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

 What's Ahead for Canadian Natural Resources Limited After Today's Huge Increase?

The stock of Canadian Natural Resources Limited (TSE:CNQ) is a huge mover today! About 256,223 shares traded hands. Canadian Natural Resources Limited (TSE:CNQ) has risen 21.83% since April 5, 2016 and is uptrending. It has outperformed by 17.05% the S&P500.
The move comes after 7 months positive chart setup for the $45.31 billion company. It was reported on Nov, 9 by Barchart.com. We have $52.06 PT which if reached, will make TSE:CNQ worth $12.23 billion more.

Canadian Natural Resources Limited (TSE:CNQ) Ratings Coverage

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 $42.33 average target is 3.27% above today’s ($40.99) stock price. Canadian Natural Resources Limited has been the topic of 26 analyst reports since August 22, 2015 according to StockzIntelligence Inc. Scotia Capital maintained Canadian Natural Resources Limited (TSE:CNQ) rating on Friday, November 4. Scotia Capital has “Outperform” rating and $44 price target. The stock of Canadian Natural Resources Limited (TSE:CNQ) has “Outperform” rating given on Monday, January 25 by RBC Capital Markets. The stock of Canadian Natural Resources Limited (TSE:CNQ) earned “Top Pick” rating by RBC Capital Markets on Monday, August 29. The rating was maintained by RBC Capital Markets with “Top Pick” on Monday, October 17. The rating was downgraded by JP Morgan on Wednesday, August 26 to “Neutral”. The firm earned “” rating on Monday, June 6 by Raymond James. The firm has “Outperform” rating by FirstEnergy Capital given on Monday, November 9. The firm has “” rating given on Tuesday, June 28 by Desjardins Securities.

More important recent Canadian Natural Resources Limited (TSE:CNQ) news were published by: Business.Financialpost.com which released: “Canadian Natural Resources Ltd makes itself OPEC-proof by raising dividend …” on November 03, 2016, also Fool.ca published article titled: “Canadian Natural Resources Limited Goes to War With TransCanada Corporation”, Fool.ca published: “Why Canadian Natural Resources Limited Will Surprise Investors to the Upside” on October 25, 2016. More interesting news about Canadian Natural Resources Limited (TSE:CNQ) was released by: Fool.ca and their article: “3 Great Reasons to Buy Canadian Natural Resources Limited” with publication date: October 17, 2016.

Canadian Natural Resources Limited is an independent natural gas and crude oil exploration, development and production company. The company has a market cap of $45.31 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.

CNQ.TO Company Profile

Canadian Natural Resources Limited, incorporated on January 6, 1985, is an independent natural gas and crude oil exploration, development and production company. The Firm is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids (NGLs). 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. The Horizon Oil Sands Mining and Upgrading segment (Horizon) produces synthetic crude oil through bitumen mining and upgrading operations. Within Western Canada, the Company maintains certain midstream activities that include pipeline operations, an electricity co-generation system and an investment in the North West Redwater Partnership (Redwater Partnership), a general partnership formed in the Province of Alberta.

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