Canadian Natural Resource Ltd (NYSE:CNQ) (TSE:CNQ) was the recipient of unusually large options trading on Tuesday. Traders bought 3,540 call options on the company. This represents an increase of approximately 849% compared to the typical volume of 373 call options.

Canadian Natural Resource (CNQ) traded up $1.07 on Wednesday, reaching $31.72. The company’s stock had a trading volume of 3,413,539 shares, compared to its average volume of 2,683,956. The company has a quick ratio of 0.56, a current ratio of 0.71 and a debt-to-equity ratio of 0.67. The stock has a market cap of $37,510.00, a PE ratio of 17.60, a price-to-earnings-growth ratio of 2.61 and a beta of 1.36. Canadian Natural Resource has a 52 week low of $27.52 and a 52 week high of $37.63.

Institutional investors and hedge funds have recently bought and sold shares of the business. Icon Wealth Partners LLC purchased a new stake in Canadian Natural Resource in the 4th quarter valued at about $127,000. Premia Global Advisors LLC purchased a new stake in Canadian Natural Resource in the 4th quarter valued at about $145,000. Calton & Associates Inc. purchased a new stake in Canadian Natural Resource in the 4th quarter valued at about $178,000. Lucas Capital Management purchased a new stake in Canadian Natural Resource in the 3rd quarter valued at about $203,000. Finally, Eqis Capital Management Inc. purchased a new stake in Canadian Natural Resource in the 4th quarter valued at about $205,000. Institutional investors own 58.87% of the company’s stock.

CNQ has been the subject of a number of recent research reports. Canaccord Genuity reiterated a “buy” rating and set a $53.00 price objective on shares of Canadian Natural Resource in a research report on Wednesday, November 8th. Zacks Investment Research cut Canadian Natural Resource from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Morgan Stanley lifted their price objective on Canadian Natural Resource from $52.00 to $58.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. AltaCorp Capital reiterated a “buy” rating and set a $52.00 price objective on shares of Canadian Natural Resource in a research report on Monday, January 15th. Finally, Wells Fargo & Co cut Canadian Natural Resource from an “outperform” rating to a “market perform” rating in a research report on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and two have given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $47.71.

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Canadian Natural Resource 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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