Should You Sell Canadian Natural Resources Ltd (CNQ) And Go Away This Year?

Canadian Natural Resources Ltd (NYSE:CNQ) currently has a daily average trading volume of 4.64M but it saw 2979852 shares traded in last market. With a market cap of 101.08B USD, the company’s current market price of $34.64 came rising about 0.67 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 $34.01 while lowest mark touched by it was $34.82.

Taking a look at 20-day trading activity of Canadian Natural Resources Ltd (CNQ) gives us an average price of $35.27, while its current price level is -16.11% below from 52-week high level whereas it is 17.60% 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 $34.60 while that of 200 days or SMA-200 reads an average of $35.55. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.21% during that period while stretching the period over a month that decreases to 1.90%. 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 47.80 which implies that the stock is in neutral territory.

Over the week, CNQ’s stock price is moving 1.32% up while it is -4.73% when we observe its performance for the past one month. Year-to-date it is 5.74% up and over the past year, the stock is showing an upside performance of 4.18%.

Currently, Canadian Natural Resources Ltd’s total number of outstanding shares is 2.14B. Company’s return on investment (ROI) stands at 15.20% and return on equity (ROE) at 18.95%. It has a price to earnings ratio (P/E ratio) of 13.40 while having a 12.97 of forward P/E ratio. Stock’s beta reads 1.51. Stock has a price to book (P/B) ratio of 2.48 while price to sale or P/S ratio amounts to 3.85. Its return on asset (ROA) is 9.95% on average.