Impact of Brokerage Rating on Canadian Natural Resources Limited(CNQ)

Many Canadian Natural Resources Limited(CNQ) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Canadian Natural Resource Ltd (USA) was Upgraded by Desjardins to Buy on Feb 2, 2017. Canadian Natural Resource Ltd (USA) was Initiated by Wells Fargo to Outperform on Dec 16, 2016.

Canadian Natural Resource Ltd (USA) Last issued its quarterly earnings results on Mar 3, 2016. The company reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.08. Analyst had a consensus of $-0.12. The company had revenue of $2793.00 million for the quarter, compared to analysts expectations of $2658.22 million. The companys revenue was down -36.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.10 EPS.

Canadian Natural Resources Limited (NYSE:CNQ) shares are expected to touch $36.5 in the short term. This short term price target has been shared by 6 analysts. However, the standard deviation of short term price estimate has been valued at 7.7. The target price could hit $50 on the higher end and $26 on the lower end.

Canadian Natural Resources Limited (NYSE:CNQ) rose 1.37% or 0.41 points on Tuesday and made its way into the gainers of the day. After trading began at $30.05 the stock was seen hitting $30.39 as a peak level and $29.86 as the lowest level. The stock ended up at $30.36. The daily volume was measured at 2,362,747 shares. The 52-week high of the share price is $35.28 and the 52-week low is $19.045. The company has a market cap of $33,520 million.

Canadian Natural Resources Limited is a senior independent oil and natural gas exploration, development and production company based in Calgary, Alberta. The Companys operations are focused in Western Canada, the North Sea and Offshore West Africa.

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