Canadian Natural Resources Limited (NYSE:CNQ) saw a downside of -0.18% to close Tuesday at $61.31 after subtracting -$0.11 on the day. The 5-day average trading volume is 1,466,500 shares of the company’s common stock. It has gained $62.15 in the past week and touched a new high 4 times within the past 5 days. An average of 1,556,275 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,753,520.
CNQ’s 1-month performance is 2.70% or $3.04 on its low of $58.25 reached on 08/03/23. The company’s shares have touched a 52-week low of $44.45 and high of $62.57, with the stock’s rally to the 52-week high happening on 04/14/23. YTD, CNQ has achieved 10.41% or $5.78 and has reached a new high 11 times. However, the current price is down -2.01% from the 52-week high price.
Valuation Metrics
CNQ stock has a beta of 1.59. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.42 while the price-to-book (PB) in the most recent quarter is 2.35, with the price to cash flow ratio at 11.63.
Canadian Natural Resources Limited’s quick ratio for the period ended June 29 was 0.50, with the current ratio over the same period at 0.70. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.29, while the total debt to equity was 0.35.. In terms of profitability, the gross margin trailing 12 months is 50.20%. The trailing 12-month EBITDA margin is 52.94% while for the period ending June 29, Canadian Natural Resources Limited’s operating margin was 26.70%. The firm’s gross profit as reported stood at $18.16 billion against revenue of $32.54 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected CNQ to announce $0.78 per share in earnings in its latest quarter, but it posted $0.84, representing a 7.70% surprise. EBITDA for the quarter stood at more than $2.36 billion. CNQ stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 27.16 billion, with total debt at $13.68 billion.
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 22 August was 57.99% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.83%.
The stock’s 5-day moving average is $60.90, reflecting a +2.47% or $1.48 change from its current price. CNQ is currently trading +1.59% above its 20-day SMA, +12.41% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +8.74% and SMA200 by+2.35%.
Stochastic %K and %D was 79.78% and 70.26% and the average true range (ATR) pointed at 1.31. The RSI (14) points at 58.34%, while the 14-day stochastic is at 76.69% with the period’s ATR at 1.33. The stock’s 9-day MACD Oscillator is pointing at 0.38 and 0.49 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Canadian Natural Resources Limited (NYSE: CNQ), UBS launched coverage with a Buy rating.
