A Few Bright Spots In Canadian Natural Resources Ltd (NYSE: CNQ)

Canadian Natural Resources Ltd (NYSE:CNQ) currently has a daily average trading volume of 6.41M but it saw 7775520 shares traded in last market. With a market cap of 61.43B USD, the company’s current market price of $29.25 came rising about 1.81 while comparing to the previous closing price of $28.73. In past 52 weeks, the stock remained buoying in the range of price level as high as $41.29 and as low as $25.62. In the recent trading on the day, stock has struck highest price mark of $28.74 while lowest mark touched by it was $29.445.

Taking a look at 20-day trading activity of Canadian Natural Resources Ltd (CNQ) gives us an average price of $28.96, while its current price level is -29.16% below from 52-week high level whereas it is 14.17% 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 $30.30 while that of 200 days or SMA-200 reads an average of $33.52. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.98% during that period while stretching the period over a month that increases to 2.99%. 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 50.33 which implies that the stock is in neutral territory.

Over the week, CNQ’s stock price is moving 6.64% up while it is -4.75% when we observe its performance for the past one month. Year-to-date it is -5.25% down and over the past year, the stock is showing a downside performance of -18.40%.

The company is expected to be releasing its next quarterly report on 2025-Mar-05, for which analysts forecasted an EPS of 1.05 while estimate for next year EPS is 3.87. In next quarter, company is expected to be making quarterly sales of $8.82B as analysts are expecting the sales for current fiscal year at $38.66B and seeing the company making $39.17B in sales next year. Moreover, analysts are in estimates of $9.97B for current-quarter revenue.

Currently, Canadian Natural Resources Ltd’s total number of outstanding shares is 2.10B with 4.31% of that held by the insiders while 73.20% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 11.24% and return on equity (ROE) at 15.47%. It has a price to earnings ratio (P/E ratio) of 14.03 while having a 10.34 of forward P/E ratio. Stock’s beta reads 1.16. Stock has a price to book (P/B) ratio of 2.24 while price to sale or P/S ratio amounts to 2.36. Its return on asset (ROA) is 7.45% on average.