Canadian Natural Resources Limited (NYSE:CNQ) went down by -1.93% from its latest closing price compared to the recent 1-year high of $38.10. The company’s stock price has collected -0.87% of loss in the last five trading sessions. Press Release reported on 08/16/21 that Titanium Corporation Announces Receipt of a $1.34 Million Non-Repayable Funding Contribution Toward the CVW(TM) Horizon Project from Natural Resources Canada’s Clean Growth Program
Is It Worth Investing in Canadian Natural Resources Limited (NYSE :CNQ) Right Now?
Canadian Natural Resources Limited (NYSE:CNQ) scored a price-to-earnings ratio above its average ratio, recording 12.52 x from its present earnings ratio. Plus, the 36-month beta value for CNQ is at 1.91. Opinions of the stock are interesting as 15 analysts out of 21 who provided ratings for Canadian Natural Resources Limited declared the stock was a “buy,” while 2 rated the stock as “overweight,” 4 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $44.15, which is $6.72 above the current price. CNQ currently public float of 1.16B and currently shorts hold a 0.66% ratio of that float. Today, the average trading volume of CNQ was 2.86M shares.
CNQ’s Market Performance
CNQ stocks went down by -0.87% for the week, with a monthly jump of 3.12% and a quarterly performance of -10.36%, while its annual performance rate touched 88.69%. The volatility ratio for the week stands at 3.19% while the volatility levels for the past 30 days are set at 2.54% for Canadian Natural Resources Limited. The simple moving average for the period of the last 20 days is 3.31% for CNQ stocks with a simple moving average of 11.44% for the last 200 days.
Analysts’ Opinion of CNQ
Many brokerage firms have already submitted their reports for CNQ stocks, with Goldman repeating the rating for CNQ by listing it as a “Buy.” The predicted price for CNQ in the upcoming period, according to Goldman is $44 based on the research report published on June 11th of the current year 2021.
Goldman gave a rating of “Neutral” to CNQ, setting the target price at $28 in the report published on January 14th of the current year.
CNQ Trading at 2.22% 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 -10.71% of loss for the given period.
Volatility was left at 2.54%, however, over the last 30 days, the volatility rate increased by 3.19%, as shares surge +5.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.69% lower at present.
During the last 5 trading sessions, CNQ fell by -0.87%, which changed the moving average for the period of 200-days by +43.73% in comparison to the 20-day moving average, which settled at $33.02. In addition, Canadian Natural Resources Limited saw 41.46% 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 12.40, with 5.50 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.
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.