Canadian Natural Resources Ltd. (NYSE: CNQ): To Buy Or Not To Buy, That Is The Question

Canadian Natural Resources Ltd. (CNQ) concluded trading on Wednesday at a closing price of $36.50, with 2.01 million shares of worth about $73.47 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.04% during that period and on Wednesday the price saw a gain of about 1.36%. Currently the company’s common shares owned by public are about 2.14B shares, out of which, 2.04B shares are available for trading.

Stock saw a price change of 3.46% in past 5 days and over the past one month there was a price change of -0.34%. Year-to-date (YTD), CNQ shares are showing a performance of 11.42% which increased to 29.64% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $26.81 but also hit the highest price of $41.29 during that period. The average intraday trading volume for Canadian Natural Resources Ltd. shares is 5.48 million. The stock is currently trading 3.64% above its 20-day simple moving average (SMA20), while that difference is down -1.30% for SMA50 and it goes to 6.20% higher than SMA200.

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Canadian Natural Resources Ltd. (NYSE: CNQ) currently have 2.14B outstanding shares and institutions hold larger chunk of about 77.94% of that.

The stock has a current market capitalization of $77.92B and its 3Y-monthly beta is at 1.54. PE ratio of stock for trailing 12 months is 14.54, while it has posted earnings per share of $2.51 in the same period. It has Quick Ratio of 0.61 while making debt-to-equity ratio of 0.32. 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 1.74% while standing at 2.27% over the month.

Stock’s fiscal year EPS is expected to drop by -10.69% while it is estimated to increase by 21.37% in next year. EPS is likely to shrink at an annualized rate of -0.74% for next 5-years, compared to annual growth of 27.79% made by the stock over the past 5-years.

On January 13, 2023, Stifel Resumed their recommendations, while on November 21, 2022, Goldman Upgrade their ratings for the stock with a price target of $69. Stock get a Hold rating from Jefferies on October 19, 2022.

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