Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective reduced by research analysts at JPMorgan Chase & Co. from C$44.00 to C$41.00 in a research report issued on Wednesday, BayStreet.CA reports. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 22.32% from the stock’s current price.
CNQ has been the topic of several other research reports. National Bank Financial reduced their target price on shares of Canadian Natural Resources from C$45.00 to C$43.00 and set an “outperform” rating on the stock in a report on Tuesday, July 16th. TD Securities increased their target price on shares of Canadian Natural Resources from C$49.00 to C$50.00 and gave the company a “buy” rating in a report on Friday, May 31st. BMO Capital Markets set a C$45.00 target price on shares of Canadian Natural Resources and gave the company an “outperform” rating in a report on Friday, May 31st. Canaccord Genuity increased their target price on shares of Canadian Natural Resources from C$50.00 to C$53.00 in a report on Tuesday, July 9th. Finally, CIBC reduced their target price on shares of Canadian Natural Resources from C$49.00 to C$48.00 in a report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of C$46.50.
CNQ stock opened at C$33.52 on Wednesday. The company has a debt-to-equity ratio of 74.06, a quick ratio of 0.39 and a current ratio of 0.59. Canadian Natural Resources has a 52 week low of C$30.01 and a 52 week high of C$43.57. The firm’s fifty day moving average is C$31.75 and its 200 day moving average is C$35.70. The firm has a market cap of $39.31 billion and a P/E ratio of 8.40.
Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its earnings results on Thursday, August 1st. The company reported C$0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.85 by C$0.02. The business had revenue of C$5.56 billion for the quarter, compared to the consensus estimate of C$5.80 billion. As a group, analysts forecast that Canadian Natural Resources will post 2.5700002 EPS for the current year.
About Canadian Natural Resources
Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
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