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 dropped by Jefferies Financial Group from C$54.00 to C$50.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group’s price target points to a potential upside of 9.60% from the company’s previous close.

CNQ has been the topic of a number of other reports. National Bankshares increased their price target on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 8th. ATB Capital lifted their price target 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. CIBC increased their price objective on Canadian Natural Resources from C$57.50 to C$59.00 in a research report on Wednesday, October 9th. Wells Fargo & Company increased their price target on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a research report on Monday, December 9th. Finally, Raymond James upped 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 note on Friday, November 1st. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Canadian Natural Resources presently has an average rating of “Moderate Buy” and an average target price of C$71.44.

Canadian Natural Resources Stock Performance

Shares of TSE:CNQ traded down C$1.35 during trading on Tuesday, hitting C$45.62. 3,840,582 shares of the company were exchanged, compared to its average volume of 7,373,902. The company has a market cap of C$97.17 billion, a PE ratio of 13.00, a P/E/G ratio of 0.53 and a beta of 1.89. 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 current ratio of 0.88 and a quick ratio of 0.54. The stock has a 50 day moving average of C$45.74 and a 200 day moving average of C$47.12.

Insider Transactions at Canadian Natural Resources

In other news, Senior Officer Devin Craig Lowe sold 7,500 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of C$46.37, for a total transaction of C$347,775.00. Also, Senior Officer Mark Allen Stainthorpe sold 81,000 shares of the business’s stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of C$44.98, for a total value of C$3,643,380.00. Insiders sold 137,152 shares of company stock worth $6,207,845 over the last three months. 4.26% of the stock is currently owned by company insiders.

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).