Canadian Natural Resources (TSE:CNQ) Price Target Cut to C$52.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price dropped by equities researchers at National Bankshares from C$58.00 to C$52.00 in a note issued to investors on Friday, BayStreet.CA reports. National Bankshares’ price objective indicates a potential upside of 15.84% from the stock’s previous close.

Several other research firms have also commented on CNQ. Desjardins raised their price target on Canadian Natural Resources from C$55.00 to C$56.00 and gave the stock a “hold” rating in a research report on Friday, August 2nd. Scotiabank lowered their target price on Canadian Natural Resources from C$114.00 to C$57.00 and set a “sector perform” rating for the company in a report on Tuesday, June 11th. Wolfe Research upgraded shares of Canadian Natural Resources to a “hold” rating in a research note on Thursday, July 18th. TD Securities raised their price objective on shares of Canadian Natural Resources from C$49.00 to C$60.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Finally, Raymond James dropped their price objective on shares of Canadian Natural Resources from C$97.00 to C$49.00 and set a “market perform” rating for the company in a report on Wednesday, June 12th. Eight investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of C$86.06.

Canadian Natural Resources Stock Up 2.1 %

Shares of CNQ opened at C$44.89 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64. The firm has a market cap of C$95.62 billion, a P/E ratio of 12.79, a price-to-earnings-growth ratio of 0.53 and a beta of 1.91. The company’s 50-day moving average price is C$47.09 and its 200 day moving average price is C$73.20. Canadian Natural Resources has a 12-month low of C$40.02 and a 12-month high of C$56.49.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings data on Wednesday, July 31st. The company reported C$0.88 EPS for the quarter, topping the consensus estimate of C$0.84 by C$0.04. The firm had revenue of C$9.05 billion for the quarter, compared to analyst estimates of C$8.41 billion. Canadian Natural Resources had a net margin of 20.88% and a return on equity of 19.65%. On average, sell-side analysts forecast that Canadian Natural Resources will post 3.5601888 earnings per share for the current year.

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).