Canadian Natural Resources Ltd. (CNQ) At $34.68 Offering A Unique Opportunity

Canadian Natural Resources Ltd. (NYSE:CNQ) currently has a daily average trading volume of 5.18M but it saw 3746965 shares traded in last market. With a market cap of 73.61B USD, the company’s current market price of $34.68 came falling about -0.29 while comparing to the previous closing price of $34.78. 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 $34.11 while lowest mark touched by it was $35.78.

Taking a look at 20-day trading activity of Canadian Natural Resources Ltd. (CNQ) gives us an average price of $33.28, while its current price level is -16.01% below from 52-week high level whereas it is 17.74% 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 $34.48 while that of 200 days or SMA-200 reads an average of $35.16. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.14% during that period while stretching the period over a month that decreases to 2.50%. 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 54.71 which implies that the stock is in neutral territory.

Over the week, CNQ’s stock price is moving 2.91% up while it is -0.40% when we observe its performance for the past one month. Year-to-date it is 5.86% up and over the past year, the stock is showing an upside performance of 9.90%.

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 13.33 while having a 12.40 of forward P/E ratio. Stock’s beta reads 1.52. Stock has a price to book (P/B) ratio of 2.56 while price to sale or P/S ratio amounts to 2.71. Its return on asset (ROA) is 10.08% on average.