Canadian Natural Resources Limited (CNQ) has risen sharply, recording gains of 5.52% in the past 4 weeks. However, the stock has corrected -1.88% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 5.75% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.47% and the fifty day Moving Average is 2.99%. Canadian Natural Resources Limited is up 7.64% in the last three month period. Year-to-Date the stock performance stands at 48%.
Canadian Natural Resources Limited (CNQ) : 7 investment research analysts covering Canadian Natural Resources Limited (CNQ) have an average price target of $35.58 for the near short term. The highest target price given by the Brokerage Firm to the stock is $50 and the lowest target is $26 for the short term. Analysts expect the variance to be within $7.46 of the average price.
Canadian Natural Resources Limited (NYSE:CNQ): On Fridays trading session , Opening price of the stock was $32.14 with an intraday high of $32.63. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $31.76. However, the stock managed to close at $31.9, a loss of 0.28% for the day. On the previous day, the stock had closed at $31.99. The total traded volume of the day was 1,490,500 shares.
Canadian Natural Resources Limited is an independent crude oil and natural gas producer. The Companys 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.