Canadian Natural Resources Ltd (NYSE: CNQ) is -4.89% 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 $29.97 in the last trading session, with the day’s loss setting it -0.61%.
Currently trading at $29.36, the stock is -3.68% and -5.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.54 million and changing -2.04% at the moment leaves the stock -13.98% off its SMA200. CNQ registered -9.74% loss for a year compared to 6-month loss of -17.69%..
The stock witnessed a -7.18% gain in the last 1 month and extending the period to 3 months gives it a -12.80%, and is -2.52% 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 2.23% over the week and 2.70% over the month.
Canadian Natural Resources Ltd (CNQ) has around 10272 employees, a market worth around $61.95B and $26.26B in sales. Current P/E ratio is 11.35 and Fwd P/E is 11.45. Profit margin for the company is 21.23%. Distance from 52-week low is 2.48% and -28.89% from its 52-week high. The company has generated returns on investments over the last 12 months (15.20%).
with sales reaching $9.27B over the same period.The EPS is expected to shrink by -12.76% this year, but quarterly earnings will post -1.53% year-over-year. Quarterly sales are estimated to shrink -2.99% in year-over-year returns.
Canadian Natural Resources Ltd (CNQ) Top Institutional Holders
The shares outstanding are 2.11B, and float is at 2.06B with Short Float at 0.46%.
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 13.6214% 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 5.3823 of the shares outstanding. The other top investors are CAPITAL RESEARCH GLOBAL INVESTORS which holds 111.65 million shares representing 5.2335% 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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