Canadian Natural Resource Ltd (USA) (CNQ) is Reiterated by RBC Capital Mkts to Outperform, Raises Price Target to $ 50

Canadian Natural Resource Ltd (USA) (CNQ) was Reiterated by RBC Capital Mkts to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 50 from a previous price target of $43 . RBC Capital Mkts advised their investors in a research report released on Jun 14, 2016.

Many Wall Street Analysts have commented on Canadian Natural Resource Ltd (USA). Canadian Natural Resource Ltd (USA) was Downgraded by TD Securities to ” Hold” on Apr 1, 2016.

On the company’s financial health, Canadian Natural Resource Ltd (USA) reported $-0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Mar 3, 2016. 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 company’s 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 Resource Ltd (USA) closed down -1.25 points or -4.17% at $28.71 with 19,79,161 shares getting traded on Friday. Post opening the session at $29.59, the shares hit an intraday low of $28.6175 and an intraday high of $29.8 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

Canadian Natural Resource Ltd (USA)

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