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

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) has earned a consensus recommendation of “Hold” from the four analysts that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation.

Separately, Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th.

Canadian Natural Resources Stock Down 1.0 %

CNQ stock opened at $30.10 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.53 and a debt-to-equity ratio of 0.21. Canadian Natural Resources has a 52 week low of $28.65 and a 52 week high of $41.29. The firm’s 50-day moving average is $31.04 and its two-hundred day moving average is $33.35. The company has a market capitalization of $63.30 billion, a price-to-earnings ratio of 11.69 and a beta of 1.45.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CNQ. Duncker Streett & Co. Inc. purchased a new position in Canadian Natural Resources in the 4th quarter valued at $25,000. Lee Danner & Bass Inc. purchased a new position in Canadian Natural Resources in the 4th quarter valued at $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. Sandy Spring Bank purchased a new position in Canadian Natural Resources in the 4th quarter valued at $31,000. Finally, CoreFirst Bank & Trust purchased a new position in Canadian Natural Resources in the 4th quarter valued at $31,000. Hedge funds and other institutional investors 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).