The stock of Canadian Natural Resources Limited (NYSE:CNQ) is a huge mover today! The stock decreased 2.38% or $0.87 during the last trading session, reaching $35.7. About 1.22 million shares traded. Canadian Natural Resources Limited (NYSE:CNQ) has declined 3.31% since May 24, 2017 and is downtrending. It has underperformed by 14.86% the S&P500.The move comes after 7 months negative chart setup for the $43.88B company. It was reported on May, 24 by Barchart.com. We have $34.27 PT which if reached, will make NYSE:CNQ worth $1.76B less.
Among 15 analysts covering Cliffs Natural Resources Inc (NYSE:CLF), 5 have Buy rating, 3 Sell and 7 Hold. Therefore 33% are positive. Cliffs Natural Resources Inc had 41 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was downgraded by JP Morgan to “Neutral” on Monday, October 23. As per Tuesday, April 17, the company rating was maintained by FBR Capital. FBR Capital upgraded it to “Outperform” rating and $10 target in Friday, April 28 report. The stock has “Sell” rating by Vertical Group on Wednesday, March 14. The rating was maintained by FBR Capital with “Mkt Perform” on Thursday, October 13. Axiom Capital initiated the stock with “Sell” rating in Friday, August 21 report. The stock has “Outperform” rating by Macquarie Research on Friday, June 10. The firm has “Neutral” rating by Macquarie Research given on Friday, January 8. The stock of Cleveland-Cliffs Inc. (NYSE:CLF) earned “Buy” rating by Seaport Global on Wednesday, May 9. JP Morgan upgraded it to “Overweight” rating and $7 target in Tuesday, May 31 report. See Cleveland-Cliffs Inc. (NYSE:CLF) latest ratings:
09/05/2018 Broker: Seaport Global Rating: Buy New Target: $10.0000 Initiate
24/04/2018 Broker: Morgan Stanley Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $7 New Target: $7.5 Maintain
20/04/2018 Broker: Jefferies Rating: Buy New Target: $9.5000 Maintain
17/04/2018 Broker: FBR Capital Rating: Buy New Target: $12.0000 Maintain
20/03/2018 Broker: Goldman Sachs Rating: Neutral New Target: $8 Initiates Coverage On
14/03/2018 Broker: Vertical Group Old Rating: Hold New Rating: Sell Downgrade
23/02/2018 Broker: Vertical Group Old Rating: Sell New Rating: Hold Upgrade
07/02/2018 Broker: Credit Suisse Rating: Buy New Target: $9.0 Upgrade
26/01/2018 Broker: FBR Capital Rating: Buy New Target: $11.0
25/01/2018 Broker: Cowen & Co Rating: Hold New Target: $9.0 Maintain
Among 15 analysts covering Canadian Natural Resources Limited (NYSE:CNQ), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Canadian Natural Resources Limited had 34 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Wednesday, July 19 by Morgan Stanley. As per Friday, August 7, the company rating was maintained by Scotia Capital. The stock has “” rating by Raymond James on Friday, August 7. The stock has “Outperform” rating by Raymond James on Wednesday, September 9. The rating was upgraded by Macquarie Research to “Outperform” on Friday, August 5. Wells Fargo downgraded the shares of CNQ in report on Wednesday, February 7 to “Market Perform” rating. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Tuesday, January 12. The firm has “Outperform” rating given on Friday, December 16 by Wells Fargo. The firm has “Overweight” rating given on Wednesday, August 26 by JP Morgan. The stock has “Buy” rating by Goldman Sachs on Thursday, June 22.
Another recent and important Canadian Natural Resources Limited (NYSE:CNQ) news was published by Seekingalpha.com which published an article titled: “Canadian Natural Resources (CNQ) Q1 2018 Results – Earnings Call Transcript” on May 04, 2018.
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids . The company has market cap of $43.88 billion. The firm offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO). It has a 22.51 P/E ratio. The Company’s midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
Analysts await Canadian Natural Resources Limited (NYSE:CNQ) to report earnings on August, 2. They expect $0.48 EPS, up 71.43% or $0.20 from last year’s $0.28 per share. CNQ’s profit will be $590.01 million for 18.59 P/E if the $0.48 EPS becomes a reality. After $0.62 actual EPS reported by Canadian Natural Resources Limited for the previous quarter, Wall Street now forecasts -22.58% negative EPS growth.
Investors sentiment increased to 1 in 2017 Q4. Its up 0.99, from 0.01 in 2017Q3. It is positive, as 4 investors sold Cleveland-Cliffs Inc. shares while 0 reduced holdings. 3 funds opened positions while 1 raised stakes. 103,571 shares or 26.54% more from 81,846 shares in 2017Q3 were reported. Mark Asset Mgmt holds 0.09% of its portfolio in Cleveland-Cliffs Inc. (NYSE:CLF) for 52,210 shares. Kazazian Asset Ltd Liability Co has invested 0.1% of its portfolio in Cleveland-Cliffs Inc. (NYSE:CLF). Capital Wealth Planning Ltd Company stated it has 0.22% in Cleveland-Cliffs Inc. (NYSE:CLF). Vantage Invest Limited Liability Company has 200 shares. Quantitative Investment Mgmt Ltd Liability Corp owns 0% invested in Cleveland-Cliffs Inc. (NYSE:CLF) for 16,000 shares.
More recent Cleveland-Cliffs Inc. (NYSE:CLF) news were published by: Seekingalpha.com which released: “Cleveland-Cliffs At $9, What’s Next?” on May 17, 2018. Also Seekingalpha.com published the news titled: “Take An Escalator Up The Cliffs” on May 10, 2018. Seekingalpha.com‘s news article titled: “Cleveland-Cliffs’ Q1 Beat Confirms Bull Case” with publication date: April 25, 2018 was also an interesting one.
Cleveland-Cliffs Inc., a mining and natural resources company, produces and supplies iron ore. The company has market cap of $2.51 billion. The firm operates four iron ore mines in Michigan and Minnesota; and Koolyanobbing iron ore mining complex located in Western Australia. It has a 8.17 P/E ratio. It sells its products to integrated steel companies and steel producers in the United States and the Asia Pacific.