Canadian Natural Resources Ltd (NYSE: CNQ) is -13.90% 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 $27.58 in the last trading session, with the day’s loss setting it -1.0%.
Currently trading at $26.58, the stock is -11.41% and -10.78% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.61 million and changing -3.63% at the moment leaves the stock -19.41% off its SMA200. CNQ registered -33.63% loss for a year compared to 6-month loss of -24.68%. The firm has a 50-day simple moving average (SMA 50) of $29.791 and a 200-day simple moving average (SMA200) of $32.9826.
The stock witnessed a -6.31% gain in the last 1 month and extending the period to 3 months gives it a -15.81%, and is -13.70% 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 4.75% over the week and 2.78% over the month.
Canadian Natural Resources Ltd (CNQ) has around 10640 employees, a market worth around $55.82B and $26.02B in sales. Current P/E ratio is 12.75 and Fwd P/E is 9.58. Profit margin for the company is 17.14%. Distance from 52-week low is 3.75% and -35.63% from its 52-week high. The company has generated returns on investments over the last 12 months (11.24%).
with sales reaching $10.14B over the same period.The EPS is expected to grow by 11.98% this year, but quarterly earnings will post 8.41% year-over-year. Quarterly sales are estimated to grow 23.02% in year-over-year returns.
Canadian Natural Resources Ltd (CNQ) Top Institutional Holders
906.0 institutions hold shares in Canadian Natural Resources Ltd (CNQ), with institutional investors hold 76.31% 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 73.02% 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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