Canadian Natural Resources Ltd (NYSE:CNQ) shares, rose in value on Wednesday, March 26, with the stock price up by 0.55% to the previous day’s close as strong demand from buyers drove the stock to $31.29.
Actively observing the price movement in the last trading, the stock closed the session at $31.12, falling within a range of $31.23 and $31.835. The value of beta (5-year monthly) was 1.846 whereas the PE ratio was 15.01 over 12-month period. Referring to stock’s 52-week performance, its high was $41.29, and the low was $25.62. On the whole, CNQ has fluctuated by 8.46% over the past month.
With the market capitalization of Canadian Natural Resources Ltd currently standing at about $65.71 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-05. The company’s Forward Dividend Ratio is 1.57, with its dividend yield at 5.03%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 38.65B, with a low estimate of 9.83B and a high estimate of 10.47B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 10.14B.
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 50% 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 PEG ratio is about 1.53, with the price of CNQ currently trading nearly 7.28% and 4.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.70, while the 7-day volatility ratio is showing 1.82% which for the 30-day chart, stands at 2.91%. Furthermore, Canadian Natural Resources Ltd (CNQ)’s beta value is 1.16, and its average true range (ATR) is 0.79.
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 0.55% in last session, and over the past year, it shrunk by -15.55%%.
Data on historical trading for Canadian Natural Resources Ltd (NYSE:CNQ) indicates that the trading volumes over the past 10 days have averaged 8.99 and over the past 3 months, they’ve averaged 7.11 million. According to company’s latest data on outstanding shares, there are 2.10 billion shares outstanding.
Nearly 2.28% of Canadian Natural Resources Ltd’s shares belong to company insiders and institutional investors own 69.75% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 41.03 million shares as on 2025-03-14, resulting in a short ratio of 15.11. The stock has risen by 1.36% 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.
