Canadian Natural Resources Limited (CNQ): Keep paying attention to its insider activity

Canadian Natural Resources Limited (NYSE:CNQ) saw an upside of 1.13% to close Monday at $40.21 after adding $0.45 on the day. The 5-day average trading volume is 3,645,900 shares of the company’s common stock. It has gained $41.49 in the past week. An average of 3,656,630 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,088,768.

CNQ’s 1-month performance is 20.25% or $6.77 on its low of $31.71 reached on 09/20/21. The company’s shares have touched a 52-week low of $15.17 and high of $39.94, with the stock’s rally to the 52-week high happening on 10/11/21. YTD, CNQ has achieved 67.19% or $16.16. However, the current price is up 0.69%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 463.97 and a low of 2.275. CNQ stock has a beta of 1.82. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.58 while the price-to-book (PB) in the most recent quarter is 1.75, with the price to cash flow ratio at 8.66.

Canadian Natural Resources Limited pays an annual dividend of $1.49 per share. Its dividend yield is 3.71% and the payout ratio is 65.10%. CNQ’s most recent quarterly dividend payment was made on Oct. 5, when it paid $0.3748 a share compared with prior rate of $0.3855, down -2.85% from last year’s. The company latest dividend decrease of $0.0107 reported on Friday August 6 2021. Measured over the last 3 years, the Dividend has been growing by 50.17% yearly.

It is projected that Canadian Natural Resources Limited’s next ex-dividend date will be on 10-Dec. CNQ is expected to distribute $0.47 as its next dividend.

Canadian Natural Resources Limited’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 0.80 meaning that CNQ stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.51, while the total debt to equity was 0.58. In terms of profitability, the gross margin trailing 12 months is 46.90%. The trailing 12-month EBITDA margin is 34.37% while for the period ending June 29; Canadian Natural Resources Limited’s operating margin was 19.40%. The firm’s gross profit as reported stood at $4.56 billion against revenue of $12.61 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CNQ to announce $0.73 per share in earnings in its latest quarter, but it posted $0.99, representing a 35.60% surprise. EBITDA for the quarter stood at more than $2.51 billion. CNQ stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 33.24 billion, with total debt at $19.95 billion

Technical Picture

Let’s look briefly at Canadian Natural Resources Limited (CNQ) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 78.88% to suggest the stock is trending Overbought, with historical volatility in this time period at 20.06%.

The stock’s 5-day moving average is $39.25, reflecting a +5.48% or $2.09 change from its current price. CNQ is currently trading +15.91% above its 20-day SMA, +21.33% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +21.77% and +67.19% respectively.

Stochastic %K and %D was 91.70% and 92.10% and the average true range (ATR) pointed at 1.25. The RSI (14) points at 73.15%, while the 14-day stochastic is at 84.75% with the period’s ATR at 1.20. The stock’s 9-day MACD Oscillator is pointing at 1.41 and 2.48 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Canadian Natural Resources Limited (NYSE: CNQ), Morgan Stanley launched coverage with an Equal-weight rating. Analysts offering their rating for CNQ stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CNQ as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 15 have offered a “buy” rating.

What is CNQ’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $35.26 and a high of $62.53, with their median price target at $43.92. Looking at these predictions, the average price target given by analysts is for Canadian Natural Resources Limited (CNQ) stock is $45.04.

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