Canadian Natural Resources Ltd (NYSE: CNQ) is -0.23% lower on its value in year-to-date trading and has touched a low of $25.62 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 $30.56 in the last trading session, with the day’s gains setting it 0.24%.
Currently trading at $30.80, the stock is 3.99% and 2.65% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.38 million and changing 0.79% at the moment leaves the stock -6.97% off its SMA200. CNQ registered -18.38% loss for a year compared to 6-month loss of -5.64%. The firm has a 50-day simple moving average (SMA 50) of $30.0046 and a 200-day simple moving average (SMA200) of $33.10655.
The stock witnessed a 8.95% gain in the last 1 month and extending the period to 3 months gives it a 2.26%, and is 0.03% 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 1.88% over the week and 2.88% over the month.
Canadian Natural Resources Ltd (CNQ) has around 10640 employees, a market worth around $64.68B and $26.02B in sales. Current P/E ratio is 14.77 and Fwd P/E is 11.07. Profit margin for the company is 17.14%. Distance from 52-week low is 20.22% and -25.41% from its 52-week high. The company has generated returns on investments over the last 12 months (11.24%).
The EPS is expected to grow by 12.22% this year.
Canadian Natural Resources Ltd (CNQ) Top Institutional Holders
917.0 institutions hold shares in Canadian Natural Resources Ltd (CNQ), with institutional investors hold 76.53% of the company’s shares. The shares outstanding are 2.10B, and float is at 2.05B with Short Float at 2.00%. Institutions hold 73.23% 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 13.6214% 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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