Price Target Update on Canadian Natural Resources Limited (NYSE:CNQ)

Canadian Natural Resources Limited (NYSE:CNQ) : Average target price received by Canadian Natural Resources Limited (NYSE:CNQ) is $34 with an expected standard deviation of $7.94. The most aggressive target on the stock is $50, whereas the most downbeat target is $26. 7 financial analysts are currently covering the stock.

Other Equity analysts have also commented 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.

Canadian Natural Resources Limited (NYSE:CNQ): stock turned positive on Thursday. Though the stock opened at $30.22, the bulls momentum made the stock top out at $30.91 level for the day. The stock recorded a low of $29.98 and closed the trading day at $30.89, in the green by 4.08%. The total traded volume for the day was 2,237,272. The stock had closed at $29.68 in the previous days trading.

The company shares have rallied 4.21% 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 $29.20 and the 200 Day Moving Average price is recorded at $24.92.

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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