June 6, 2018 – By Henry Gaston
Legal & General Group Plc decreased its stake in Canadian Nat Res Ltd (CNQ) by 7.91% based on its latest 2018Q1 regulatory filing with the SEC. Legal & General Group Plc sold 373,506 shares as the company’s stock rose 5.69% while stock markets declined. The institutional investor held 4.35M shares of the oil & gas production company at the end of 2018Q1, valued at $136.55 million, down from 4.72M at the end of the previous reported quarter. Legal & General Group Plc who had been investing in Canadian Nat Res Ltd for a number of months, seems to be less bullish one the $41.10 billion market cap company. The stock decreased 0.48% or $0.16 during the last trading session, reaching $33.51. About 1.18 million shares traded. Canadian Natural Resources Limited (NYSE:CNQ) has risen 15.19% since June 6, 2017 and is uptrending. It has outperformed by 2.62% the S&P500. Some Historical CNQ News: 04/05/2018 – CANADIAN NATURAL RESOURCES LTD CNQ.TO : GMP RAISES TARGET PRICE TO C$57 FROM C$56; 09/04/2018 – CANADIAN NATURAL RESOURCES MINISTER CARR SPEAKS IN INTERVIEW; 14/03/2018 Canadian Natural Resources Limited Announces Intention to Institute a Normal Course Issuer Bid; 03/05/2018 – Canadian Natural Resources to limit output during oil transport crunch; 12/04/2018 – CANADIAN NATURAL RESOURCES LTD CNQ.TO : WELLS FARGO RAISES TARGET PRICE TO C$44 FROM C$43; 07/05/2018 – Globe Mail [Reg]: Streetwise newsletter: Shell sells stake in Canadian Natural in big bought deal; Street pounds table on; 13/04/2018 – CANADIAN NATURAL RESOURCES LTD CNQ.TO : CREDIT SUISSE RAISES TARGET PRICE TO C$59 FROM C$54; 07/05/2018 – ROYAL DUTCH SHELL PLC (“SHELL”) ANNOUNCES AN AGREEMENT TO SELL ITS ENTIRE STAKE IN CANADIAN NATURAL RESOURCES LIMITED; 08/05/2018 – Shell to Sell Canadian Natural Resources Stake (Correct); 07/05/2018 – Shell to sell stake in Canadian Natural for about $3.3 bln -Globe and Mail
Investor Ab decreased its stake in Chinacache Intl Hldg Ltd (CCIH) by 55.41% based on its latest 2018Q1 regulatory filing with the SEC. Investor Ab sold 1.47 million shares as the company’s stock declined 10.65% with the market. The institutional investor held 1.18M shares of the edp services company at the end of 2018Q1, valued at $1.26 million, down from 2.65 million at the end of the previous reported quarter. Investor Ab who had been investing in Chinacache Intl Hldg Ltd for a number of months, seems to be less bullish one the $37.03M market cap company. It closed at $1.39 lastly. It is down 31.75% since June 6, 2017 and is uptrending. It has outperformed by 19.18% the S&P500. Some Historical CCIH News: 10/05/2018 – ChinaCache International: Rights Plan Has 15% Trigger; 27/04/2018 – CHINACACHE – DECISION TO TERMINATE DEAL MADE DUE TO PERCEIVED VALUE OF ASSETS IN LIGHT OF INCREASING MARKET DEMAND FOR DATA CENTER SERVICES; 27/04/2018 – ChinaCache International: None of the Parties to the Agreement Incurred a Breakup Fee Due to the Termination; 01/05/2018 – ChinaCache Files 2017 Annual Report on Form 20-F; 26/04/2018 – ChinaCache International Names Guangsheng Meng as Chief Fincl Officer; 26/04/2018 – ChinaCache Appoints Guangsheng Meng as Chief Financial Officer; 26/04/2018 – CHINACACHE INTERNATIONAL HOLDINGS LTD – APPOINTMENT OF GUANGSHENG MENG AS CHIEF FINANCIAL OFFICER, EFFECTIVE APRIL 20, 2018; 27/04/2018 – ChinaCache Terminated Agreement to Sell Data Center Assets; 22/03/2018 $CCIH fwiw the ChinaCache on Amazon AWS news from yesterday is indeed new. This PR titled “ChinaCache Launches CDN Solution on AWS Marketplace” was disseminated on March 20 in China but not the US; 10/05/2018 – ChinaCache: Rights Plan Not Adopted in Response to Any Specific Effort to Acquire Control
Another recent and important Canadian Natural Resources Limited (NYSE:CNQ) news was published by Fool.ca which published an article titled: “5 Ways That $100 Oil Could Impact Your Portfolio Holdings” on May 31, 2018.
Analysts await Canadian Natural Resources Limited (NYSE:CNQ) to report earnings on August, 2. They expect $0.48 earnings per share, up 71.43% or $0.20 from last year’s $0.28 per share. CNQ’s profit will be $588.71M for 17.45 P/E if the $0.48 EPS becomes a reality. After $0.62 actual earnings per share reported by Canadian Natural Resources Limited for the previous quarter, Wall Street now forecasts -22.58% negative EPS growth.
Among 15 analysts covering Canadian Natural Resources Limited (NYSE:CNQ), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Canadian Natural Resources Limited had 34 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Canadian Natural Resources Limited (NYSE:CNQ) has “Market Perform” rating given on Wednesday, February 7 by Wells Fargo. The stock of Canadian Natural Resources Limited (NYSE:CNQ) earned “Neutral” rating by Macquarie Research on Friday, January 8. Goldman Sachs maintained it with “Buy” rating and $36 target in Thursday, June 22 report. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, November 6. The firm has “Hold” rating by TD Securities given on Friday, April 1. Morgan Stanley maintained the shares of CNQ in report on Monday, April 16 with “Overweight” rating. The rating was maintained by Morgan Stanley on Friday, October 13 with “Overweight”. The rating was initiated by Wells Fargo with “Outperform” on Friday, December 16. The firm has “Neutral” rating by Citigroup given on Friday, July 21. Morgan Stanley maintained it with “Overweight” rating and $58 target in Wednesday, January 24 report.
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