Canadian Natrl Res (CNQ) is Upgraded by Citigroup to Buy

Canadian Natrl Res (CNQ) is Upgraded by Citigroup to Buy , according to the research report released to the investors. Earlier the firm had a rating of Neutral on the company shares. The shares recommendation by the Brokerage Firm was released on Jan-5-2016.

Canadian Natural Resources Limited is up 13.66% in the last 3-month period. Year-to-Date the stock performance stands at -27.24%.

Canadian Natural Resources Limited (NYSE:CNQ) has lost 2.68% during the past week and dropped 4.84% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.86%. Canadian Natural Resources Limited (NYSE:CNQ) has underperformed the index by 2.62% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Canadian Natural Resources Limited (NYSE:CNQ) : On Thursday heightened volatility was witnessed in Canadian Natural Resources Limited (NYSE:CNQ) which led to swings in the share price. The shares opened for trading at $21.58 and hit $22.08 on the upside , eventually ending the session at $21.83, with a gain of 0.05% or 0.01 points. The heightened volatility saw the trading volume jump to 1,779,598 shares. The 52-week high of the share price is $34.46 and the company has a market cap of $23,892 million. The 52-week low of the share price is at $18.94 .

Currently the company Insiders own 5% of Canadian Natural Resources Limited shares according to the proxy statements. Institutional Investors own 68.83% of Canadian Natural Resources Limited shares.

Canadian Natural Resources Limited is a Canadian independent energy company engaged in the acquisition, exploration, development, production, marketing and sale of crude oil, natural gas liquids (NGLs), and natural gas production. The Companys principal core regions of operations are western Canada, the United Kingdom sector of the North Sea and 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 and an electricity co-generation system. The Companys exploration and production activities are conducted in three geographic segments: North America, North Sea and Offshore Africa. In April 2014, Devon Energy Corp announced that it has completed the sale of Canadian conventional assets to Canadian Natural Resources Ltd.