Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) shares gapped down before the market opened on Wednesday . The stock had previously closed at $32.49, but opened at $31.93. Canadian Natural Resource shares last traded at $31.04, with a volume of 2593505 shares changing hands.
A number of research analysts have commented on the stock. Zacks Investment Research downgraded shares of Canadian Natural Resource from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. AltaCorp Capital restated a “buy” rating and issued a $52.00 price target on shares of Canadian Natural Resource in a report on Monday, January 15th. Wells Fargo & Co cut shares of Canadian Natural Resource from an “outperform” rating to a “market perform” rating in a report on Tuesday. Canaccord Genuity restated a “buy” rating and issued a $48.00 price target on shares of Canadian Natural Resource in a report on Thursday, November 2nd. Finally, Morgan Stanley raised their price target on shares of Canadian Natural Resource from $52.00 to $58.00 and gave the company an “overweight” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $47.71.
The stock has a market capitalization of $37,372.54, a price-to-earnings ratio of 17.61, a price-to-earnings-growth ratio of 2.63 and a beta of 1.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.56 and a current ratio of 0.71.
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About Canadian Natural Resource
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.
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