Company Shares of Canadian Natural Resources Limited Rally 2.4%

Canadian Natural Resources Limited (NYSE:CNQ) has climbed 2.4% in the past week and advanced 1.77% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.63% and the outperformance has advanced to 0.84% for the last 4 weeks period.

Canadian Natural Resources Limited (NYSE:CNQ): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $29.25 and $29.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.61. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.40, notching a gain of 2.44% for the day. The total traded volume was 3,019,944 . The stock had closed at $28.70 on the previous day.

The company shares have rallied 3.34% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $32.02 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $29.13 and the 200 Day Moving Average price is recorded at $24.76.

Many analysts have stated their opinion on the company shares. Citigroup maintains its rating on Canadian Natural Resources Limited (NYSE:CNQ). The global brokerage major raises the current price target from $28.63 per share to $34 per share. Analysts at the Citigroup have a current rating of Buy on the shares. The rating by the firm was issued on June 17, 2016. Currently the company Insiders own 5% of Canadian Natural Resources Limited shares according to the proxy statements. Institutional Investors own 67.63% of Canadian Natural Resources Limited shares.

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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