It’s Not A Fantasy To Think That Canadian Natural Resources Ltd. (CNQ) Has Big Future Potential

Canadian Natural Resources Ltd. (NYSE:CNQ) currently has a daily average trading volume of 4.85M but it saw 3979716 shares traded in last market. With a market cap of 100.82B USD, the company’s current market price of $34.19 came falling about -0.64 while comparing to the previous closing price of $34.41. 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 $34.165 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 $35.72, while its current price level is -17.20% below from 52-week high level whereas it is 16.08% 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 $34.82 while that of 200 days or SMA-200 reads an average of $35.47. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.82% during that period while stretching the period over a month that increases to 2.07%. 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 41.99 which implies that the stock is in neutral territory.

Over the week, CNQ’s stock price is moving -2.62% down while it is -1.70% when we observe its performance for the past one month. Year-to-date it is 4.37% up and over the past year, the stock is showing an upside performance of 7.23%.

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 13.15 while having a 12.88 of forward P/E ratio. Stock’s beta reads 1.53. Stock has a price to book (P/B) ratio of 2.52 while price to sale or P/S ratio amounts to 3.72. Its return on asset (ROA) is 10.08% on average.