We Analyzed the Future Direction of Canadian Natural Resources Limited (CNQ), Here is What We Found

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Canadian Natural Resources Limited (NYSE:CNQ) went down by -1.86% from its latest closing price compared to the recent 1-year high of $32.64. The company’s stock price has collected -0.33% of loss in the last five trading sessions. Press Release reported on 03/09/21 that Canadian Natural Resources Limited Announces Normal Course Issuer Bid

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Is It Worth Investing in Canadian Natural Resources Limited (NYSE :CNQ) Right Now?

Plus, the 36-month beta value for CNQ is at 1.93. Opinions of the stock are interesting as 16 analysts out of 22 who provided ratings for Canadian Natural Resources Limited declared the stock was a “buy,” while 1 rated the stock as “overweight,” 5 rated it as “hold,” and 0 as “sell.”


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The average price from analysts is $36.98, which is $10.19 above the current price. CNQ currently public float of 1.16B and currently shorts hold a 0.54% ratio of that float. Today, the average trading volume of CNQ was 3.89M shares.

CNQ’s Market Performance

CNQ stocks went down by -0.33% for the week, with a monthly jump of 0.30% and a quarterly performance of 15.02%, while its annual performance rate touched 126.30%. The volatility ratio for the week stands at 2.82% while the volatility levels for the past 30 days are set at 3.06% for Canadian Natural Resources Limited. The simple moving average for the period of the last 20 days is -1.01% for CNQ stocks with a simple moving average of 38.64% for the last 200 days.

Analysts’ Opinion of CNQ

Goldman, on the other hand, stated in their research note that they expect to see CNQ reach a price target of $28, previously predicting the price at $27. The rating they have provided for CNQ stocks is “Neutral” according to the report published on January 14th, 2021.

CNQ Trading at 7.80% from the 50-Day Moving Average

After a stumble in the market that brought CNQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -6.40% of loss for the given period.

Volatility was left at 3.06%, however, over the last 30 days, the volatility rate increased by 2.82%, as shares surge +0.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +24.74% upper at present.

During the last 5 trading sessions, CNQ fell by -0.33%, which changed the moving average for the period of 200-days by +77.93% in comparison to the 20-day moving average, which settled at $30.86. In addition, Canadian Natural Resources Limited saw 27.03% in overturn over a single year, with a tendency to cut further gains.

Stock Fundamentals for CNQ

Current profitability levels for the company are sitting at:

  • -2.63 for the present operating margin
  • -0.81 for the gross margin

The net margin for Canadian Natural Resources Limited stands at -2.58. The total capital return value is set at -0.79, while invested capital returns managed to touch -0.80. Equity return is now at value -1.30, with -0.60 for asset returns.

Based on Canadian Natural Resources Limited (CNQ), the company’s capital structure generated 71.47 points at debt to equity in total, while total debt to capital is 41.68. Total debt to assets is 30.74, with long-term debt to equity ratio resting at 66.74. Finally, the long-term debt to capital ratio is 38.92.

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When we switch over and look at the enterprise to sales, we see a ratio of 3.48, with the company’s debt to enterprise value settled at 0.39. The receivables turnover for the company is 6.79 and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.

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