The stock of Canadian Natural Resource Ltd (USA) (NYSE:CNQ) is a huge mover today! About 1.21 million shares traded hands. Canadian Natural Resource Ltd (USA) (NYSE:CNQ) has risen 5.33% since April 13, 2016 and is uptrending. It has outperformed by 1.40% the S&P500.
The move comes after 8 months positive chart setup for the $35.37B company. It was reported on Nov, 15 by Barchart.com. We have $44.41 PT which if reached, will make NYSE:CNQ worth $14.15 billion more.
Canadian Natural Resource Ltd (USA) (NYSE:CNQ) Ratings Coverage
Out of 11 analysts covering Canadian Natural Resources Limited (NYSE:CNQ), 8 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 73% are positive. Canadian Natural Resources Limited has been the topic of 22 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Macquarie Research on Friday, January 8. The stock of Canadian Natural Resource Ltd (USA) (NYSE:CNQ) has “Outperform” rating given on Wednesday, September 9 by Raymond James. On Monday, September 14 the stock rating was maintained by Citigroup with “Neutral”. The firm earned “Hold” rating on Friday, April 1 by TD Securities. The firm has “Outperform” rating by RBC Capital Markets given on Friday, November 6. The stock has “Sector Outperform” rating given by Scotia Capital on Friday, August 7. The company was upgraded on Friday, August 7 by Raymond James. RBC Capital Markets maintained the shares of CNQ in a report on Thursday, June 16 with “Buy” rating. Morgan Stanley downgraded Canadian Natural Resource Ltd (USA) (NYSE:CNQ) on Tuesday, January 12 to “Equal-Weight” rating. The firm earned “Buy” rating on Thursday, April 7 by Citigroup.
According to Zacks Investment Research, “Canadian Natural Resources Limited is a senior independent oil and natural gas exploration, development and production company based in Calgary, Alberta. The Company’s operations are focused in Western Canada, the North Sea and Offshore West Africa.”
More notable recent Canadian Natural Resource Ltd (USA) (NYSE:CNQ) news were published by: Fool.ca which released: “Canadian Natural Resources Limited Goes to War With TransCanada Corporation” on November 05, 2016, also Fool.ca with their article: “Canadian Natural Resources Limited: Why Is Cash Flow Plunging?” published on September 06, 2016, Fool.ca published: “Why Canadian Natural Resources Limited Will Surprise Investors to the Upside” on October 25, 2016. More interesting news about Canadian Natural Resource Ltd (USA) (NYSE:CNQ) were released by: Fool.ca and their article: “Better Buy: Cenovus Energy Inc. vs. Canadian Natural Resources Limited” published on May 30, 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.
CNQ 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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