Canadian Natural Resources (TSE:CNQ) Upgraded by Gerdes Energy Research to "Buy" Rating

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ was upgraded by equities researchers at Gerdes Energy Research from a "neutral" rating to a "buy" rating in a note issued to investors on Monday,BayStreet.CA reports.

CNQ has been the subject of several other reports. CIBC lifted their price objective on Canadian Natural Resources from C$57.50 to C$59.00 in a research report on Wednesday, October 9th. Jefferies Financial Group lifted their price objective on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a research note on Friday, October 11th. Royal Bank of Canada increased their target price on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. National Bankshares raised their price objective on Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a "sector perform" rating in a research note on Tuesday, October 8th. Finally, ATB Capital lifted their price target on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an "outperform" rating in a research report on Tuesday, October 8th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of C$71.94.

Canadian Natural Resources Trading Down 1.9 %

Shares of CNQ stock traded down C$0.83 on Monday, hitting C$43.95. The company had a trading volume of 24,796,167 shares, compared to its average volume of 11,955,722. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. Canadian Natural Resources has a twelve month low of C$40.02 and a twelve month high of C$56.49. The stock's 50-day moving average is C$47.86 and its two-hundred day moving average is C$51.80. The firm has a market cap of C$93.61 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.53 and a beta of 1.89.

Insiders Place Their Bets

In related news, Senior Officer Devin Craig Lowe sold 3,750 shares of the firm's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of C$49.04, for a total value of C$183,900.00. Also, Director Stephen W. Laut sold 6,400 shares of Canadian Natural Resources stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of C$47.04, for a total transaction of C$301,056.00. Insiders sold 16,422 shares of company stock worth $785,328 over the last quarter. 4.26% of the stock is currently owned by company 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).