Canadian Natural Resources Ltd. (NYSE: CNQ) is -1.31% lower on its value in year-to-date trading and has touched a low of $29.45 and a high of $41.29 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CNQ stock was last observed hovering at around $31.97 in the last trading session, with the day’s gains setting it 0.36%.
Currently trading at $32.33, the stock is -7.56% and -7.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.28 million and changing 1.13% at the moment leaves the stock -7.83% off its SMA200. CNQ registered -0.02% loss for a year compared to 6-month gain of -10.94%.
The stock witnessed a -11.98% loss in the last 1 month and extending the period to 3 months gives it a -4.83%, and is -3.46% 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 2.63% over the week and 2.15% over the month.
Canadian Natural Resources Ltd. (CNQ) has around 10272 employees, a market worth around $68.62B and $27.12B in sales. Current P/E ratio is 12.43 and Fwd P/E is 10.86. Profit margin for the company is 20.88%. Distance from 52-week low is 9.76% and -21.70% from its 52-week high. The company has generated returns on investments over the last 12 months (15.47%).
The EPS is expected to shrink by -7.66% this year.
Canadian Natural Resources Ltd. (CNQ) Top Institutional Holders
897.0 institutions hold shares in Canadian Natural Resources Ltd. (CNQ), with institutional investors hold 81.30% of the company’s shares. The shares outstanding are 2.14B, and float is at 2.03B with Short Float at 5.49%. Institutions hold 77.85% of the Float.
The top institutional shareholder in the company is CAPITAL WORLD INVESTORS with over 290.59 million shares valued at $10.35 billion. The investor’s holdings represent 13.566% of the CNQ Shares outstanding. As of 2024-06-30, the second largest holder is ROYAL BANK OF CANADA with 114.83 million shares valued at $4.09 billion to account for 5.3604 of the shares outstanding. The other top investors are CAPITAL RESEARCH GLOBAL INVESTORS which holds 111.65 million shares representing 5.2122% and valued at over $3.98 billion, while VANGUARD GROUP INC holds 4.1021 of the shares totaling 87.87 million with a market value of $3.13 billion.
Canadian Natural Resources Ltd. (CNQ) Insider Activity
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