Can Canadian Natural Resources Limited’s Tomorrow be Different? The Stock Declines Again

 Can Canadian Natural Resources Limited's Tomorrow be Different? The Stock Declines Again

The stock of Canadian Natural Resources Limited (TSE:CNQ) is a huge mover today! About 406,802 shares traded hands. Canadian Natural Resources Limited (TSE:CNQ) has risen 21.41% since April 7, 2016 and is uptrending. It has outperformed by 15.27% the S&P500.
The move comes after 7 months negative chart setup for the $45.31B company. It was reported on Nov, 11 by Barchart.com. We have $38.38 PT which if reached, will make TSE:CNQ worth $2.72 billion less.

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 3.67% above today’s ($40.83) stock price. Canadian Natural Resources Limited has been the topic of 26 analyst reports since August 22, 2015 according to StockzIntelligence Inc. As per Monday, October 17, the company rating was maintained by RBC Capital Markets. As per Monday, January 25, the company rating was maintained by RBC Capital Markets. The stock of Canadian Natural Resources Limited (TSE:CNQ) earned “Neutral” rating by JP Morgan on Wednesday, August 26. Desjardins Securities maintained the stock with “” rating in Tuesday, June 28 report. As per Monday, November 9, the company rating was downgraded by FirstEnergy Capital. On Monday, June 6 the stock rating was maintained by Raymond James with “”. Scotia Capital maintained Canadian Natural Resources Limited (TSE:CNQ) on Friday, November 4 with “Outperform” rating. On Monday, August 29 the stock rating was upgraded by RBC Capital Markets to “Top Pick”.

More notable 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 with their article: “Canadian Natural Resources Limited Goes to War With TransCanada Corporation” published on November 05, 2016, Business.Financialpost.com published: “TransCanada gas toll talks making progress with Canadian Natural Resources, Encana” on November 03, 2016. More interesting news about Canadian Natural Resources Limited (TSE:CNQ) were released by: Fool.ca and their article: “Why Canadian Natural Resources Limited Will Surprise Investors to the Upside” published on October 25, 2016 as well as Fool.ca‘s news article titled: “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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment