Investors sold shares of Canadian Natural Resources Ltd (NYSE:CNQ) (TSE:CNQ) on strength during trading hours on Monday. $5.34 million flowed into the stock on the tick-up and $47.59 million flowed out of the stock on the tick-down, for a money net flow of $42.25 million out of the stock. Of all companies tracked, Canadian Natural Resources had the 33rd highest net out-flow for the day. Canadian Natural Resources traded up $0.36 for the day and closed at $26.09
A number of research firms have recently commented on CNQ. Canaccord Genuity reissued a “buy” rating and set a $50.00 target price on shares of Canadian Natural Resources in a research report on Tuesday, November 20th. Zacks Investment Research raised shares of Canadian Natural Resources from a “strong sell” rating to a “hold” rating in a research report on Monday. TD Securities reissued a “buy” rating on shares of Canadian Natural Resources in a research report on Friday, December 7th. BMO Capital Markets reissued a “buy” rating on shares of Canadian Natural Resources in a research report on Thursday, December 6th. Finally, Credit Suisse Group began coverage on shares of Canadian Natural Resources in a research report on Monday, January 28th. They set an “outperform” rating and a $48.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $43.86.
The company has a current ratio of 0.92, a quick ratio of 0.69 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $32.55 billion, a P/E ratio of 32.22, a price-to-earnings-growth ratio of 4.58 and a beta of 1.21.
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About Canadian Natural Resources (NYSE:CNQ)
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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