Canadian Natural Resource Ltd (USA) (CNQ) is Upgraded by RBC Capital Mkts to Top Pick

Canadian Natural Resource Ltd (USA) (CNQ) was Upgraded by RBC Capital Mkts to ” Top Pick”. Earlier the firm had a rating of “Outperform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Jun 16, 2016.

Many Wall Street Analysts have commented on Canadian Natural Resource Ltd (USA). Company shares were Reiterated by RBC Capital Mkts on Jun 14, 2016 to “Outperform”, Firm has raised the Price Target to $ 50 from a previous price target of $43 .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 -0.012 points or -0.04% at $28.71 with 35,08,420 shares getting traded on Wednesday. Post opening the session at $28.49, the shares hit an intraday low of $28.42 and an intraday high of $29.17 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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