Canadian Natural Resources Ltd (NYSE: CNQ) is -11.61% lower on its value in year-to-date trading and has touched a low of $24.65 and a high of $37.91 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 $31.75 in the last trading session, with the day’s gains setting it 0.38%.
Currently trading at $32.13, the stock is -0.78% and 3.13% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.02 million and changing 1.20% at the moment leaves the stock 1.76% off its SMA200. CNQ registered 4.08% gain for a year compared to 6-month loss of 2.46%. The firm has a 50-day simple moving average (SMA 50) of $31.1542 and a 200-day simple moving average (SMA200) of $31.575.
The stock witnessed a 3.68% gain in the last 1 month and extending the period to 3 months gives it a 16.50%, and is 2.32% 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 2.27% over the week and 2.30% over the month.
Canadian Natural Resources Ltd (CNQ) has around 10640 employees, a market worth around $67.26B and $27.53B in sales. Current P/E ratio is 12.56 and Fwd P/E is 13.79. Profit margin for the company is 19.77%. Distance from 52-week low is 30.34% and -15.24% from its 52-week high. The company has generated returns on investments over the last 12 months (13.60%).
with sales reaching $9B over the same period.The EPS is expected to grow by 0.78% this year, but quarterly earnings will post 5.38% year-over-year. Quarterly sales are estimated to shrink -0.54% in year-over-year returns.
Canadian Natural Resources Ltd (CNQ) Top Institutional Holders
917.0 institutions hold shares in Canadian Natural Resources Ltd (CNQ), with institutional investors hold 79.17% of the company’s shares. The shares outstanding are 2.10B, and float is at 2.05B with Short Float at 3.86%. Institutions hold 77.47% 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.
