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Canadian Natural Resources Limited (CNQ) Analysis & Opinions from Experts

Canadian Natural Resources Limited (NYSE: CNQ) is 4.61% higher on its value in year-to-date trading and has touched a low of $43.67 and a high of $68.02 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 $57.56 in the last trading session, with the day’s gains setting it 0.53%.

Currently trading at $58.09, the stock is 1.47% and 2.44% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.3 million and changing 0.92% at the moment leaves the stock 3.01% off its SMA200. CNQ registered -4.07% loss for a year compared to 6-month gain of -2.73%. The firm has a 50-day simple moving average (SMA 50) of $1.51 and a 200-day simple moving average (SMA200) of $3.54.

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The stock witnessed a -3.86% loss in the last 1 month and extending the period to 3 months gives it a 5.73%, and is 5.35% up 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 2.12% over the week and 2.54% over the month.

Canadian Natural Resources Limited (CNQ) has around 10035 employees, a market worth around $63.23B and $29.82B in sales. Current P/E ratio is 9.26 and Fwd P/E is 6.46. Profit margin for the company is 23.90%. Distance from 52-week low is 33.03% and -14.60% from its 52-week high. The company has generated returns on investments over the last 12 months (23.40%).

Canadian Natural Resources Limited is expected to release its quarterly report on 08/03/2023.The EPS is expected to grow by 47.30% this year.

Canadian Natural Resources Limited (CNQ) Top Institutional Holders

The shares outstanding are 1.10B, and float is at 1.09B with Short Float at 1.60%.

Canadian Natural Resources Limited (CNQ): Who are the competitors?

The company’s main competitors (and peers) include TotalEnergies SE (TTE) that is trading 14.12% up over the past 12 months and Occidental Petroleum Corporation (OXY) that is -5.66% lower over the same period. Imperial Oil Limited (IMO) is -8.01% down on the 1-year trading charts.

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