Canadian Natural Resources Ltd (NYSE: CNQ) is -13.44% lower on its value in year-to-date trading and has touched a low of $27.66 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 $28.27 in the last trading session, with the day’s loss setting it -1.55%.
Currently trading at $26.72, the stock is -10.49% and -12.54% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.17 million and changing -5.48% at the moment leaves the stock -21.12% off its SMA200. CNQ registered -19.31% loss for a year compared to 6-month loss of -26.83%.
The stock witnessed a -13.67% gain in the last 1 month and extending the period to 3 months gives it a -19.52%, and is -8.99% 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 3.66% over the week and 2.93% over the month.
Canadian Natural Resources Ltd (CNQ) has around 10272 employees, a market worth around $56.38B and $26.26B in sales. Current P/E ratio is 10.33 and Fwd P/E is 10.42. Profit margin for the company is 21.23%. Distance from 52-week low is -3.40% and -35.29% 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 0.45%.
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
A total of 0 insider transactions have happened at Canadian Natural Resources Ltd (CNQ) in the last six months, with sales accounting for 0 and purchases happening 0 times.
Canadian Natural Resources Ltd (CNQ): Who are the competitors?
The company’s main competitors (and peers) include TotalEnergies SE ADR (TTE) that is trading -7.00% down over the past 12 months. Occidental Petroleum Corp. (OXY) that is -23.45% lower over the same period.
