Morgan Stanley Raises CNQ Target on Strong Oil and Refining Margins [Yahoo! Finance]
Canadian Natural Resources Limited (CNQ)
Last canadian natural resources limited earnings: 3/5 05:00 am
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cnrl.com/investor-information
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Source: Yahoo! Finance
Morgan Stanley Raises CNQ Target on Strong Oil and Refining Margins On March 27, Morgan Stanley analyst Devin McDermott raised the firm's price recommendation on Canadian Natural Resources Limited (NYSE:CNQ) to C$66 from C$52. It reiterated an Equal Weight rating on the shares. The analyst said oil, LNG, and refining margins are at their highest levels since 2022. He added that even with some de-escalation in Iran, it is becoming less likely that these markets will return to previous conditions anytime soon. The firm updated its price assumptions, increasing its 2026 WTI benchmark by 44%, NGLs by 40%, and refining cracks by 35%. It also noted that EBITDA estimates across its North American energy coverage are rising by about 40% for 2026 and 23% for 2027 on average. Earlier in March, Canadian Natural Resources said its Board of Directors approved a 6.4% increase in its quarterly cash dividend. The dividend was raised to $0.625 per common share, up from $0.5875. The company said i
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News
- While the S&P 500 Struggles, These 3 Energy Dividend Stocks Are Soaring [Yahoo! Finance]Yahoo! Finance
- Canadian Natural Resources (NYSE:CNQ) (TSE:CNQ) was downgraded by Raymond James Financial, Inc. from "moderate buy" to "hold".MarketBeat
- 3 Top TSX Dividend Stocks Yielding Up To 7.4% [Yahoo! Finance Canada]Yahoo! Finance Canada
- Canadian Natural Resources: A Safe Haven as Oil Prices Remain High [Yahoo! Finance Canada]Yahoo! Finance Canada
- 3 Canadian Stocks Tied to the Real Economy (Not Hype) [Yahoo! Finance Canada]Yahoo! Finance Canada
CNQ
Sec Filings
- 3/27/26 - Form 144
- 3/26/26 - Form 40-F
- 3/26/26 - Form 6-K
- CNQ's page on the SEC website