Canadian Natural Resources Limited (CNQ) Shares Slide -4.4%

Canadian Natural Resources Limited (CNQ) : During the past 4 weeks, traders have been relatively bearish on Canadian Natural Resources Limited (CNQ), hence the stock is down -5.41% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -4.33% relative to the S&P 500. The 4-week change in the price of the stock is -2.23% and the stock has fallen -4.4% in the past 1 week.

The stock has recorded a 20-day Moving Average of 2.83% and the 50-Day Moving Average is 0.43%. Canadian Natural Resources Limited is up 1.33% in the last 3-month period. Year-to-Date the stock performance stands at 40.25%.


Canadian Natural Resources Limited (NYSE:CNQ): stock turned positive on Friday. Though the stock opened at $29.54, the bulls momentum made the stock top out at $30.3 level for the day. The stock recorded a low of $29.53 and closed the trading day at $30.23, in the green by 1.41%. The total traded volume for the day was 2,535,925. The stock had closed at $29.81 in the previous days trading.

Also, Equity analysts at the Brokerage firm Citigroup maintains its rating on Canadian Natural Resources Limited (NYSE:CNQ). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup raises the price target from $28.63 per share to $34 per share. The rating by the firm was issued on June 17, 2016.

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.

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