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4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Canadian Natural Resources Limited    CNQ   CA1363851017

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TSX falls as energy stocks weigh; upgrades boost Kirkland, Sierra

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11/27/2017 | 11:09pm CET
FILE PHOTO: A sign board displaying Toronto Stock Exchange stock information is seen in Toronto

Canada's main stock index slipped on Monday, with its heavyweight energy companies falling as U.S. crude prices came off two-year highs, while Kirkland Lake Gold Ltd (>> Kirkland Lake Gold Ltd) and Sierra Wireless Inc jumped after analyst upgrades.

Canada's main stock index slipped on Monday, with its heavyweight energy companies falling as U.S. crude prices came off two-year highs, while Kirkland Lake Gold Ltd (>> Kirkland Lake Gold Ltd) and Sierra Wireless Inc <SW.TO> jumped after analyst upgrades.

* The Toronto Stock Exchange's S&P/TSX composite index <.GSPTSE> closed down 65.97 points, or 0.41 percent, at 16,042.12. Declining stocks outnumbered advancers by a 2.4-to-1 ratio.

* The energy group, which accounts for almost a fifth of the index's weight, retreated 2.4 percent. Pipeline company Enbridge Inc (>> Enbridge Inc) was off 2.3 percent at C$46.29 and producer Canadian Natural Resources Ltd (>> Canadian Natural Resources Limited) fell 2.9 percent to C$42.81 and Encana Corp (>> Encana Corp) lost 4.1 percent to C$14.54.

* U.S. crude <CLc1> prices were down 1.9 percent at $57.84 a barrel, while Brent <LCOc1> lost 0.2 percent to $63.73, as the planned restart of the Keystone pipeline and uncertainty about Russia's resolve to extend output cuts weighed. [O/R]

* Shopify Inc <SHOP.TO> closed up 1.8 percent at C$144.69. It had traded as high as C$148.97, its highest since being targeted by a short seller in early October, after saying that it processed more than $1 million in sales a minute for its merchants at the peak of Black Friday shopping activity.

* Shares in technology company Sierra Wireless Inc <SW.TO> ended 10.8 percent higher at C$29.46 after Raymond James upgraded it to "outperform," citing a recent sell-off and car connectivity design wins.

* Kirkland Lake Gold Ltd (>> Kirkland Lake Gold Ltd) rose 6.5 percent to C$18.80 after Desjardins raised the stock to a "buy" recommendation and increased its price target for the stock to C$24.

* Hudson's Bay Co (>> Hudson's Bay Co) fell 1.2 percent at C$11.17 after the retailer said almost two-thirds of its shareholders supported Rhone Capital's $500 million investment, which is opposed by activist fund Land and Buildings LLC.

(Reporting by Alastair Sharp; Editing by Andrew Hay and Peter Cooney)

By Alastair Sharp

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Financials ( CAD)
Sales 2017 15 856 M
EBIT 2017 1 940 M
Net income 2017 2 014 M
Debt 2017 21 723 M
Yield 2017 2,40%
P/E ratio 2017 25,29
P/E ratio 2018 36,75
EV / Sales 2017 4,70x
EV / Sales 2018 3,89x
Capitalization 52 867 M
Chart CANADIAN NATURAL RESOURCES
Duration : Period :
Canadian Natural Resources Technical Analysis Chart | CNQ | CA1363851017 | 4-Traders
Technical analysis trends CANADIAN NATURAL RESOURCES
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 25
Average target price 50,3  CAD
Spread / Average Target 16%
EPS Revisions
Managers
NameTitle
Steve W. Laut President & Non-Independent Director
N. Murray Edwards Executive Chairman
Tim Shawn McKay Chief Operating Officer
Corey B. Bieber Chief Financial Officer & Senior VP-Finance
Stephen C. Suche Vice President-Information & Corporate Services
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