Canadian Natrl Res (NYSE:CNQ) Rating Change

In analysts note sent to clients and investors on Wednesday morning, research professionals at Morgan Stanley’s equities research division upped Canadian Natrl Res (NYSE:CNQ)’s stock from “Equal-Weight” to “Overweight”.

Out of 9 analysts covering Canadian Natrl Res, 9 rate it a Buy, 2 indicate a Hold while 0 suggest a Sell. The highest target is $34.33 and the lowest is $26.7 according to Thomson/First Call. The 12-month mean target is $29.67, which means downside potential of 2.47% over the current price.

Canadian Natrl Res (NYSE:CNQ) Profile

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.

Canadian Natrl Res (NYSE:CNQ) traded up 1.67% on 19 July, hitting $30.42. A total of 741,386 shares of the company’s stock traded hands. This is down from average of 2.36M shares. Canadian Natrl Res has a 52 week low of $27.52 and a 52 week high of $35.28. The company has a market cap of $37.54B and a P/E ratio of 307.18.

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