Is Canadian Natural Resources Limited’s Fuel For Real? The Stock Just Has Increased Again

 Is Canadian Natural Resources Limited's Fuel For Real? The Stock Just Has Increased Again

The stock of Canadian Natural Resources Limited (TSE:CNQ) is a huge mover today! About 1.01M shares traded hands. Canadian Natural Resources Limited (TSE:CNQ) has risen 17.13% since April 27, 2016 and is uptrending. It has outperformed by 11.21% the S&P500.
The move comes after 5 months positive chart setup for the $55.99 billion company. It was reported on Dec, 1 by Barchart.com. We have $48.41 PT which if reached, will make TSE:CNQ worth $2.24 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 -9.07% below today’s ($46.55) stock price. 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 Raymond James on Monday, June 6 with “”. On Friday, November 4 the stock rating was maintained by Scotia Capital with “Outperform”. RBC Capital Markets maintained Canadian Natural Resources Limited (TSE:CNQ) on Monday, October 17 with “Top Pick” rating. The stock of Canadian Natural Resources Limited (TSE:CNQ) earned “Outperform” rating by RBC Capital Markets on Monday, January 25. The rating was downgraded by JP Morgan to “Neutral” on Wednesday, August 26. FirstEnergy Capital downgraded the stock to “Outperform” rating in Monday, November 9 report. The firm earned “Top Pick” rating on Monday, August 29 by RBC Capital Markets. Desjardins Securities maintained it with “” rating and $41 target price in Tuesday, June 28 report.

More 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 the news titled: “Did TransCanada Corporation Just Cost Canadian Natural Resources Limited …” on November 25, 2016. Fool.ca‘s news article titled: “Canadian Natural Resources Limited Goes to War With TransCanada Corporation” with publication date: November 05, 2016 was also an interesting one.

Canadian Natural Resources Limited is an independent natural gas and crude oil exploration, development and production company. The company has a market cap of $55.99 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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