Canadian Natural Resources Ltd (CNQ): Investing In A Time Of Crisis

Canadian Natural Resources Ltd (NYSE:CNQ) currently has a daily average trading volume of 7.61M but it saw 5218445 shares traded in last market. With a market cap of 59.14B USD, the company’s current market price of $28.17 came rising about 3.00 while comparing to the previous closing price of $27.35. In past 52 weeks, the stock remained buoying in the range of price level as high as $39.37 and as low as $24.65. In the recent trading on the day, stock has struck highest price mark of $27.59 while lowest mark touched by it was $28.55.

Taking a look at 20-day trading activity of Canadian Natural Resources Ltd (CNQ) gives us an average price of $29.13, while its current price level is -28.44% below from 52-week high level whereas it is 14.28% 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 $29.29 while that of 200 days or SMA-200 reads an average of $32.69. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.13% during that period while stretching the period over a month that increases to 4.15%. 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 47.41 which implies that the stock is in neutral territory.

Over the week, CNQ’s stock price is moving 1.26% up while it is -6.07% when we observe its performance for the past one month. Year-to-date it is -8.75% down and over the past year, the stock is showing a downside performance of -27.34%.

The company is expected to be releasing its next quarterly report on 2025-Mar-05, for which analysts forecasted an EPS of 1.08 while estimate for next year EPS is 3.7. In next quarter, company is expected to be making quarterly sales of $8.91B as analysts are expecting the sales for current fiscal year at $38.07B and seeing the company making $37.11B in sales next year. Moreover, analysts are in estimates of $10.19B for current-quarter revenue.

Currently, Canadian Natural Resources Ltd’s total number of outstanding shares is 2.10B with 2.13% of that held by the insiders while 70.89% 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 13.51 while having a 10.79 of forward P/E ratio. Stock’s beta reads 1.09. Stock has a price to book (P/B) ratio of 2.16 while price to sale or P/S ratio amounts to 2.27. Its return on asset (ROA) is 7.30% on average.