Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.

According to Zacks, “Canadian Natural Resources Limited is a senior independent oil and natural gas exploration, development and production company based in Calgary, Alberta. The Company’s operations are focused in Western Canada, the North Sea and Offshore West Africa. “

CNQ has been the topic of several other reports. Morgan Stanley increased their target price on Canadian Natural Resources Limited from $46.00 to $52.00 and gave the company an “overweight” rating in a research note on Friday, October 13th. Canaccord Genuity reiterated a “buy” rating and set a $53.00 target price on shares of Canadian Natural Resources Limited in a research note on Wednesday, November 8th. Finally, Citigroup Inc. cut Canadian Natural Resources Limited from a “buy” rating to a “neutral” rating and lowered their price target for the company from $40.00 to $33.00 in a report on Friday, July 21st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. Canadian Natural Resources Limited currently has an average rating of “Buy” and a consensus price target of $45.90.

Shares of Canadian Natural Resources Limited (CNQ) traded down $1.64 on Wednesday, reaching $34.42. The company’s stock had a trading volume of 2,818,700 shares, compared to its average volume of 2,487,297. The company has a current ratio of 0.71, a quick ratio of 0.56 and a debt-to-equity ratio of 0.67. Canadian Natural Resources Limited has a 1-year low of $27.52 and a 1-year high of $36.79. The stock has a market cap of $43,926.13, a P/E ratio of 39.63, a price-to-earnings-growth ratio of 8.66 and a beta of 1.49.

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A number of large investors have recently bought and sold shares of CNQ. FTB Advisors Inc. raised its holdings in Canadian Natural Resources Limited by 1.3% during the second quarter. FTB Advisors Inc. now owns 3,180 shares of the oil and gas producer’s stock valued at $102,000 after acquiring an additional 41 shares during the period. Integrated Investment Consultants LLC bought a new stake in Canadian Natural Resources Limited during the first quarter valued at about $103,000. Quadrant Capital Group LLC raised its holdings in Canadian Natural Resources Limited by 87.1% during the first quarter. Quadrant Capital Group LLC now owns 3,737 shares of the oil and gas producer’s stock valued at $113,000 after acquiring an additional 1,740 shares during the period. Societe Generale bought a new stake in Canadian Natural Resources Limited during the second quarter valued at about $114,000. Finally, SG Americas Securities LLC bought a new stake in Canadian Natural Resources Limited during the second quarter valued at about $114,000. 58.64% of the stock is currently owned by institutional investors and hedge funds.

Canadian Natural Resources Limited Company 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.

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Analyst Recommendations for Canadian Natural Resources Limited (NYSE:CNQ)

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