Canadian Natural Resources (TSE:CNQ) PT Lowered to C$56.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price reduced by equities researchers at TD Securities from C$60.00 to C$56.00 in a report released on Tuesday, BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 19.68% from the stock’s previous close.

A number of other research analysts also recently weighed in on the stock. National Bankshares lowered their price objective on shares of Canadian Natural Resources from C$58.00 to C$52.00 in a research report on Friday, September 27th. Desjardins raised their price target on Canadian Natural Resources from C$55.00 to C$56.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Royal Bank of Canada cut their price objective on Canadian Natural Resources from C$62.00 to C$59.00 in a report on Tuesday, September 17th. Wolfe Research raised Canadian Natural Resources to a “hold” rating in a report on Thursday, July 18th. Finally, Raymond James cut their price target on Canadian Natural Resources from C$97.00 to C$49.00 and set a “market perform” rating for the company in a research note on Wednesday, June 12th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$85.81.

Canadian Natural Resources Stock Down 0.3 %

Canadian Natural Resources stock opened at C$46.79 on Tuesday. Canadian Natural Resources has a 12 month low of C$40.02 and a 12 month high of C$56.49. The stock has a fifty day simple moving average of C$46.97 and a two-hundred day simple moving average of C$71.91. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64. The firm has a market cap of C$99.66 billion, a price-to-earnings ratio of 13.33, a PEG ratio of 0.53 and a beta of 1.91.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings data on Wednesday, July 31st. The company reported C$0.88 EPS for the quarter, topping the consensus estimate of C$0.84 by C$0.04. Canadian Natural Resources had a return on equity of 19.65% and a net margin of 20.88%. The company had revenue of C$9.05 billion during the quarter, compared to the consensus estimate of C$8.41 billion. Equities analysts predict that Canadian Natural Resources will post 3.6036866 EPS for the current fiscal year.

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).