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Canadian Natural (CNQ) in Focus: Stock Moves 10.1% Higher
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Canadian Natural Resources Limited (CNQ - Free Report) was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 5.5% in the past one-month time frame.
The move came after the Premier of Alberta ordered the oil companies in the province to reduce production by 8.7%, to ramp up prices.
The company has seen three negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Canadian Natural currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Is CNQ going up? Or down? Predict to see what others think: Up or Down
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
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Canadian Natural (CNQ) in Focus: Stock Moves 10.1% Higher
Canadian Natural Resources Limited (CNQ - Free Report) was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 5.5% in the past one-month time frame.
The move came after the Premier of Alberta ordered the oil companies in the province to reduce production by 8.7%, to ramp up prices.
The company has seen three negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Canadian Natural currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Canadian Natural Resources Limited Price
Canadian Natural Resources Limited Price | Canadian Natural Resources Limited Quote
A better-ranked stock in the Oil and Gas - Exploration and Production - Canadian industry is Gran Tierra Energy Inc. (GTE - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CNQ going up? Or down? Predict to see what others think: Up or Down
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>