Canadian Natural Resources (TSE:CNQ) Stock Rating Lowered by Tudor Pickering

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) was downgraded by investment analysts at Tudor Pickering from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

CNQ has been the subject of several other reports. Raymond James lifted their price objective 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. Royal Bank of Canada decreased their price target on Canadian Natural Resources from C$63.00 to C$62.00 in a report on Tuesday, January 14th. BMO Capital Markets dropped their price objective on Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Gerdes Energy Research upgraded Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research note on Monday, December 16th. Finally, TD Securities set a C$58.00 price target on Canadian Natural Resources and gave the company a “buy” rating in a report on Tuesday, December 3rd. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Natural Resources currently has an average rating of “Moderate Buy” and a consensus price target of C$71.44.

Canadian Natural Resources Stock Performance

Shares of Canadian Natural Resources stock opened at C$42.90 on Monday. The business has a 50-day simple moving average of C$44.72 and a 200-day simple moving average of C$46.56. 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 one year low of C$40.02 and a one year high of C$56.49. The company has a market cap of C$91.38 billion, a PE ratio of 12.22, a P/E/G ratio of 0.53 and a beta of 1.89.

Insider Activity at Canadian Natural Resources

In other Canadian Natural Resources news, Director Stephen W. Laut sold 6,400 shares of the business’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. Also, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of C$48.70, for a total transaction of C$97,405.40. Insiders have sold 155,332 shares of company stock worth $7,012,151 in the last quarter. 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).