Should Investors Trust The Upside Potential In Canadian Natural Resources Ltd. (CNQ)?

Canadian Natural Resources Ltd. (NYSE:CNQ) currently has a daily average trading volume of 4.53M but it saw 6528030 shares traded in last market. With a market cap of 74.63B USD, the company’s current market price of $34.96 came falling about -1.47 while comparing to the previous closing price of $35.48. In past 52 weeks, the stock remained buoying in the range of price level as high as $41.29 and as low as $29.12.

Taking a look at 20-day trading activity of Canadian Natural Resources Ltd. (CNQ) gives us an average price of $35.34, while its current price level is -15.33% below from 52-week high level whereas it is 20.03% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $35.78 while that of 200 days or SMA-200 reads an average of $34.74. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.68% during that period while stretching the period over a month that decreases to 2.34%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 47.02 which implies that the stock is in neutral territory.

Over the week, CNQ’s stock price is moving 1.54% up while it is -2.92% when we observe its performance for the past one month. Year-to-date it is 6.72% up and over the past year, the stock is showing an upside performance of 14.77%.

Currently, Canadian Natural Resources Ltd.’s total number of outstanding shares is 2.14B. Company’s return on investment (ROI) stands at 14.88% and return on equity (ROE) at 19.05%. It has a price to earnings ratio (P/E ratio) of 13.93 while having a 10.78 of forward P/E ratio. Stock’s beta reads 1.54. Stock has a price to book (P/B) ratio of 2.56 while price to sale or P/S ratio amounts to 2.83. Its return on asset (ROA) is 9.84% on average.