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Canadian Natural Resources Ltd. (CNQ) Is Now En Route to Higher Prices

Canadian Natural Resources Ltd. (NYSE: CNQ) is 16.83% higher on its value in year-to-date trading and has touched a low of $52.66 and a high of $82.58 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 $76.83 in the last trading session, with the day’s loss setting it -0.28%.

Currently trading at $76.55, the stock is -1.97% and 6.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.46 million and changing -0.36% at the moment leaves the stock 17.17% off its SMA200. CNQ registered 25.78% gain for a year compared to 6-month gain of 14.44%.

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The stock witnessed a 3.74% loss in the last 1 month and extending the period to 3 months gives it a 21.55%, and is -3.38% 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 2.30% over the week and 2.10% over the month.

Canadian Natural Resources Ltd. (CNQ) has around 10272 employees, a market worth around $81.97B and $26.65B in sales. Current P/E ratio is 13.82 and Fwd P/E is 11.07. Profit margin for the company is 22.88%. Distance from 52-week low is 45.37% and -7.30% from its 52-week high. The company has generated returns on investments over the last 12 months (15.79%).

Canadian Natural Resources Ltd. quarterly earnings per share for the current quarter are estimated at $1.16 with sales reaching $5.72B over the same period.The EPS is expected to grow by 0.35% this year, but quarterly earnings will post -3.50% year-over-year. Quarterly sales are estimated to shrink -12.10% in year-over-year returns.

Canadian Natural Resources Ltd. (CNQ) Top Institutional Holders

The shares outstanding are 1.07B, and float is at 1.05B with Short Float at 10.26%.

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