Canadian Natural Resources Ltd. (NYSE: CNQ): Reassessing Prospects

Canadian Natural Resources Ltd. (CNQ) concluded trading on Thursday at a closing price of $62.92, with 3.09 million shares of worth about $194.41 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.32% during that period and on Thursday the price saw a gain of about 4.76%. Currently the company’s common shares owned by public are about 1.10B shares, out of which, 1.06B shares are available for trading.

However, the stock later moved at a day high price of 62.99, or with a gain of 4.76%. Stock saw a price change of 3.86% in past 5 days and over the past one month there was a price change of -0.02%. Year-to-date (YTD), CNQ shares are showing a performance of -3.97% which increased to 4.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $48.81 but also hit the highest price of $68.74 during that period. The average intraday trading volume for Canadian Natural Resources Ltd. shares is 3.19 million. The stock is currently trading 1.30% above its 20-day simple moving average (SMA20), while that difference is down -1.11% for SMA50 and it goes to 2.37% higher than SMA200.

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Canadian Natural Resources Ltd. (NYSE: CNQ) currently have 1.10B outstanding shares and institutions hold larger chunk of about 76.02% of that.

The stock has a current market capitalization of $68.11B and its 3Y-monthly beta is at 1.53. PE ratio of stock for trailing 12 months is 13.19, while it has posted earnings per share of $4.77 in the same period. It has Quick Ratio of 0.65 while making debt-to-equity ratio of 0.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CNQ, volatility over the week remained 2.37% while standing at 2.19% over the month.

Analysts are in expectations that Canadian Natural Resources Ltd. (CNQ) stock would likely to be making an EPS of $1.6 in the current quarter, while forecast for next quarter EPS is $1.33 and it is $5.52 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.5 which is $1.72 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.46 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -32.16% while it is estimated to increase by 3.87% in next year. EPS is likely to shrink at an annualized rate of -0.74% for next 5-years, compared to annual growth of 36.34% made by the stock over the past 5-years.

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