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Stock impact report

Analyst Lowers Price Target on Canadian Natural Resources (CNQ) to $35 [Yahoo! Finance]

Canadian Natural Resources Limited (CNQ) 
Last canadian natural resources limited earnings: 3/5 05:00 am Check Earnings Report
US:NYSE Investor Relations: cnrl.com/investor-information
Company Research Source: Yahoo! Finance
Canadian Natural Resources Limited (NYSE:CNQ) is a senior crude oil and natural gas producer with ongoing operations in its core areas in Western Canada, the UK North Sea, and offshore Africa. On January 2, Goldman Sachs slightly lowered its price target on Canadian Natural Resources Limited (NYSE:CNQ) from $36 to $35, but maintained a ‘Buy' rating on the shares. The revised target reflects the firm's updated crude oil price assumptions, with Goldman forecasting Brent and WTI to average $56 and $52 in 2026, respectively. Moreover, the firm is keeping a close eye on the developments in Venezuela as they could push global oil prices in either direction, since the country has the largest oil reserves in the world. Given the challenges that the oil sector is facing, Goldman Sachs believes that investors are now likely to begin to value equities based on 2027 free cash flow. That said, Canadian Natural Resources Limited's (NYSE:CNQ) industry-leading operating costs of approximately $2 Show less Read more
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