Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) was downgraded by Wells Fargo & Co from an “outperform” rating to a “market perform” rating in a research note issued to investors on Tuesday, February 6th, Marketbeat Ratings reports.
CNQ has been the topic of several other reports. Zacks Investment Research raised Canadian Natural Resource from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a report on Tuesday, January 9th. Canaccord Genuity reissued a “buy” rating and issued a $53.00 target price on shares of Canadian Natural Resource in a report on Wednesday, November 8th. AltaCorp Capital reissued a “buy” rating and issued a $52.00 target price on shares of Canadian Natural Resource in a report on Monday, January 15th. Finally, Morgan Stanley boosted their target price on Canadian Natural Resource from $52.00 to $58.00 and gave the stock an “overweight” rating in a report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Canadian Natural Resource has a consensus rating of “Buy” and an average price target of $47.71.
Shares of Canadian Natural Resource (CNQ) traded down $0.40 on Tuesday, hitting $31.32. The stock had a trading volume of 1,986,372 shares, compared to its average volume of 2,660,545. The firm has a market cap of $37,335.99, a P/E ratio of 18.45, a P/E/G ratio of 2.76 and a beta of 1.36. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 0.67. Canadian Natural Resource has a fifty-two week low of $27.52 and a fifty-two week high of $37.63.
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Canadian Natural Resource Company Profile
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
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