Jefferies Financial Group Lowers Canadian Natural Resources (TSE:CNQ) Price Target to C$50.00

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price target lowered by equities researchers at Jefferies Financial Group from C$54.00 to C$50.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price target would indicate a potential upside of 13.25% from the company’s current price.

Several other research analysts have also issued reports on the company. BMO Capital Markets reduced their price target on Canadian Natural Resources from C$60.00 to C$58.00 in a research report on Friday, December 13th. ATB Capital boosted their target price on Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Royal Bank of Canada cut their price target on shares of Canadian Natural Resources from C$63.00 to C$62.00 in a research report on Tuesday, January 14th. Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$56.00 to C$59.00 in a report on Tuesday, October 8th. Finally, CIBC increased their target price on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a report on Wednesday, October 9th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$71.44.

Canadian Natural Resources Stock Performance

Shares of TSE:CNQ opened at C$44.15 on Thursday. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64. Canadian Natural Resources has a 1-year low of C$40.02 and a 1-year high of C$56.49. The stock has a market capitalization of C$94.04 billion, a P/E ratio of 12.58, a P/E/G ratio of 0.53 and a beta of 1.89. The business has a 50-day moving average price of C$45.35 and a two-hundred day moving average price of C$46.89.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings data on Thursday, October 31st. The company reported C$0.97 earnings per share for the quarter, beating the consensus estimate of C$0.92 by C$0.05. Canadian Natural Resources had a net margin of 20.88% and a return on equity of 19.65%. During the same period last year, the company earned $1.29 EPS. Equities analysts predict that Canadian Natural Resources will post 3.833989 earnings per share for the current year.

Insider Transactions at Canadian Natural Resources

In related news, Director Stephen W. Laut sold 6,400 shares of Canadian Natural Resources stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of C$47.04, for a total value of C$301,056.00. Also, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$48.70, for a total value of C$97,405.40. Insiders sold 144,652 shares of company stock valued at $6,544,640 in the last ninety days. 4.26% of the stock is currently owned by corporate insiders.

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).