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Canadian Natrl Res (NYSE:CNQ)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Friday, Analyst RN reports. They currently have a $36.00 price objective on the stock. Zacks‘ price target suggests a potential upside of 5.11% from the company’s current price.

Zacks‘ analyst wrote, “We are maintaining our Neutral investment thesis on Canadian Natural Resources, reflecting a balanced risk/reward profile. The company’s large, diversified oil and gas asset bases, together with international exposure and a well-balanced blend of conventional and unconventional prospects, provides a buffer against uncertainties in the sector. Other positives for CNQ include its active hedging policy, competitive cost structure, strong balance sheet and robust free cash flow. However, the company s exposure to the inherently cyclical and volatile E&P sector offsets these strengths and remains a key area of concern, in our view. The stock has also been held back by operational challenges, continued volatility in natural gas prices and a fresh round of cost inflation in the oil sands regions.”

Other equities research analysts have also recently issued reports about the stock. Analysts at Global Hunter Securities upgraded shares of Canadian Natrl Res from an “accumulate” rating to a “buy” rating in a research note to investors on Tuesday, January 21st. They now have a $44.00 price target on the stock, up previously from $40.00. Separately, analysts at BMO Capital Markets upgraded shares of Canadian Natrl Res from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, January 10th. Finally, analysts at FirstEnergy Capital downgraded shares of Canadian Natrl Res to an “outperform” rating in a research note to investors on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $38.75.

Shares of Canadian Natrl Res (NYSE:CNQ) traded up 0.09% on Friday, hitting $34.28. 1,881,075 shares of the company’s stock traded hands. Canadian Natrl Res has a 1-year low of $26.98 and a 1-year high of $34.58. The stock’s 50-day moving average is $32.90 and its 200-day moving average is $31.89. The company has a market cap of $37.225 billion and a P/E ratio of 16.65.

Canadian Natural Resources Limited (NYSE:CNQ) is an independent crude oil and natural gas exploration, development and production company.

To view Zacks’ full report, visit www.zacks.com

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