Tudor Pickering Downgrades Canadian Natural Resources (TSE:CNQ) to Hold

Tudor Pickering downgraded shares of Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

CNQ has been the subject of several other research reports. Raymond James upped their price objective on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “market perform” rating in a research report on Friday, November 1st. Wells Fargo & Company upped their price target on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a report on Monday, December 9th. BMO Capital Markets decreased their price objective on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a research note on Friday, December 13th. Jefferies Financial Group lowered their price objective on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. Finally, Gerdes Energy Research raised Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$71.44.

Canadian Natural Resources Stock Performance

TSE:CNQ opened at C$42.90 on Monday. The company has a market cap of C$91.38 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 0.53 and a beta of 1.89. Canadian Natural Resources has a fifty-two week low of C$40.02 and a fifty-two week high of C$56.49. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. The stock has a fifty day moving average price of C$44.72 and a 200-day moving average price of C$46.56.

Insider Buying and Selling

In related news, Director Stephen W. Laut sold 6,400 shares of Canadian Natural Resources stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of C$47.04, for a total transaction of C$301,056.00. Also, Senior Officer Robin Sean Zabek sold 19,000 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of C$43.07, for a total transaction of C$818,254.00. Insiders sold a total of 155,332 shares of company stock valued at $7,012,151 in the last three months. Insiders own 4.26% of the company’s stock.

Canadian Natural Resources Company Profile

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).