Look For Institutional Buying In Canadian Natural Resources Ltd (NYSE: CNQ)

Canadian Natural Resources Ltd (CNQ) concluded trading on Wednesday at a closing price of $33.35, with 4.91 million shares of worth about $163.66 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -12.27% during that period and on November 13, 2024 the price saw a loss of about -1.21%. Currently the company’s common shares owned by public are about 2.14B shares, out of which, 2.02B shares are available for trading.

Stock saw a price change of -3.72% in past 5 days and over the past one month there was a price change of -5.68%. Year-to-date (YTD), CNQ shares are showing a performance of 1.80% which increased to 2.33% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $29.45 but also hit the highest price of $41.29 during that period. The average intraday trading volume for Canadian Natural Resources Ltd shares is 4.60 million. The stock is currently trading -3.75% below its 20-day simple moving average (SMA20), while that difference is down -3.14% for SMA50 and it goes to -6.31% lower 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 74.47% of that.

The stock has a current market capitalization of $98.10B and its 3Y-monthly beta is at 1.49. PE ratio of stock for trailing 12 months is 12.90, while it has posted earnings per share of $2.59 in the same period. Its PEG reads 2.58 and has Quick Ratio of 0.53 while making debt-to-equity ratio of 0.29. 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 2.78% while standing at 2.05% over the month.

Stock’s fiscal year EPS is expected to drop by -12.67% while it is estimated to increase by 7.25% in next year. EPS is likely to shrink at an annualized rate of 5.00% for next 5-years, compared to annual growth of 27.79% made by the stock over the past 5-years.

Stock get a Buy rating from Goldman on November 21, 2022.

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