Canadian Natural Resources (TSE:CNQ) Given New C$50.00 Price Target at Jefferies Financial Group

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ had its price objective dropped by equities researchers at Jefferies Financial Group from C$54.00 to C$50.00 in a report issued on Thursday,BayStreet.CA reports. Jefferies Financial Group's price objective points to a potential upside of 13.25% from the company's current price.

Several other equities research analysts have also recently issued reports on CNQ. Gerdes Energy Research raised shares of Canadian Natural Resources from a "neutral" rating to a "buy" rating in a research note on Monday, December 16th. ATB Capital boosted their price target on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 8th. Desjardins upgraded shares of Canadian Natural Resources from a "hold" rating to a "buy" rating and increased their price objective for the company from C$56.00 to C$59.00 in a report on Tuesday, October 8th. CIBC boosted their target price on Canadian Natural Resources from C$57.50 to C$59.00 in a report on Wednesday, October 9th. Finally, Royal Bank of Canada dropped their price target on Canadian Natural Resources from C$63.00 to C$62.00 in a research report on Tuesday, January 14th. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$71.44.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock traded down C$0.65 during midday trading on Thursday, reaching C$44.15. The company had a trading volume of 6,756,347 shares, compared to its average volume of 7,058,792. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. Canadian Natural Resources has a 12-month low of C$40.02 and a 12-month high of C$56.49. The company has a market capitalization of C$94.04 billion, a P/E ratio of 12.58, a P/E/G ratio of 0.53 and a beta of 1.89. The firm's fifty day simple moving average is C$45.35 and its 200-day simple moving average is C$46.89.

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ last released its earnings results on Thursday, October 31st. The company reported C$0.97 earnings per share for the quarter, beating the consensus estimate of C$0.92 by C$0.05. Canadian Natural Resources had a return on equity of 19.65% and a net margin of 20.88%. During the same period in the prior year, the firm earned $1.29 EPS. As a group, equities analysts anticipate that Canadian Natural Resources will post 3.833989 EPS for the current year.

Insider Buying and Selling at Canadian Natural Resources

In other Canadian Natural Resources news, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of C$48.70, for a total value of C$97,405.40. Also, Senior Officer Troy John Peter Andersen sold 19,000 shares of the firm's stock in a transaction on Friday, January 10th. The stock was sold at an average price of C$47.45, for a total value of C$901,607.00. Insiders have sold 144,652 shares of company stock valued at $6,544,640 over the last 90 days. 4.26% of the stock is owned by insiders.

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).