Canadian Natural Resources Ltd. (CNQ) Stock Could Soon Reward Patient Investors

Canadian Natural Resources Ltd. (NYSE: CNQ) is 5.98% higher 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 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 $35.55 in the last trading session, with the day’s loss setting it -0.83%.

Currently trading at $34.72, the stock is -2.93% and -0.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.93 million and changing -2.33% at the moment leaves the stock -2.07% off its SMA200. CNQ registered 8.25% gain for a year compared to 6-month loss of -11.20%. The firm has a 50-day simple moving average (SMA 50) of $34.8938 and a 200-day simple moving average (SMA200) of $35.45225.

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The stock witnessed a 4.55% gain in the last 1 month and extending the period to 3 months gives it a 1.58%, and is -2.75% 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 1.73% over the week and 2.25% over the month.

Canadian Natural Resources Ltd. (CNQ) has around 10272 employees, a market worth around $73.70B and $27.12B in sales. Current P/E ratio is 13.35 and Fwd P/E is 13.07. Profit margin for the company is 20.88%. Distance from 52-week low is 17.87% and -15.91% from its 52-week high. The company has generated returns on investments over the last 12 months (15.47%).

with sales reaching $6.48B over the same period.The EPS is expected to shrink by -13.64% this year, but quarterly earnings will post -2.70% year-over-year. Quarterly sales are estimated to shrink -5.40% in year-over-year returns.

Canadian Natural Resources Ltd. (CNQ) Top Institutional Holders

884.0 institutions hold shares in Canadian Natural Resources Ltd. (CNQ), with institutional investors hold 81.21% of the company’s shares. The shares outstanding are 2.14B, and float is at 2.03B with Short Float at 2.50%. Institutions hold 77.74% 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.