Zacks Rating on Canadian Natural Resources Limited (CNQ)

Canadian Natural Resources Limited (CNQ) has an average broker rating of 1.67, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Canadian Natural Resources Limited (CNQ) : The consensus price target for Canadian Natural Resources Limited (CNQ) is $35.58 for the short term with a standard deviation of $7.46. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $50, however, the pessimist price target for the company is $26.


Canadian Natural Resources Limited has dropped 0.28% in the last five trading days, however, the shares have posted positive gains of 7.15% in the last 4 weeks. Canadian Natural Resources Limited is up 11.99% in the last 3-month period. Year-to-Date the stock performance stands at 49.49%. Canadian Natural Resources Limited (NYSE:CNQ): stock turned positive on Tuesday. Though the stock opened at $32.21, the bulls momentum made the stock top out at $32.46 level for the day. The stock recorded a low of $32.05 and closed the trading day at $32.22, in the green by 0.16%. The total traded volume for the day was 1,189,769. The stock had closed at $32.17 in the previous days trading.

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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