Canadian Natural Resources (TSE:CNQ) Price Target Cut to C$62.00 by Analysts at Royal Bank of Canada

Canadian Natural Resources (TSE:CNQ - Free Report) NYSE: CNQ had its price objective cut by Royal Bank of Canada from C$63.00 to C$62.00 in a research report released on Tuesday morning,BayStreet.CA reports.

Other analysts have also recently issued research reports about the stock. ATB Capital boosted their price objective on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 8th. Gerdes Energy Research raised Canadian Natural Resources from a "neutral" rating to a "buy" rating in a research note on Monday, December 16th. CIBC lifted their price objective on Canadian Natural Resources from C$57.50 to C$59.00 in a research note on Wednesday, October 9th. Desjardins upgraded shares of Canadian Natural Resources from a "hold" rating to a "buy" rating and boosted their price target for the stock from C$56.00 to C$59.00 in a research report on Tuesday, October 8th. Finally, Raymond James upped 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 note on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Canadian Natural Resources currently has an average rating of "Moderate Buy" and a consensus target price of C$71.88.

Canadian Natural Resources Price Performance

TSE:CNQ traded down C$0.19 on Tuesday, hitting C$45.26. The company had a trading volume of 5,497,621 shares, compared to its average volume of 7,983,685. The firm has a 50 day moving average of C$45.94 and a two-hundred day moving average of C$47.22. The stock has a market capitalization of C$96.40 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a 52 week low of C$40.02 and a 52 week high of C$56.49. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64.

Insider Buying and Selling at Canadian Natural Resources

In other Canadian Natural Resources news, Director Stephen W. Laut sold 6,400 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of C$47.04, for a total value of C$301,056.00. Also, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the firm's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of C$48.70, for a total transaction of C$97,405.40. In the last 90 days, insiders have sold 56,152 shares of company stock worth $2,564,465. Company insiders own 4.26% of the company's stock.

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).