What’s Ahead for Canadian Natural Resources Limited After Today’s Huge Decline?


The stock of Canadian Natural Resources Limited (TSE:CNQ) is a huge mover today! The stock decreased 3.75% or $1.51 on September 13, hitting $38.8. About 2.11M shares traded hands or 31.06% up from the average. Canadian Natural Resources Limited (TSE:CNQ) has risen 33.43% since February 5, 2016 and is uptrending. It has outperformed by 16.94% the S&P500.
The move comes after 9 months negative chart setup for the $43.10B company. It was reported on Sep, 14 by Barchart.com. We have $36.47 PT which if reached, will make TSE:CNQ worth $2.59 billion less.

Out of 7 analysts covering Canadian Natural Resources Limited (TSE:CNQ), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. $51 is the highest target while $30 is the lowest. The $39.70 average target is 2.32% above today’s ($38.8) stock price. Canadian Natural Resources Limited has been the topic of 17 analyst reports since November 6, 2015 according to StockzIntelligence Inc. RBC Capital Markets upgraded the stock on August 29 to “Top Pick” rating.

Canadian Natural Resources Limited is an independent natural gas and crude oil exploration, development and production company. The company has a market cap of $43.10 billion. The Firm is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids . It currently has negative earnings. The Company’s exploration and production activities are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea and Cote d’Ivoire, Gabon, and South Africa in Offshore Africa.

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