Canadian Natural Resources Ltd (NYSE: CNQ) is -0.16% lower on its value in year-to-date trading and has touched a low of $24.65 and a high of $38.86 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 $30.73 in the last trading session, with the day’s gains setting it 0.09%.
Currently trading at $30.82, the stock is 2.70% and 4.37% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.57 million and changing 0.29% at the moment leaves the stock -3.73% off its SMA200. CNQ registered -20.22% loss for a year compared to 6-month loss of -8.44%. The firm has a 50-day simple moving average (SMA 50) of $29.5308 and a 200-day simple moving average (SMA200) of $32.01255.
The stock witnessed a 6.46% gain in the last 1 month and extending the period to 3 months gives it a 2.84%, and is -0.26% 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 0.38% over the week and 1.90% over the month.
Canadian Natural Resources Ltd (CNQ) has around 10640 employees, a market worth around $64.70B and $27.53B in sales. Current P/E ratio is 12.05 and Fwd P/E is 12.65. Profit margin for the company is 19.77%. Distance from 52-week low is 25.03% and -20.68% from its 52-week high. The company has generated returns on investments over the last 12 months (13.60%).
with sales reaching $9.19B over the same period.The EPS is expected to grow by 3.54% this year, but quarterly earnings will post 7.20% year-over-year. Quarterly sales are estimated to grow 1.51% in year-over-year returns.
913.0 institutions hold shares in Canadian Natural Resources Ltd (CNQ), with institutional investors hold 79.09% of the company’s shares. The shares outstanding are 2.10B, and float is at 2.05B with Short Float at 3.03%. Institutions hold 77.40% 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 4.1189 of the shares totaling 87.87 million with a market value of $3.13 billion.
