Economy

Analysts See $0.07 EPS for Canadian Natural Resource Ltd (USA) (CNQ)

CALGARY, Alberta (AP) _ Canadian Natural Resources Ltd. (CNQ) on Thursday reported third-quarter net income of $545.5 million, after reporting a loss in the same period a year earlier. Although it was originally intended for commodity traders to help identify the start and finish of market trends, it is frequently used to analyze stocks as well. Bluestein R H & Co.'s holdings in Canadian Natural Resources were worth $894,000 as of its most recent filing with the SEC.

Here are some institutional investors who have increased or decreased their stake in (CNQ). TD Asset Management Inc. now owns 22,073,306 shares of the oil and gas producer's stock valued at $636,007,000 after acquiring an additional 136,364 shares during the period. Morningstar Investment Services LLC bought a new position in shares of Canadian Natural Resources Limited during the 2nd quarter valued at approximately $218,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its position in Canadian Natural Resources by 20.0% in the second quarter.

Taking a peek at some Moving Averages, the 200-day is at 26.21, the 50-day is 21.36, and the 7-day is sitting at 23.34.

Other institutional investors and hedge funds also recently made changes to their positions in the company. After a recent look, the 14-day ATR for Canadian Natural Resources (CNQ) is resting at 0.59. Higher relative volume you will have more liquidity in the stock which will tighten spreads and allow you to trade with more size without a ton of slippage.

Peat Resources Ltd (PET.V) are in trader's focus this week as the Schaff Trend Cycle indicator has trending higher consistently over the past week. Using a bigger time frame to assess the moving average such as the 200-day, may help block out the noise and chaos that is often caused by daily price fluctuations.

Canadian Natural Resources Limi's P/E ratio is 30.39 and the market cap is 42.29B.

The business also recently announced a quarterly dividend, which was paid on Sunday, October 1st. The dividend payment was $0.220 per share for the quarter which is $0.88 annualized.

Canadian Natural Resources shares have increased roughly 10 percent since the beginning of the year. The ex-dividend date of this dividend is Wednesday, December 7th. Canadian Natural Resources Limited's dividend payout ratio is 86.28%.

CNQ has been the subject of a number of research reports. The firm has "Buy" rating given on Friday, August 19 by Bank of America.

The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements.

Heading into the earnings release, covering analysts have a consensus target price of $38.07 on Canadian Natural Resources Limited shares. JPMorgan Chase & Co. boosted their price target on Canadian Natural Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a research report on Friday, August 5th. Goldman Sachs has "Buy" rating and $36 target. Canadian Natural Resources Limited had 29 analyst reports since July 21, 2015 according to SRatingsIntel. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. The rating was maintained by Citigroup on Friday, June 17 with "Buy". The Company's divisions include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids and natural gas.



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