Wednesday, December 15, 2010

Goldman (NYSE:GS) Raises Canadian Natural Resources (NYSE:CNQ)

Based on upwardly revised production guidance, Goldman Sachs (NYSE:GS) raised their EPS estimates and price target on Canadian Natural Resources (NYSE:CNQ).

EPS estimates were raised for 2011-2015 to $4.15/$5.00/$4.00/$4.45/$4.55 from $4.00/$4.85/ $3.80/$4.30/$4.65 in response to the revised production projections.

Goldman is maintaining their "Buy" rating on Canadian Natural Resources Limited, which was trading at $42.72, up $0.02, or 0.06 percent, as of 11:59 AM EST.

Goldman raised their price target on them from $45 to $48.

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