BMO Capital Markets Lowers Canadian Natural Resources (TSE:CNQ) Price Target to C$58.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its target price decreased by investment analysts at BMO Capital Markets from C$60.00 to C$58.00 in a note issued to investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective would indicate a potential upside of 29.52% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. ATB Capital upped their price target on Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. National Bankshares lifted their price objective on Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 8th. Wells Fargo & Company boosted their target price on Canadian Natural Resources from C$48.00 to C$50.00 in a research report on Monday, December 9th. Finally, CIBC raised their price target on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a report on Wednesday, October 9th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$71.94.

Canadian Natural Resources Price Performance

Shares of TSE:CNQ opened at C$44.78 on Friday. The company has a market capitalization of C$95.38 billion, a PE ratio of 12.76, a PEG ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. Canadian Natural Resources has a 1-year low of C$40.02 and a 1-year high of C$56.49. The business has a fifty day moving average price of C$47.86 and a 200-day moving average price of C$52.17.

Insider Activity at Canadian Natural Resources

In other news, Director Stephen W. Laut sold 6,400 shares of the stock in a transaction 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 Devin Craig Lowe sold 3,750 shares of Canadian Natural Resources stock in a transaction on Monday, October 7th. The shares were sold at an average price of C$49.04, for a total transaction of C$183,900.00. Over the last three months, insiders have sold 16,422 shares of company stock worth $785,328. Corporate insiders own 4.26% of the company’s stock.

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).