for a total transaction of C$301,056.00. Also, Senior Officer Trevor Wagil sold 4,272 shares of the stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of C$47.51, for a total transaction of C$202,966.99. Insiders have sold a total of 16,422 shares of company stock worth $785,328 in the last quarter. Corporate 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).