Canadian Natural Resources Limited (NYSE:CNQ) trading with an addition of $0.85 to $41.08 on Thursday, an upside of 2.11 percent. An average of 2,142,796 shares of common stock have been traded in the last five days. There was a gain of $2.20 in the past week, and it reached a new high 39 times over the past 12 months. The last 20 days have seen an average of 3,094,934 shares traded, while the 50-day average volume stands at 3,046,130.
CNQ stock has increased by 18.25% in the last month. The company shares reached their 1-month lowest point of $31.71 on 09/20/21. With the stock rallying to its 52-week high on 10/11/21, shares of the company touched a low of $15.17 and a high of $41.49 in 52 weeks. It has reached a new high 30 times so far this year and achieved 67.28% or $17.07 in price. In spite of this, the price is down -1.00% from the 52-week high.
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Canadian Natural Resources Limited (CNQ) has a trailing price-to-earnings (P/E) ratio of 14.67, which compares with the 18.90 for the broader industry and 19.86 for the sector. In the last five years, Canadian Natural Resources Limited’s PE ratio has ranged between 463.97 and 2.275. The stock’s beta is 1.82. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.58, the price-to-book (PB) ratio at 1.75, and the price-to-cash flow ratio at 8.67.
Canadian Natural Resources Limited pays a $1.49 dividend per share annually. It offers a dividend yield of 3.61%. The company has a payout ratio of 65.10%. The company’s most recent quarterly dividend payment took place on Oct. 5, and it was $0.3748 a share, representing a down of -2.85 from $0.3855 last year. Its latest decrease dividend $0.0107 reported on Friday August 6 2021. Dividends have grown by 50.17% each year over the last three years.
Canadian Natural Resources Limited will next go ex-dividend on 10-Dec. The next dividend payment Canadian Natural Resources Limited will make is expected to be $0.47.
The quick ratio of Canadian Natural Resources Limited for the three months ended June 29 was 0.60, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.51 and a total debt to equity ratio of 0.58 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 46.90% against a 5-year average of 12.5%. Canadian Natural Resources Limited’s EBITDA margin for the year ending June 29 is 34.37%, while its operating margin for the same period stands at 19.40%. Its gross profit as reported stood at $4.56 billion compared to revenue of $12.61 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Canadian Natural Resources Limited’s return on assets was 5.50%, compared to 2.7% over the last five years. In the past year, the return on investment has been 0.40%, and the 5-year average is 4.7%. Meanwhile, the return on equity (ROE) for the past 12 months has been 12.40% and the 5-year average holds at 6.1%. For the broader industry, ROE averaged 12.45 over the past year.
The analyst consensus anticipated Canadian Natural Resources Limited’s latest quarter earnings to come in at $0.74 per share, but it turned out to be $0.99, a 33.80% surprise. For the quarter, EBITDA amounted to $2.51 billion.
From a technical analysis perspective, let’s take a brief look at Canadian Natural Resources Limited (CNQ) price momentum. RSI 9-day as of the close on 13 October was 80.97%, suggesting the stock is Overbought, with historical volatility in this time frame at 22.41%.
As of today, CNQ’s price is $40.27 +5.65% or $2.20 from its 5-day moving average. CNQ is currently trading +18.88% higher than its 20-day SMA and +22.60% higher than its 100-day SMA. However, the stock’s current price level is +27.54% above the SMA50 and +72.85% above the SMA200.
The stochastic %K and %D were 85.24% and 85.02%, respectively, and the average true range (ATR) was 1.14. With the 14-day stochastic at 93.78% and the average true range at 1.13, the RSI (14) stands at 75.16%. The stock has reached 0.93 on the 9-day MACD Oscillator while the 14-day reading was at 2.08.
Morgan Stanley launched coverage on Canadian Natural Resources Limited (NYSE: CNQ) in its analyst report released on October 07, 2021. The firm assigned the stock a an Equal-weight rating.
What is CNQ’s price target for the next 12 months?
Analysts predict a range of price targets between $35.26 and $62.53, with a median target of $44.04. Taking a look at these predictions, the average price target given by analysts for Canadian Natural Resources Limited (CNQ) stock is $45.46.