A statement released earlier today by Desjardins Securities about Canadian Natural Resources (TSE:CNQ) bumps the target price to $48.00
- Updated: December 1, 2016
Desjardins Securities raised the target price of Canadian Natural Resources (TSE:CNQ) to $48.00 indicating a possible upside of 0.04%.
Previously on 03/07/2016, Barclays Capital reported on Canadian Natural Resources (TSE:CNQ) increased the target price from $30.00 to $37.00. At the time, this indicated a possible upside of 0.07%.
Just yesterday Canadian Natural Resources (TSE:CNQ) traded 2.27% higher at $46.20. Canadian Natural Resources’s 50-day moving average is $42.71 and its 200-day moving average is $40.60. The last closing price is up 14.19% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. 2,263,212 shares of CNQ traded hands, up from an avg. volume of 1,728,360
With a total market value of $0, Canadian Natural Resources has with a one year low of $21.27 and a one year high of $46.74 .
A total of 22 equity analysts have released a ratings update on CNQ. Two analysts rating the company a strong buy, sixteen analysts rating the company a buy, 4 firms rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $35.37.
General Information About Canadian Natural Resources (TSE:CNQ)
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company is engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas and natural gas liquids (NGLs). Its exploration and production operations are focused in North America, largely in Western Canada; the United Kingdom (UK) portion of the North Sea and Cote d'Ivoire, Gabon, and South Africa in Offshore Africa. The Horizon Oil Sands Mining and Upgrading segment (Horizon) produces synthetic crude oil through bitumen mining and upgrading operations. Within Western Canada, the Company maintains certain midstream activities that include pipeline operations, an electricity co-generation system and an investment in the North West Redwater Partnership (Redwater Partnership), a general partnership formed in the Province of Alberta.
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