Tudor Pickering downgraded shares of Canadian Natural Resources (NYSE:CNQ – Free Report) (TSE:CNQ) from a strong-buy rating to a hold rating in a research note published on Monday,Zacks.com reports.
Canadian Natural Resources Stock Down 2.9 %
Shares of NYSE CNQ opened at $30.02 on Monday. The firm’s 50-day moving average is $31.14 and its two-hundred day moving average is $33.40. The company has a market capitalization of $63.14 billion, a PE ratio of 11.66 and a beta of 1.45. Canadian Natural Resources has a 12-month low of $28.65 and a 12-month high of $41.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53.
Institutional Investors Weigh In On Canadian Natural Resources
A number of large investors have recently bought and sold shares of CNQ. Duncker Streett & Co. Inc. purchased a new stake in shares of Canadian Natural Resources in the fourth quarter valued at $25,000. Lee Danner & Bass Inc. acquired a new position in Canadian Natural Resources in the 4th quarter valued at about $25,000. Continuum Advisory LLC lifted its holdings in Canadian Natural Resources by 144.1% in the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock valued at $28,000 after purchasing an additional 490 shares in the last quarter. Hurley Capital LLC acquired a new stake in shares of Canadian Natural Resources during the 4th quarter worth about $31,000. Finally, Coastline Trust Co purchased a new stake in shares of Canadian Natural Resources during the third quarter worth about $33,000. Institutional investors and hedge funds own 74.03% 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).
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