The trading price of Canadian Natural Resources Ltd (NYSE:CNQ) floating higher at last check on current market day and closing at $27.19, 0.95% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 10.51. In examining the 52-week price action we see that the stock hit a 52-week high of $41.29 and a 52-week low of $25.62. Over the past month, the stock has lost -9.44% in value.
Canadian Natural Resources Ltd, whose market valuation is $57.36 billion at the time of this writing, is expected to release its quarterly earnings report in April. The dividend yield on the company stock is 7.14%, while its Forward Dividend ratio is 1.94. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.95 per share this quarter, however they have predicted annual earnings per share of 3.6 for current year and 3.81 for next year.
Analysts have forecast the company to bring in revenue of 9.27B for the current quarter, with the likely lows of 8.79B and highs of 9.57B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 35.42B.
On the technical side, indicators suggest CNQ has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned CNQ a recommendation rating is 9. Out of them, 4 rate it a Hold, while 5 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Canadian Natural Resources Ltd (CNQ) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that CNQ’s price is currently -7.86% off the SMA20 and -10.65% off the SMA50. The RSI metric on the 14-day chart is currently showing 29.12, and weekly volatility stands at 4.30%. When measured over the past 30 days, the indicator reaches 3.04%. Canadian Natural Resources Ltd (NYSE:CNQ)’s beta value is currently sitting at 1.21, while the Average True Range indicator is currently displaying 0.89. With analysts defining $44.56186168-$63.6598024 as the low and high price targets, we arrive at a consensus price target of $52.92 for the trailing 12-month period. The current price is about -63.89% off the estimated low and -134.13% off the forecast high, based on this estimate. Investors will be thrilled if CNQ’s share price rises to $52.917210745, which is the median consensus price. At that level, CNQ’s share price would be -94.62% below current price.
To see how Canadian Natural Resources Ltd stock has been performing today in comparison to its peers in the industry, here are the numbers: CNQ stock’s performance was 0.95% at last check in today’s session, and -24.56% in the past year. Another comparable company Occidental Petroleum Corp. (OXY) saw its stock trading 0.17%% higher in today’s session but was down -23.83% in a year. Canadian Natural Resources Ltd has a P/E ratio of 10.51, compared to TotalEnergies SE ADR’s 8.99 and Occidental Petroleum Corp.’s 19.00.
An evaluation of the daily trading volume of Canadian Natural Resources Ltd (NYSE:CNQ) indicates that the 3-month average is 5.98 million.
Currently, records show that 2.11 billion of the company’s shares remain outstanding. The insiders hold 2.28% of outstanding shares, whereas institutions hold 70.16%. However, since the stock’s price has seen -11.93% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
