Canadian Natural Resources (TSE:CNQ) Price Target Cut to C$50.00 by Analysts at Jefferies Financial Group

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ had its price target reduced by analysts at Jefferies Financial Group from C$54.00 to C$50.00 in a research report issued on Tuesday,BayStreet.CA reports. Jefferies Financial Group's target price would suggest a potential upside of 9.53% from the stock's current price.

A number of other analysts have also weighed in on the company. CIBC raised their target price on Canadian Natural Resources from C$57.50 to C$59.00 in a research note on Wednesday, October 9th. Raymond James raised their price objective on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a "market perform" rating in a research report on Friday, November 1st. Wells Fargo & Company upped their target price on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a research report on Monday, December 9th. BMO Capital Markets lowered their price target on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Finally, Gerdes Energy Research raised Canadian Natural Resources from a "neutral" rating to a "buy" rating in a report on Monday, December 16th. Six investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$71.44.

Canadian Natural Resources Price Performance

TSE:CNQ traded down C$1.32 on Tuesday, reaching C$45.65. The stock had a trading volume of 10,828,953 shares, compared to its average volume of 7,884,082. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64. The company has a market capitalization of C$97.23 billion, a P/E ratio of 13.01, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a 1-year low of C$40.02 and a 1-year high of C$56.49. The stock has a fifty day moving average price of C$45.74 and a 200-day moving average price of C$47.12.

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ last announced its earnings results on Thursday, October 31st. The company reported C$0.97 EPS for the quarter, topping 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 company posted $1.29 EPS. Research analysts forecast that Canadian Natural Resources will post 3.833989 EPS for the current year.

Insider Activity

In other Canadian Natural Resources news, Senior Officer Devin Craig Lowe sold 7,500 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of C$46.37, for a total value of C$347,775.00. Also, Senior Officer Mark Allen Stainthorpe sold 81,000 shares of the firm's stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of C$44.98, for a total value of C$3,643,380.00. Insiders sold a total of 137,152 shares of company stock valued at $6,207,845 in the last ninety 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).