Canadian Natural Resources Ltd (NYSE:CNQ) shares, rose in value, without any change to the previous day’s close as strong demand from buyers drove the stock to $30.75.
Actively observing the price movement in the recent trading, the stock is buoying the session at $30.75. The PE ratio was 12.02 over 12-month period. Referring to stock’s 52-week performance, its high was $38.60, and the low was $24.65. On the whole, CNQ has fluctuated by 4.88% over the past month.
With the market capitalization of Canadian Natural Resources Ltd currently standing at about $64.37 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 1.57, with its dividend yield at 5.12%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 37.93B, with a low estimate of 8.93B and a high estimate of 9.01B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 8.97B.
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% Buy 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 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.19, with the price of CNQ currently trading nearly 1.33% and 3.72% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 55.23, while the 7-day volatility ratio is showing 0.90% which for the 30-day chart, stands at 1.91%. Furthermore, Canadian Natural Resources Ltd (CNQ)’s beta value is 1.06, and its average true range (ATR) is 0.76.
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 0.00% in today’s session so far, and over the past year, it shrunk by -19.72%%.
Data on historical trading for Canadian Natural Resources Ltd (NYSE:CNQ) indicates that the trading volumes over the past 3 months, they’ve averaged 7.12 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 74.25% of the company’s shares. The stock has fallen by -0.39% 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.
