Canadian Natural Resources Limited (NYSE:CNQ) Receives Average Rating of "Moderate Buy" from Analysts

Canadian Natural Resources Limited (NYSE:CNQ - Get Free Report) TSE: CNQ has received an average rating of "Moderate Buy" from the six research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $63.00.

CNQ has been the subject of a number of recent research reports. National Bankshares restated a "sector perform" rating on shares of Canadian Natural Resources in a research note on Thursday, July 17th. Scotiabank reissued an "outperform" rating on shares of Canadian Natural Resources in a research report on Friday, July 11th.

Canadian Natural Resources Price Performance

Shares of CNQ opened at $30.48 on Friday. The stock has a 50 day simple moving average of $31.80 and a 200 day simple moving average of $30.39. Canadian Natural Resources has a 52-week low of $24.65 and a 52-week high of $37.91. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.53 and a current ratio of 0.84. The firm has a market capitalization of $63.72 billion, a PE ratio of 11.95 and a beta of 1.05.

Canadian Natural Resources (NYSE:CNQ - Get Free Report) TSE: CNQ last issued its quarterly earnings data on Thursday, May 8th. The oil and gas producer reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.73 by $0.08. The company had revenue of $6.96 billion during the quarter, compared to the consensus estimate of $10.14 billion. Canadian Natural Resources had a net margin of 16.92% and a return on equity of 20.90%. During the same quarter in the prior year, the firm earned $1.37 earnings per share. Sell-side analysts predict that Canadian Natural Resources will post 2.45 EPS for the current fiscal year.

Institutional Trading of Canadian Natural Resources

A number of hedge funds have recently made changes to their positions in the business. Alliancebernstein L.P. increased its stake in shares of Canadian Natural Resources by 0.9% during the fourth quarter. Alliancebernstein L.P. now owns 330,500 shares of the oil and gas producer's stock worth $10,203,000 after purchasing an additional 2,856 shares during the period. ExodusPoint Capital Management LP acquired a new stake in shares of Canadian Natural Resources during the fourth quarter worth $775,000. Wells Fargo & Company MN boosted its position in shares of Canadian Natural Resources by 10.3% in the fourth quarter. Wells Fargo & Company MN now owns 706,198 shares of the oil and gas producer's stock valued at $21,792,000 after acquiring an additional 66,075 shares during the period. Advisory Services Network LLC grew its stake in shares of Canadian Natural Resources by 18.9% in the fourth quarter. Advisory Services Network LLC now owns 10,913 shares of the oil and gas producer's stock valued at $337,000 after acquiring an additional 1,736 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Canadian Natural Resources in the 4th quarter worth about $38,441,000. 74.03% of the stock is owned by institutional investors and hedge funds.

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).

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