Canadian Natural Resources Limited (CNQ) : The consensus on Canadian Natural Resources Limited (CNQ) based on 9 analyst recommendation on the company stock is 1.67, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.
Canadian Natural Resources Limited (CNQ) : 8 Wall Street analysts covering Canadian Natural Resources Limited (CNQ) believe that the average level the stock could reach for the short term is $36.01. The maximum price target given is $50 and the minimum target for short term is around $26, hence the standard deviation is calculated at $8.35.
For the current week, the company shares have a recommendation consensus of Buy. Canadian Natural Resources Limited (NYSE:CNQ): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.45 and $31.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.10. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.85, notching a gain of 2.02% for the day. The total traded volume was 1,119,017 . The stock had closed at $31.22 on the previous day.
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.