Canadian Natural Resources Ltd. [NYSE: CNQ] stock went on an upward path that rose over 0.56% on Thursday, amounting to a one-week price increase of more than 3.57%.
Over the last 12 months, CNQ stock rose by 35.95%. The one-year Canadian Natural Resources Ltd. stock forecast points to a potential upside of 6.79. The average equity rating for CNQ stock is currently 1.86, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $83.02 billion, with 1.07 billion shares outstanding and 1.05 billion shares in the current float. Compared to the average trading volume of 3.21M shares, CNQ stock reached a trading volume of 2283723 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Canadian Natural Resources Ltd. [CNQ]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNQ shares is $83.18 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNQ stock is a recommendation set at 1.86. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Desjardins have made an estimate for Canadian Natural Resources Ltd. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on April 23, 2024. While these analysts kept the previous recommendation, UBS raised their target price to Buy. The new note on the price target was released on July 12, 2023, representing the official price target for Canadian Natural Resources Ltd. stock. On November 21, 2022, analysts increased their price target for CNQ shares from 62 to 69.
The Average True Range (ATR) for Canadian Natural Resources Ltd. is set at 1.59, with the Price to Sales ratio for CNQ stock in the period of the last 12 months amounting to 3.15. The Price to Book ratio for the last quarter was 2.84, with the Price to Cash per share for the same quarter was set at 0.94. Price to Free Cash Flow for CNQ in the course of the last twelve months was 12.21 with Quick ratio for the last quarter at 0.61.
CNQ Stock Performance Analysis:
Canadian Natural Resources Ltd. [CNQ] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.57. With this latest performance, CNQ shares dropped by -5.82% in over the last four-week period, additionally plugging by 21.56% over the last 6 months – not to mention a rise of 35.95% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNQ stock in for the last two-week period is set at 55.94, with the RSI for the last a single of trading hit 57.89, and the three-weeks RSI is set at 56.73 for Canadian Natural Resources Ltd. [CNQ]. The present Moving Average for the last 50 days of trading for this stock 75.88, while it was recorded at 76.34 for the last single week of trading, and 66.78 for the last 200 days.
Insight into Canadian Natural Resources Ltd. Fundamentals:
Canadian Natural Resources Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.61 and a Current Ratio set at 0.88.
CNQ Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CNQ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Canadian Natural Resources Ltd. go to -0.74%.
Canadian Natural Resources Ltd. [CNQ] Institutonal Ownership Details
The top three institutional holders of CNQ stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in CNQ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in CNQ stock with ownership which is approximately 5.8386%.
