Today Canadian Natural Resource Ltd (USA) Had High Bearish Options Activity

 Today Canadian Natural Resource Ltd (USA) Had High Bearish Options Activity

In today’s session Canadian Natural Resource Ltd (USA) (CNQ) recorded an unusually high (202) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2018 put, expecting serious CNQ decrease. With 202 contracts traded and 2274 open interest for the Jan, 18 contract, it seems this is a quite bearish bet. The option with symbol: CNQ180119P00015000 closed last at: $1.05 or 5% up. About 501,558 shares traded hands. Canadian Natural Resource Ltd (USA) (NYSE:CNQ) has risen 7.66% since April 21, 2016 and is uptrending. It has outperformed by 2.33% the S&P500.

Analysts await Canadian Natural Resource Ltd (USA) (NYSE:CNQ) to report earnings on March, 2.

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 of Canadian Natural Resource Ltd (USA) (NYSE:CNQ) earned “Outperform” rating by Macquarie Research on Friday, August 5. The stock of Canadian Natural Resource Ltd (USA) (NYSE:CNQ) has “Outperform” rating given on Friday, November 6 by RBC Capital Markets. The firm earned “Sector Outperform” rating on Friday, August 7 by Scotia Capital. The company was upgraded on Friday, August 7 by Raymond James. The firm has “Buy” rating by Citigroup given on Thursday, April 7. The rating was downgraded by Morgan Stanley on Tuesday, January 12 to “Equal-Weight”. The rating was downgraded by TD Securities on Friday, April 1 to “Hold”. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, June 16 report. On Tuesday, December 15 the stock rating was maintained by JP Morgan with “Neutral”. Citigroup maintained Canadian Natural Resource Ltd (USA) (NYSE:CNQ) on Monday, September 14 with “Neutral” rating.

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.”

Canadian Natural Resources Limited is an independent natural gas and crude oil exploration, development and production company. The company has a market cap of $36.47 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 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.

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: “Why Canadian Natural Resources Limited Will Surprise Investors to the Upside” published on October 25, 2016, Fool.ca published: “Canadian Natural Resources Limited: Why Is Cash Flow Plunging?” on September 06, 2016. More interesting news about Canadian Natural Resource Ltd (USA) (NYSE:CNQ) were released by: Fool.ca and their article: “3 Great Reasons to Buy Canadian Natural Resources Limited” published on October 17, 2016 as well as Fool.ca‘s news article titled: “Better Buy: Cenovus Energy Inc. vs. Canadian Natural Resources Limited” with publication date: May 30, 2016.

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