Canadian Natural Resources (CNQ) Research Coverage Started at Evercore ISI

Stock analysts at Evercore ISI assumed coverage on shares of Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) in a research report issued on Wednesday. The brokerage set an “in-line” rating on the oil and gas producer’s stock.

Several other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Canadian Natural Resources from a “hold” rating to a “sell” rating in a research note on Tuesday. Mizuho assumed coverage on shares of Canadian Natural Resources in a research note on Monday. They set a “buy” rating and a $45.00 price objective on the stock. Royal Bank of Canada reiterated a “buy” rating on shares of Canadian Natural Resources in a research note on Tuesday, March 5th. ValuEngine lowered shares of Canadian Natural Resources from a “hold” rating to a “sell” rating in a research note on Tuesday, March 5th. Finally, Raymond James reiterated a “buy” rating on shares of Canadian Natural Resources in a research note on Friday, February 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $44.00.

CNQ opened at $28.02 on Wednesday. The stock has a market cap of $32.82 billion, a P/E ratio of 13.03, a price-to-earnings-growth ratio of 4.51 and a beta of 1.18. Canadian Natural Resources has a fifty-two week low of $21.85 and a fifty-two week high of $38.20. The company has a current ratio of 0.63, a quick ratio of 0.43 and a debt-to-equity ratio of 0.61.



Several large investors have recently made changes to their positions in CNQ. IFP Advisors Inc increased its stake in shares of Canadian Natural Resources by 71.7% in the fourth quarter. IFP Advisors Inc now owns 1,042 shares of the oil and gas producer’s stock valued at $25,000 after purchasing an additional 435 shares during the period. Bremer Trust National Association acquired a new stake in shares of Canadian Natural Resources in the fourth quarter valued at approximately $28,000. Worth Venture Partners LLC acquired a new stake in shares of Canadian Natural Resources in the third quarter valued at approximately $131,000. Quadrant Capital Group LLC increased its stake in shares of Canadian Natural Resources by 7.9% in the fourth quarter. Quadrant Capital Group LLC now owns 6,183 shares of the oil and gas producer’s stock valued at $142,000 after purchasing an additional 454 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Canadian Natural Resources by 19,853.3% in the third quarter. Tower Research Capital LLC TRC now owns 5,986 shares of the oil and gas producer’s stock valued at $197,000 after purchasing an additional 5,956 shares during the period. Institutional investors own 65.86% of the company’s stock.

About Canadian Natural Resources

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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Analyst Recommendations for Canadian Natural Resources (NYSE:CNQ)

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