Canadian Natural Resources Ltd. (CNQ) At $33.70 Offering A Unique Opportunity

Canadian Natural Resources Ltd. (NYSE:CNQ) currently has a daily average trading volume of 4.88M but it saw 3540902 shares traded in last market. With a market cap of 71.53B USD, the company’s current market price of $33.70 came falling about -2.63 while comparing to the previous closing price of $34.61. In past 52 weeks, the stock remained buoying in the range of price level as high as $41.29 and as low as $29.45. In the recent trading on the day, stock has struck highest price mark of $33.55 while lowest mark touched by it was $34.59.

Taking a look at 20-day trading activity of Canadian Natural Resources Ltd. (CNQ) gives us an average price of $33.78, while its current price level is -18.38% below from 52-week high level whereas it is 14.41% 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 $34.64 while that of 200 days or SMA-200 reads an average of $35.11. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.83% during that period while stretching the period over a month that increases to 2.21%. 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 47.55 which implies that the stock is in neutral territory.

Over the week, CNQ’s stock price is moving 2.56% up while it is -9.92% when we observe its performance for the past one month. Year-to-date it is 2.87% up and over the past year, the stock is showing an upside performance of 6.56%.

Currently, Canadian Natural Resources Ltd.’s total number of outstanding shares is 2.14B. Company’s return on investment (ROI) stands at 15.47% and return on equity (ROE) at 19.51%. It has a price to earnings ratio (P/E ratio) of 12.96 while having a 11.77 of forward P/E ratio. Stock’s beta reads 1.53. Stock has a price to book (P/B) ratio of 2.49 while price to sale or P/S ratio amounts to 2.64. Its return on asset (ROA) is 10.08% on average.