What Will Happen to Canadian Natural Resources Limited Next? The Stock Just Declined A Lot

 What Will Happen to Canadian Natural Resources Limited Next? The Stock Just Declined A Lot

The stock of Canadian Natural Resources Limited (TSE:CNQ) is a huge mover today! About 243,737 shares traded hands. Canadian Natural Resources Limited (TSE:CNQ) has risen 13.69% since April 21, 2016 and is uptrending. It has outperformed by 8.28% the S&P500.
The move comes after 8 months negative chart setup for the $47.80B company. It was reported on Nov, 25 by Barchart.com. We have $40.79 PT which if reached, will make TSE:CNQ worth $2.87 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. Canadian Natural Resources Limited has been the topic of 26 analyst reports since August 22, 2015 according to StockzIntelligence Inc. The rating was maintained by RBC Capital Markets on Monday, October 17 with “Top Pick”. The rating was downgraded by JP Morgan on Wednesday, August 26 to “Neutral”. The rating was maintained by RBC Capital Markets on Monday, January 25 with “Outperform”. The stock has “Outperform” rating given by FirstEnergy Capital on Monday, November 9. Raymond James maintained the shares of CNQ in a report on Monday, June 6 with “” rating. The company was upgraded on Monday, August 29 by RBC Capital Markets. On Friday, November 4 the stock rating was maintained by Scotia Capital with “Outperform”. The rating was maintained by Desjardins Securities with “” on Tuesday, June 28.

More news for Canadian Natural Resources Limited (TSE:CNQ) were recently published by: Business.Financialpost.com, which released: “Canadian Natural Resources Ltd makes itself OPEC-proof by raising dividend …” on November 03, 2016. Fool.ca‘s article titled: “Canadian Natural Resources Limited Goes to War With TransCanada Corporation” and published on November 05, 2016 is yet another important article.

Canadian Natural Resources Limited is an independent natural gas and crude oil exploration, development and production company. The company has a market cap of $47.80 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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