Evercore upgraded shares of Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) from an in-line rating to an outperform rating in a research report report published on Wednesday, April 3rd, BayStreet.CA reports. Evercore currently has C$48.00 target price on the stock.
CNQ has been the topic of a number of other research reports. Canaccord Genuity reduced their target price on Canadian Natural Resources from C$50.00 to C$45.00 in a report on Thursday, January 10th. JPMorgan Chase & Co. cut their price objective on Canadian Natural Resources from C$48.00 to C$46.00 in a report on Wednesday, January 9th. TD Securities cut their price objective on Canadian Natural Resources from C$56.00 to C$54.00 and set a buy rating on the stock in a report on Friday, December 7th. National Bank Financial cut their price objective on Canadian Natural Resources from C$64.00 to C$42.00 and set an outperform rating on the stock in a report on Monday, December 10th. Finally, BMO Capital Markets cut their price objective on Canadian Natural Resources from C$58.00 to C$55.00 in a report on Thursday, December 6th. Nine investment analysts have rated the stock with a buy rating, The company currently has a consensus rating of Buy and a consensus price target of C$48.44.
Shares of CNQ stock traded down C$0.20 during trading hours on Wednesday, reaching C$40.51. The company’s stock had a trading volume of 2,895,836 shares, compared to its average volume of 3,819,436. The company has a market cap of $47.95 billion and a PE ratio of 19.11. Canadian Natural Resources has a fifty-two week low of C$30.11 and a fifty-two week high of C$49.08. The company has a debt-to-equity ratio of 64.50, a quick ratio of 0.37 and a current ratio of 0.63.
In other Canadian Natural Resources news, Senior Officer Kendall W. Stagg sold 20,000 shares of Canadian Natural Resources stock in a transaction dated Friday, March 29th. The stock was sold at an average price of C$36.71, for a total transaction of C$734,200.00. Following the transaction, the insider now directly owns 48,607 shares of the company’s stock, valued at approximately C$1,784,362.97.
Canadian Natural Resources Company Profile
Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
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