Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity in a report released on Tuesday. They currently have a $50.00 price objective on the oil and gas producer’s stock. Canaccord Genuity’s price objective indicates a potential upside of 87.09% from the stock’s previous close.

CNQ has been the topic of a number of other research reports. Zacks Investment Research cut Canadian Natural Resource from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Royal Bank of Canada cut Canadian Natural Resource from a “top pick” rating to an “outperform” rating and set a $38.40 price target on the stock. in a research report on Thursday, September 20th. They noted that the move was a valuation call. Macquarie cut Canadian Natural Resource from an “outperform” rating to a “neutral” rating in a research report on Tuesday, October 9th. Raymond James reaffirmed a “buy” rating on shares of Canadian Natural Resource in a research report on Friday, November 2nd. Finally, Morgan Stanley dropped their price target on Canadian Natural Resource from $64.00 to $60.00 and set an “overweight” rating on the stock in a research report on Friday, October 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company’s stock. Canadian Natural Resource has a consensus rating of “Hold” and a consensus price target of $46.08.

Shares of NYSE CNQ traded up $0.46 during trading on Tuesday, reaching $26.73. 368,436 shares of the stock traded hands, compared to its average volume of 3,766,984. Canadian Natural Resource has a 52-week low of $26.13 and a 52-week high of $38.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.92 and a quick ratio of 0.69. The stock has a market capitalization of $32.99 billion, a PE ratio of 32.20, a P/E/G ratio of 1.65 and a beta of 1.37.

Canadian Natural Resource (NYSE:CNQ) (TSE:CNQ) last issued its quarterly earnings results on Thursday, November 1st. The oil and gas producer reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.45. Canadian Natural Resource had a return on equity of 12.33% and a net margin of 15.94%. The firm had revenue of $4.51 billion for the quarter, compared to analysts’ expectations of $4.71 billion. During the same quarter in the prior year, the firm earned $0.19 EPS. As a group, equities analysts expect that Canadian Natural Resource will post 2.73 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in CNQ. Acadian Asset Management LLC increased its stake in Canadian Natural Resource by 192.9% in the 2nd quarter. Acadian Asset Management LLC now owns 8,200 shares of the oil and gas producer’s stock worth $296,000 after acquiring an additional 5,400 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Canadian Natural Resource by 0.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,782,623 shares of the oil and gas producer’s stock worth $100,369,000 after acquiring an additional 20,141 shares during the last quarter. Atlas Capital Advisors LLC increased its stake in Canadian Natural Resource by 760.4% in the 2nd quarter. Atlas Capital Advisors LLC now owns 26,363 shares of the oil and gas producer’s stock worth $951,000 after acquiring an additional 23,299 shares during the last quarter. Aperio Group LLC increased its position in shares of Canadian Natural Resource by 5.6% during the 2nd quarter. Aperio Group LLC now owns 320,934 shares of the oil and gas producer’s stock valued at $11,576,000 after purchasing an additional 17,011 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of Canadian Natural Resource by 8.2% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 31,638 shares of the oil and gas producer’s stock valued at $1,141,000 after purchasing an additional 2,388 shares during the last quarter. Institutional investors and hedge funds own 66.40% of the company’s stock.

Canadian Natural Resource Company Profile

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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