Canadian Natural Resources Ltd. [NYSE: CNQ] traded at a low on Tuesday, posting a -4.46 loss after which it closed the day’ session at $35.36.
The results of the trading session contributed to over 6099407 shares changing hands. Over the past one week, the price volatility of Canadian Natural Resources Ltd. stands at 2.15% while the volatility over the past one month is 2.36%.
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The market cap for CNQ stock reached $75.05 billion, with 2.14 billion shares outstanding and 2.03 billion shares in the current float. Compared to the average trading volume of 5.23M shares, CNQ reached a trading volume of 6099407 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about 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 $41.09 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 1.96. 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.
Wolfe Research have made an estimate for Canadian Natural Resources Ltd. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on July 18, 2024. The new note on the price target was released on April 23, 2024, representing the official price target for Canadian Natural Resources Ltd. stock.
The Average True Range (ATR) for Canadian Natural Resources Ltd. is set at 0.99, with the Price to Sales ratio for CNQ stock in the period of the last 12 months amounting to 2.77. The Price to Book ratio for the last quarter was 2.61, with the Price to Cash per share for the same quarter was set at 0.32. Price to Free Cash Flow for CNQ in the course of the last twelve months was 9.75 with Quick ratio for the last quarter at 0.59.
How has CNQ stock performed recently?
Canadian Natural Resources Ltd. [CNQ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.75. With this latest performance, CNQ shares gained by 9.37% in over the last four-week period, additionally sinking by -8.62% over the last 6 months – not to mention a rise of 5.93% 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 51.09, with the RSI for the last a single of trading hit 48.15, and the three-weeks RSI is set at 51.41 for Canadian Natural Resources Ltd. [CNQ]. The present Moving Average for the last 50 days of trading for this stock 34.87, while it was recorded at 36.79 for the last single week of trading, and 35.34 for the last 200 days.
Canadian Natural Resources Ltd. [CNQ]: Deeper insight into the fundamentals
Canadian Natural Resources Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.59 and a Current Ratio set at 0.88.
Earnings analysis for Canadian Natural Resources Ltd. [CNQ]
With the latest financial reports released by the company, Canadian Natural Resources Ltd. posted 0.94/share EPS, while the average EPS was predicted by analysts to be reported at 0.86/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.08. 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 4.00%.
Insider trade positions for Canadian Natural Resources Ltd. [CNQ]
There are presently around $77.88%, or 81.35%% of CNQ stock, in the hands of institutional investors. The top three institutional holders of CNQ stocks are: CAPITAL WORLD INVESTORS with ownership of 290.59 million shares, which is approximately 13.566%. ROYAL BANK OF CANADA, holding 114.83 million shares of the stock with an approximate value of $$4.09 billion in CNQ stocks shares; and ROYAL BANK OF CANADA, currently with $$3.98 billion in CNQ stock with ownership which is approximately 5.2122%.
