The Week Ahead: Are Investors Really Too Optimistic About Canadian Natural Resources Ltd (NYSE: CNQ)

Canadian Natural Resources Ltd (NYSE:CNQ) currently has a daily average trading volume of 4.59M but it saw 3497600 shares traded in last market. With a market cap of 70.15B USD, the company’s current market price of $33.25 came rising about 0.42 while comparing to the previous closing price of $33.11. 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 $33.15 while lowest mark touched by it was $33.68.

Taking a look at 20-day trading activity of Canadian Natural Resources Ltd (CNQ) gives us an average price of $33.83, while its current price level is -19.47% below from 52-week high level whereas it is 12.88% 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 $34.62 while that of 200 days or SMA-200 reads an average of $35.81. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.07% during that period while stretching the period over a month that increases to 2.37%. 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 43.73 which implies that the stock is in neutral territory.

Over the week, CNQ’s stock price is moving -0.81% down while it is -3.37% when we observe its performance for the past one month. Year-to-date it is 1.50% up and over the past year, the stock is showing an upside performance of 0.23%.

Currently, Canadian Natural Resources Ltd’s total number of outstanding shares is 2.11B. 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 12.86 while having a 12.48 of forward P/E ratio. Stock’s beta reads 1.48. Stock has a price to book (P/B) ratio of 2.38 while price to sale or P/S ratio amounts to 2.67. Its return on asset (ROA) is 9.95% on average.