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Canadian Natrl Res (NYSE:CNQ) Downgraded to Market Perform Rating by Analysts at Wells Fargo from Outperform

Wells Fargo Analyst Rating Change Canadian Natrl Res NYSE:CNQ

Canadian Natrl Res (NYSE:CNQ) Rating Change

Canadian Natrl Res (NYSE:CNQ) was lowered by equity research analysts at Wells Fargo from Outperform rating to Market Perform rating in a note revealed on Wednesday morning.

The company’s rating downgrade was most probably noticed by stock traders, as NYSE:CNQ is at the moment trading -0.28% lower at $32.10 as of 4:09 AM New York time. Canadian Natrl Res’s stock is 0% in the last 200 days. It has underperformed the S&P500, which has gained 6.00% in the same time period.

According to data compiled by Thomson Reuters, Canadian Natrl Res (NYSE:CNQ)’s stock is covered by 9 equity analysts across the Street, with 0 analysts giving it a Sell rating, 9 a Buy rating, while 2 consider it a Hold. The 12-month consensus target price for the stock is $29.67, which reflects an downside potential of 7.57% over the current price.

CNQ Stock Chart

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 down -0.28% on 7 February, hitting $32.1. A total of 1.46 million shares of the company’s stock traded hands. This is down from average of 2.05 million 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 $39.02 billion and a P/E ratio of 28.59.

Get the latest Canadian Natrl Res (NYSE:CNQ) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

The post Canadian Natrl Res (NYSE:CNQ) Downgraded to Market Perform Rating by Analysts at Wells Fargo from Outperform appeared first on Octafinance.



This post first appeared on Octafinance – Financial News, Reports And Intell, please read the originial post: here

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Canadian Natrl Res (NYSE:CNQ) Downgraded to Market Perform Rating by Analysts at Wells Fargo from Outperform

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