Canadian Natural Resource (CNQ) PT Lowered to C$50.00
Canadian Natural Resource (TSE:CNQ) (NYSE:CNQ) had its price target lowered by analysts at Morgan Stanley from C$60.00 to C$50.00 in a research note issued to investors on Tuesday. Morgan Stanley’s price target indicates a potential upside of 40.33% from the stock’s previous close.
Several other research firms have also weighed in on CNQ. Royal Bank of Canada lowered Canadian Natural Resource from a “top pick” rating to an “outperform” rating and reduced their target price for the stock from C$58.00 to C$55.00 in a report on Thursday, September 20th. BMO Capital Markets reduced their target price on Canadian Natural Resource from C$60.00 to C$58.00 in a report on Tuesday, October 9th. CIBC reiterated an “outperform” rating and set a C$55.00 target price on shares of Canadian Natural Resource in a report on Friday, October 5th. Canaccord Genuity reduced their target price on Canadian Natural Resource from C$60.00 to C$55.00 in a report on Wednesday, October 24th. Finally, Cormark reduced their target price on Canadian Natural Resource from C$58.00 to C$55.00 in a report on Tuesday, October 9th. Five investment analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus price target of C$56.77.
Shares of Canadian Natural Resource stock opened at C$35.63 on Tuesday. The company has a debt-to-equity ratio of 59.09, a current ratio of 0.92 and a quick ratio of 0.61. Canadian Natural Resource has a 12 month low of C$34.75 and a 12 month high of C$49.08.
About Canadian Natural Resource
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.
Featured Article: Fundamental Analysis and Individual Investors
Receive News & Ratings for Canadian Natural Resource Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resource and related companies with MarketBeat.com's FREE daily email newsletter.