Macquarie Upgrades Canadian Natural Resource Ltd (USA) to Outperform

Brokerage firm Macquarie Upgrades its rating on Canadian Natural Resource Ltd (USA)(NYSE:CNQ). The shares have been rated Outperform. Previously, the analysts had a Neutral rating on the shares. The rating by Macquarie was issued on Aug 5, 2016.

In a different note, On Jun 17, 2016, Citigroup said it Maintains its rating on Canadian Natural Resource Ltd (USA). In the research note, the firm Raises the price-target to $28.63 per share. The shares have been rated ‘Buy’ by the firm. On Jun 16, 2016, RBC Capital said it Maintains its rating on Canadian Natural Resource Ltd (USA). In the research note, the firm Raises the price-target to $33.02 per share. The shares have been rated ‘Buy’ by the firm.

Canadian Natural Resource Ltd (USA) (CNQ) made into the market gainers list on Wednesdays trading session with the shares advancing 0.28% or 0.09 points. Due to strong positive momentum, the stock ended at $32.4, which is also near the day’s high of $32.505. The stock began the session at $32.22 and the volume stood at 24,88,537 shares. The 52-week high of the shares is $32.645 and the 52 week low is $14.6. The company has a current market capitalization of $35,690 M and it has 1,10,15,40,000 shares in outstanding.

Canadian Natural Resource Ltd (USA)(CNQ) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.98B. Analysts had an estimated revenue of $1.79B. Earnings per share were $-0.15. Analysts had estimated an EPS of $-0.20.

Canadian Natural Resources Limited is an independent crude oil and natural gas producer. The Company’s diversified balanced resource base consists of both dry and liquids-rich natural gas heavy crude oil bitumen medium and light crude oil and synthetic crude oil. Its reserves were approximately 8.89 billion barrel of oil equivalent. Its segments include North America North Sea Offshore Africa Oil Sands Mining and Upgrading and Midstream. It has a portfolio of assets with production and development of both natural gas and crude oil. North America serve as its main operations with international exposure provided through operations in the United Kingdom portion of the North Sea and Offshore Africa.

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