Canadian Natural Resources Ltd (NYSE: CNQ) is -1.50% 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 $33.25 in the last trading session, with the day’s loss setting it -0.98%.
Currently trading at $32.27, the stock is -4.26% and -6.76% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.23 million and changing -2.95% at the moment leaves the stock -9.88% off its SMA200. CNQ registered 3.13% gain for a year compared to 6-month loss of -8.26%. The firm has a 50-day simple moving average (SMA 50) of $34.6102 and a 200-day simple moving average (SMA200) of $35.8096.
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The stock witnessed a -6.84% gain in the last 1 month and extending the period to 3 months gives it a -3.64%, and is -4.58% 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 2.46% over the week and 2.38% over the month.
Canadian Natural Resources Ltd (CNQ) has around 10272 employees, a market worth around $68.09B and $26.26B in sales. Current P/E ratio is 12.48 and Fwd P/E is 12.11. Profit margin for the company is 21.23%. Distance from 52-week low is 9.56% and -21.85% from its 52-week high. The company has generated returns on investments over the last 12 months (15.20%).
The EPS is expected to shrink by -12.71% this year.
Canadian Natural Resources Ltd (CNQ) Top Institutional Holders
908.0 institutions hold shares in Canadian Natural Resources Ltd (CNQ), with institutional investors hold 79.33% of the company’s shares. The shares outstanding are 2.11B, and float is at 2.02B with Short Float at 2.52%. Institutions hold 75.91% 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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