Canadian Natural Resources (CNQ) Price Target Raised to C$59.00

Lloyd Doyle
January 13, 2018

The stock increased 1.20% or $0.44 during the last trading session, reaching $36.96. The volume of 1.95 Million shares climbed down over an trading activity of 1.97 Million shares. Canadian Natural Resources Limited (NYSE:CNQ) has risen 10.32% since January 9, 2017 and is uptrending. It has underperformed by 0.41% the S&P500. Lakeview Capital Partners Llc sold 16,116 shares as the company's stock declined 7.64% while stock markets rallied. About 5.87M shares traded. The company's market capitalization is $33.86 billion. They expect $1.52 earnings per share, up 8.57 % or $0.12 from last year's $1.4 per share. About 972,687 shares traded. Shaker Financial Services Llc owns 202,894 shares or 1.8% of their USA portfolio. It also reduced its holding in 3M Co (NYSE:MMM) by 5,290 shares in the quarter, leaving it with 14,498 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT). At the time of writing, Canadian Natural Resources (CNQ) has a 14-day ATR of 0.76. Therefore 36% are positive.

More notable recent Canadian Natural Resources Limited (NYSE:CNQ) news were published by: Bloomberg.com which released: "US Pares Back Duties on Canadian Lumber in Softwood Spat" on January 03, 2018, also Theglobeandmail.com with their article: "The close: TSX ends down as resources stocks weigh with lower commodity prices" published on January 05, 2018, Prnewswire.com published: "Stock Review for Independent Oil & Gas Investors - Callon Petroleum, Devon ..." on January 03, 2018. Argus Research maintained it with "Buy" rating and $73 target in Thursday, August 25 report. TD Securities reaffirmed a "hold" rating and issued a $46.00 price target on shares of Canadian Natural Resources Limited in a research report on Friday, December 16th. Nine investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company's stock. The firm has "Hold" rating given on Saturday, August 22 by Zacks. The firm has "Buy" rating given on Thursday, June 16 by RBC Capital Markets. The stock of Canadian Natural Resources Limited (NYSE:CNQ) has "Buy" rating given on Friday, June 17 by Citigroup. The rating was maintained by Morgan Stanley with "Overweight" on Friday, October 13. Wells Fargo initiated Canadian Natural Resources Limited (NYSE:CNQ) on Friday, December 16 with "Outperform" rating. Argus Research maintained it with "Buy" rating and $77 target in Monday, December 12 report. It is down 0.00% since January 10, 2017 and is. Its down 0.08, from 1.18 in 2017Q2. At present, 0 analysts recommended Holding these shares while 0 recommended sell, according to FactSet data. 97 funds opened positions while 128 raised stakes. Livforsakringsbolaget Skandia Omsesidigt has 326,741 shares. Geode Limited Liability Corporation owns 85.75 million shares. San Francisco Sentry Invest Grp Inc (Ca) owns 38 shares. Ironwood Invest Ltd Liability Com has 0.54% invested in General Electric Company (NYSE:GE) for 31,805 shares. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.24% or 1.40M shares. Ferguson Wellman stated it has 420,085 shares. M&R Capital Mngmt holds 0.02% of its portfolio in KeyCorp (NYSE:KEY) for 4,005 shares. Fundx Invest Grp Ltd Liability Company reported 49,353 shares stake.


Analysts await Myriad Genetics, Inc. After $1.54 actual earnings per share reported by Royal Bank of Canada for the previous quarter, Wall Street now forecasts -1.30 % negative EPS growth. RY's profit will be $2.17B for 13.80 P/E if the $1.52 EPS becomes a reality. BMO Capital Markets reaffirmed an outperform rating and issued a C$54.00 price objective on shares of Canadian Natural Resources in a report on Wednesday, November 8th.

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