Canadian Natural Resources Ltd (NYSE:CNQ) shares, rose in value on Wednesday, January 22, with the stock price down by -1.04% to the previous day’s close as strong demand from buyers drove the stock to $31.53.
Actively observing the price movement in the last trading, the stock closed the session at $31.86, falling within a range of $31.47 and $32.075. The value of beta (5-year monthly) was 1.878 whereas the PE ratio was 12.19 over 12-month period. Referring to stock’s 52-week performance, its high was $41.29, and the low was $29.23. On the whole, CNQ has fluctuated by 6.16% over the past month.
With the market capitalization of Canadian Natural Resources Ltd currently standing at about $66.52 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.94, with its dividend yield at 6.15%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 35.42B, with a low estimate of 8.79B and a high estimate of 9.57B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 9.27B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CNQ’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of CNQ currently trading nearly 0.99% and -2.33% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.78, while the 7-day volatility ratio is showing 2.40% which for the 30-day chart, stands at 2.36%. Furthermore, Canadian Natural Resources Ltd (CNQ)’s beta value is 1.48, and its average true range (ATR) is 0.81.
A comparison of Canadian Natural Resources Ltd (CNQ) with its peers suggests the former has fared considerably weaker in the market. CNQ showed an intraday change of -1.04% in last session, and over the past year, it grew by 0.13%%.
Data on historical trading for Canadian Natural Resources Ltd (NYSE:CNQ) indicates that the trading volumes over the past 10 days have averaged 7.17 and over the past 3 months, they’ve averaged 4.62 million. According to company’s latest data on outstanding shares, there are 2.11 billion shares outstanding.
Nearly 4.32% of Canadian Natural Resources Ltd’s shares belong to company insiders and institutional investors own 72.99% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 109.51 million shares as on 2024-12-31, resulting in a short ratio of 1.78. The stock has risen by 2.14% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CNQ stock heading into the next quarter.
