Canadian Natural Resources Limited (NYSE:CNQ) Receives Consensus Rating of “Hold” from Analysts

Shares of Canadian Natural Resources Limited (NYSE:CNQGet Free Report) (TSE:CNQ) have been given a consensus recommendation of “Hold” by the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $94.00.

Several brokerages recently issued reports on CNQ. JPMorgan Chase & Co. boosted their price target on shares of Canadian Natural Resources from $101.00 to $102.00 and gave the company a “neutral” rating in a research report on Thursday, January 11th. Royal Bank of Canada boosted their price target on shares of Canadian Natural Resources from $95.00 to $96.00 and gave the company an “outperform” rating in a research report on Friday, November 3rd.

View Our Latest Stock Analysis on Canadian Natural Resources

Institutional Investors Weigh In On Canadian Natural Resources

Several hedge funds have recently bought and sold shares of the business. Brighton Jones LLC bought a new stake in Canadian Natural Resources during the fourth quarter worth about $214,000. Kestra Private Wealth Services LLC boosted its stake in Canadian Natural Resources by 14.1% during the fourth quarter. Kestra Private Wealth Services LLC now owns 79,469 shares of the oil and gas producer’s stock worth $5,207,000 after acquiring an additional 9,806 shares in the last quarter. Cadence Wealth Management LLC boosted its stake in Canadian Natural Resources by 4.5% during the fourth quarter. Cadence Wealth Management LLC now owns 6,776 shares of the oil and gas producer’s stock worth $444,000 after acquiring an additional 292 shares in the last quarter. K.J. Harrison & Partners Inc boosted its stake in Canadian Natural Resources by 61.4% during the fourth quarter. K.J. Harrison & Partners Inc now owns 147,082 shares of the oil and gas producer’s stock worth $9,654,000 after acquiring an additional 55,945 shares in the last quarter. Finally, Syon Capital LLC boosted its stake in Canadian Natural Resources by 39.6% during the fourth quarter. Syon Capital LLC now owns 14,192 shares of the oil and gas producer’s stock worth $930,000 after acquiring an additional 4,028 shares in the last quarter. Institutional investors own 73.88% of the company’s stock.

Canadian Natural Resources Price Performance

CNQ stock opened at $59.95 on Thursday. Canadian Natural Resources has a 12-month low of $48.81 and a 12-month high of $68.74. The company has a current ratio of 0.91, a quick ratio of 0.65 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $64.41 and its two-hundred day moving average price is $63.79. The stock has a market capitalization of $64.33 billion, a price-to-earnings ratio of 12.57 and a beta of 1.53.

Canadian Natural Resources Company Profile

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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).

Further Reading

Analyst Recommendations for Canadian Natural Resources (NYSE:CNQ)

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