Canadian Natural Resources Limited (NYSE:CNQ) Given Average Recommendation of “Hold” by Analysts

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) has been assigned an average recommendation of “Hold” from the five research firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $62.00.

CNQ has been the subject of several analyst reports. Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $62.00 price target on shares of Canadian Natural Resources in a report on Tuesday.

Canadian Natural Resources Stock Down 0.0 %

CNQ opened at $30.40 on Thursday. The business has a 50 day moving average price of $30.92 and a 200 day moving average price of $33.26. Canadian Natural Resources has a twelve month low of $28.65 and a twelve month high of $41.29. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.53 and a current ratio of 0.84. The firm has a market cap of $63.89 billion, a P/E ratio of 11.80 and a beta of 1.45.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Moloney Securities Asset Management LLC lifted its holdings in shares of Canadian Natural Resources by 5.4% during the third quarter. Moloney Securities Asset Management LLC now owns 7,302 shares of the oil and gas producer’s stock worth $242,000 after buying an additional 376 shares during the last quarter. Measured Wealth Private Client Group LLC increased its position in shares of Canadian Natural Resources by 4.1% during the third quarter. Measured Wealth Private Client Group LLC now owns 10,158 shares of the oil and gas producer’s stock valued at $337,000 after purchasing an additional 404 shares during the period. Kingsview Wealth Management LLC increased its position in shares of Canadian Natural Resources by 4.9% during the third quarter. Kingsview Wealth Management LLC now owns 9,018 shares of the oil and gas producer’s stock valued at $300,000 after purchasing an additional 419 shares during the period. Fifth Third Bancorp increased its position in shares of Canadian Natural Resources by 51.0% during the fourth quarter. Fifth Third Bancorp now owns 1,271 shares of the oil and gas producer’s stock valued at $39,000 after purchasing an additional 429 shares during the period. Finally, Assetmark Inc. increased its position in shares of Canadian Natural Resources by 57.3% during the fourth quarter. Assetmark Inc. now owns 1,205 shares of the oil and gas producer’s stock valued at $37,000 after purchasing an additional 439 shares during the period. 74.03% of the stock is currently owned by institutional investors and hedge funds.

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).