Canadian Natural Resources Limited (NYSE:CNQ) went down by -0.20% from its latest closing price compared to the recent 1-year high of $70.60. The company’s stock price has collected -8.39% of loss in the last five trading sessions.
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 11.61 x from its present earnings ratio. Plus, the 36-month beta value for CNQ is at 1.55. Opinions of the stock are interesting as 12 analysts out of 21 who provided ratings for Canadian Natural Resources Limited declared the stock was a “buy,” while 1 rated the stock as “overweight,” 8 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $73.07, which is -$9.4 below the current price. CNQ currently public float of 1.14B and currently shorts hold a 1.11% ratio of that float. Today, the average trading volume of CNQ was 3.35M shares.
CNQ’s Market Performance
CNQ stocks went down by -8.39% for the week, with a monthly drop of -9.06% and a quarterly performance of 15.54%, while its annual performance rate touched 74.43%. The volatility ratio for the week stands at 5.55% while the volatility levels for the past 30 days are set at 3.88% for Canadian Natural Resources Limited. The simple moving average for the period of the last 20 days is -8.38% for CNQ stocks with a simple moving average of 25.98% 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 “Neutral.” The predicted price for CNQ in the upcoming period, according to Goldman is $54 based on the research report published on January 25th of the current year 2022.
BofA Securities, on the other hand, stated in their research note that they expect to see CNQ reach a price target of $54. The rating they have provided for CNQ stocks is “Buy” according to the report published on January 10th, 2022.
CNQ Trading at -5.70% 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 -17.21% of loss for the given period.
Volatility was left at 3.88%, however, over the last 30 days, the volatility rate increased by 5.55%, as shares sank -6.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.69% upper at present.
During the last 5 trading sessions, CNQ fell by -8.39%, which changed the moving average for the period of 200-days by +77.34% in comparison to the 20-day moving average, which settled at $63.59. In addition, Canadian Natural Resources Limited saw 38.34% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CNQ
Equity return is now at value 25.90, with 12.30 for asset returns.