Canadian Natural Resources Limited (NYSE:CNQ) Short Interest Update

Canadian Natural Resources Limited (NYSE:CNQ) (TSE:CNQ) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totalling 7,620,000 shares, a decrease of 93.0% from the December 15th total of 109,510,000 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 4,180,000 shares, the short-interest ratio is currently 1.8 days.

Institutional Investors Weigh In On Canadian Natural Resources

Hedge funds and other institutional investors have recently made changes to their positions in the business. Continuum Advisory LLC raised its holdings in shares of Canadian Natural Resources by 144.1% during the 3rd quarter. Continuum Advisory LLC now owns 830 shares of the oil and gas producer’s stock worth $28,000 after buying an additional 490 shares in the last quarter. Coastline Trust Co acquired a new stake in Canadian Natural Resources in the 3rd quarter valued at $33,000. Wilmington Savings Fund Society FSB acquired a new position in Canadian Natural Resources during the 3rd quarter valued at about $37,000. Sound Income Strategies LLC bought a new stake in shares of Canadian Natural Resources in the 3rd quarter worth $46,000. Finally, First Horizon Advisors Inc. lifted its position in shares of Canadian Natural Resources by 58.4% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,432 shares of the oil and gas producer’s stock worth $48,000 after buying an additional 528 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “moderate buy” rating in a report on Tuesday, October 8th. Four research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Canadian Natural Resources has a consensus rating of “Hold”.

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock traded down $1.14 during trading hours on Monday, hitting $31.60. The company had a trading volume of 10,848,876 shares, compared to its average volume of 5,842,162. Canadian Natural Resources has a one year low of $29.23 and a one year high of $41.29. The firm has a market cap of $66.57 billion, a PE ratio of 12.27 and a beta of 1.46. The firm has a 50-day moving average of $32.50 and a 200 day moving average of $34.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.84 and a quick ratio of 0.53.

Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) last announced its earnings results on Thursday, October 31st. The oil and gas producer reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.30. Canadian Natural Resources had a return on equity of 20.07% and a net margin of 18.45%. The company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $6.40 billion. During the same quarter last year, the company earned $0.96 earnings per share. On average, sell-side analysts expect that Canadian Natural Resources will post 2.47 earnings per share for the current year.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).