Canadian Natural Resources Limited (NYSE:CNQ) Receives Consensus Rating of "Hold" from Brokerages

Canadian Natural Resources Limited (NYSE:CNQ - Get Free Report) TSE: CNQ has been given an average rating of "Hold" by the four ratings firms that are presently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating.

Separately, Tudor Pickering cut Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Duncker Streett & Co. Inc. bought a new stake in shares of Canadian Natural Resources in the fourth quarter valued at $25,000. Lee Danner & Bass Inc. bought a new position in shares of Canadian Natural Resources in the 4th quarter worth $25,000. Continuum Advisory LLC increased its stake in Canadian Natural Resources by 144.1% in the third quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer's stock valued at $28,000 after acquiring an additional 490 shares during the last quarter. Hurley Capital LLC bought a new position in shares of Canadian Natural Resources during the 4th quarter valued at about $31,000. Finally, Coastline Trust Co bought a new position in Canadian Natural Resources during the third quarter valued at approximately $33,000. 74.03% of the stock is owned by institutional investors.

Canadian Natural Resources Price Performance

NYSE:CNQ traded down $0.31 during trading hours on Thursday, reaching $30.10. The company had a trading volume of 3,389,614 shares, compared to its average volume of 6,494,203. The company has a quick ratio of 0.53, a current ratio of 0.84 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $63.26 billion, a PE ratio of 11.69 and a beta of 1.45. Canadian Natural Resources has a one year low of $28.65 and a one year high of $41.29. The stock has a 50-day moving average of $31.04 and a two-hundred day moving average of $33.33.

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).