Canadian Natural Resources (NYSE:CNQ) Reaches New 1-Year Low - Here's What Happened

Shares of Canadian Natural Resources Limited (NYSE:CNQ - Get Free Report) TSE: CNQ hit a new 52-week low during mid-day trading on Monday . The company traded as low as $28.84 and last traded at $29.51, with a volume of 147716 shares. The stock had previously closed at $30.35.

Analysts Set New Price Targets

Separately, Desjardins raised Canadian Natural Resources from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, October 8th. Four equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of "Hold".

Canadian Natural Resources Stock Up 0.4 %

The stock has a market capitalization of $65.44 billion, a PE ratio of 12.08 and a beta of 1.45. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. The company's 50-day moving average is $31.50 and its 200 day moving average is $33.56.

Institutional Trading of Canadian Natural Resources

Institutional investors and hedge funds have recently bought and sold shares of the business. Duncker Streett & Co. Inc. purchased a new position in shares of Canadian Natural Resources during the fourth quarter worth $25,000. Continuum Advisory LLC raised its stake in shares of Canadian Natural Resources by 144.1% during the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer's stock valued at $28,000 after buying an additional 490 shares during the last quarter. R Squared Ltd acquired a new position in shares of Canadian Natural Resources in the 4th quarter valued at about $32,000. Coastline Trust Co purchased a new stake in shares of Canadian Natural Resources in the third quarter worth about $33,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Canadian Natural Resources during the fourth quarter worth about $35,000. 74.03% of the stock is currently owned by institutional investors and hedge funds.

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).