Canadian Natural Resources Limited (NYSE: CNQ) is 28.15% higher on its value in year-to-date trading and has touched a low of $11.77 and a high of $32.64 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CNQ stock was last observed hovering at around $31.58 in the last trading session, with the day’s loss setting it -0.76% off its average median price target of $36.65 for the next 12 months. It is also 28.26% off the consensus price target high of $42.96 offered by 22 analysts, but current levels are -11.02% lower than the price target low of $27.76 for the same period.
Currently trading at $30.82, the stock is -0.07% and 9.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.06 million and changing -2.41% at the moment leaves the stock 40.74% off its SMA200. CNQ registered 120.62% gain for a year compared to 6-month gain of 98.33%. The firm has a 50-day simple moving average (SMA 50) of $29.90 and a 200-day simple moving average (SMA200) of $23.54.
The stock witnessed a 1.55% loss in the last 1 month and extending the period to 3 months gives it a 28.15%, and is -0.64% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.61% over the week and 3.18% over the month.
Canadian Natural Resources Limited (CNQ) has around 9993 employees, a market worth around $35.81B and $13.45B in sales. Fwd P/E is 12.64. Profit margin for the company is -2.60%. Distance from 52-week low is 161.85% and -5.58% from its 52-week high. The company has generated returns on investments over the last 12 months (0.00%).
Canadian Natural Resources Limited (CNQ) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Canadian Natural Resources Limited (CNQ) is a “Overweight”. 22 analysts offering their recommendations for the stock have an average rating of 1.90, where 5 rate it as a Hold and 1 think it is a “Overweight”. 16 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Canadian Natural Resources Limited is expected to release its quarterly report on 08/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.49 with sales reaching $3.97B over the same period.The EPS is expected to shrink by -108.10% this year, but quarterly earnings will post 21.50% year-over-year. Quarterly sales are estimated to grow 38.40% in year-over-year returns.
Canadian Natural Resources Limited (CNQ) Top Institutional Holders
580 institutions hold shares in Canadian Natural Resources Limited (CNQ), with 25.93M shares held by insiders accounting for 2.19% while institutional investors hold 73.63% of the company’s shares. The shares outstanding are 1.18B, and float is at 1.16B with Short Float at 0.54%. Institutions hold 72.02% of the Float.
The top institutional shareholder in the company is Capital Research Global Investors with over 137.92 million shares valued at $3.32 billion. The investor’s holdings represent 11.63% of the CNQ Shares outstanding. As of Dec 30, 2020, the second largest holder is Royal Bank of Canada with 55.57 million shares valued at $1.34 billion to account for 4.69% of the shares outstanding. The other top investors are Capital World Investors which holds 52.31 million shares representing 4.41% and valued at over $1.26 billion, while FIL LTD holds 3.82% of the shares totaling 45.33 million with a market value of $1.09 billion.
Canadian Natural Resources Limited (CNQ): Who are the competitors?
The company’s main competitors (and peers) include TOTAL SE (TOT) that is trading 15.89% up over the past 12 months and Occidental Petroleum Corporation (OXY) that is 98.20% higher over the same period. Imperial Oil Limited (IMO) is 102.61% up on the 1-year trading charts. Short interest in the company’s stock has fallen -52.15% from the last report on Feb 11, 2021 to stand at a total of 9.54 million short shares sold with a short interest ratio of 1.54.