Canadian Natural Resources Ltd (NYSE: CNQ) is -0.52% lower on its value in year-to-date trading and has touched a low of $28.65 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 $30.38 in the last trading session, with the day’s gains setting it 0.33%.
Currently trading at $30.71, the stock is -0.95% and -2.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.54 million and changing 1.09% at the moment leaves the stock -10.95% off its SMA200. CNQ registered 1.82% gain for a year compared to 6-month loss of -10.73%. The firm has a 50-day simple moving average (SMA 50) of $31.5146 and a 200-day simple moving average (SMA200) of $34.525974.
The stock witnessed a -5.88% gain in the last 1 month and extending the period to 3 months gives it a -11.35%, and is 2.30% 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 2.65% over the week and 3.00% over the month.
Canadian Natural Resources Ltd (CNQ) has around 10272 employees, a market worth around $64.79B and $26.26B in sales. Current P/E ratio is 11.88 and Fwd P/E is 11.99. Profit margin for the company is 21.23%. Distance from 52-week low is 7.19% and -25.62% 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 -12.91% this year.
Canadian Natural Resources Ltd (CNQ) Top Institutional Holders
905.0 institutions hold shares in Canadian Natural Resources Ltd (CNQ), with institutional investors hold 79.85% of the company’s shares. The shares outstanding are 2.11B, and float is at 2.06B with Short Float at 0.66%. Institutions hold 76.37% 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
#####
