Stock On Watch: Could Canadian Natural Resource Ltd (USA) Decline After Today’s Huge Increase?

Stock On Watch: Could Canadian Natural Resource Ltd (USA) Decline After Today's Huge Increase?

The stock of Canadian Natural Resource Ltd (USA) (NYSE:CNQ) is a huge mover today! About 1.39 million shares traded hands. Canadian Natural Resource Ltd (USA) (NYSE:CNQ) has risen 29.22% since March 8, 2016 and is uptrending. It has outperformed by 19.90% the S&P500.
The move comes after 6 months positive chart setup for the $36.13 billion company. It was reported on Oct, 11 by We have $39.63 PT which if reached, will make NYSE:CNQ worth $7.95 billion more.

Analysts await Canadian Natural Resource Ltd (USA) (NYSE:CNQ) to report earnings on November, 3. They expect $-0.14 EPS, down 200.00% or $0.28 from last year’s $0.14 per share. After $-0.24 actual EPS reported by Canadian Natural Resource Ltd (USA) for the previous quarter, Wall Street now forecasts -41.67% EPS growth.

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. Scotia Capital maintained Canadian Natural Resource Ltd (USA) (NYSE:CNQ) rating on Friday, August 7. Scotia Capital has “Sector Outperform” rating and $21 price target. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, June 16. The firm has “Hold” rating by TD Securities given on Friday, April 1. RBC Capital Markets maintained Canadian Natural Resource Ltd (USA) (NYSE:CNQ) on Friday, November 6 with “Outperform” rating. Macquarie Research downgraded the stock to “Neutral” rating in Friday, January 8 report. The firm has “Overweight” rating by JP Morgan given on Wednesday, August 26. Citigroup maintained the stock with “Neutral” rating in Monday, September 14 report. Citigroup maintained the stock with “Buy” rating in Thursday, April 7 report. The firm has “Buy” rating given on Friday, August 19 by Bank of America. Morgan Stanley downgraded the shares of CNQ in a report on Tuesday, January 12 to “Equal-Weight” 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.”

More notable recent Canadian Natural Resource Ltd (USA) (NYSE:CNQ) news were published by: which released: “Canadian Natural Resources Limited Is Ramping Production: Will Earnings Growth …” on June 20, 2016, also with their article: “Better Buy: Cenovus Energy Inc. vs. Canadian Natural Resources Limited” published on May 30, 2016, published: “What Does the Future Hold for Canadian Natural Resources Limited?” on August 23, 2016. More interesting news about Canadian Natural Resource Ltd (USA) (NYSE:CNQ) were released by: and their article: “Will Canadian Natural Resources Limited Survive Another Oil Plunge?” published on June 08, 2016 as well as‘s news article titled: “Why Canadian Natural Resources Limited Is Really Looking Forward to the Future” with publication date: March 15, 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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