Canadian Natural Resources Limited (CNQ) PT Raised to C$55.00

Currently, the stock has a 1 Year Price Target of $37.33. For trailing twelve months, EPS value for the stock is $1.05. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. It opened the session with a $29.26 price tag, later ranging from $28.8 to $30.71, the range at which the stock has traded at throughout the day. The company beat the analyst EPS Estimate with the difference of $-0.06. This showed the surprise of 328.6% in the last quarter earnings. Canadian Natural Resources Limited has a 52 week low of $27.03 and a 52 week high of $46.74. These analysts have also projected a Low Estimate of $-0.06/share and a High Estimate of $0.19/share. This is a positive change from Canadian Natural Resource’s previous quarterly dividend of $0.19.

Canadian Natural Resources Ltd is likely interested in shipping natural gas under TransCanada’s new flat toll for its Mainline system, but it has not made a firm decision, Canadian Natural’s chief executive officer said. According to their predictions High & Low revenue estimates are 2.98 Billion and 2.37 Billion respectively.

The company says Q4 oil and gas production inched higher to ~859K boe/day from 856K boe/day, but average realized prices before hedging rose by almost a third Y/Y for crude oil and 6% for natural gas, and Q4 operating costs were a record low C$22.53/bbl.

Canadian Natural Resources Limited (NYSE:CNQ)’s shares may have a significant upside to the consensus target of 37.33, but how has it been performing relative to the market?

Canadian Natural Resources Limited is now showing 326.1% EPS growth this year. While for the next 5 years, the growth estimate is 76.42%. Canadian Natural Resources Limited now has a consensus rating of “Buy” and a consensus price target of C$48.88. Instinet reaffirmed a “buy” rating and set a $48.00 price objective (up previously from $44.00) on shares of Canadian Natural Resource in a report on Thursday, December 15th. The company’s quarterly performance represents an optimistic momentum of 22.34 percent, with a surge of 13.96 percent in the stock price over the last one month. Sell-side analyst recommendations point to a short term price target of $25.16 on the company shares. The stock has 52-week high of $35.28 and 52-week low of $21.04.

The stock has Return on Assets (ROA) of -1.1 percent.

In a later conference call, company executives predicted possible “opportunistic acquisitions”, but did not name them, saying it will buy only ones that “fit” and “add value”. The weekly volatility is at 3.13% while the monthly volatility rests at 2.28%.