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 5.21M but it saw 4763016 shares traded in last market. With a market cap of 74.86B USD, the company’s current market price of $35.27 came falling about -0.25 while comparing to the previous closing price of $35.36. 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 $35.235 while lowest mark touched by it was $35.63.

Taking a look at 20-day trading activity of Canadian Natural Resources Ltd. (CNQ) gives us an average price of $35.04, while its current price level is -14.58% below from 52-week high level whereas it is 19.74% 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 $34.91 while that of 200 days or SMA-200 reads an average of $35.36. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.90% during that period while stretching the period over a month that increases to 2.32%. 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 50.52 which implies that the stock is in neutral territory.

Over the week, CNQ’s stock price is moving -3.48% down while it is 7.37% when we observe its performance for the past one month. Year-to-date it is 7.66% up and over the past year, the stock is showing an upside performance of 4.61%.

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 13.56 while having a 13.22 of forward P/E ratio. Stock’s beta reads 1.53. Stock has a price to book (P/B) ratio of 2.60 while price to sale or P/S ratio amounts to 2.76. Its return on asset (ROA) is 10.08% on average.