Canadian Natural Resources Ltd. (NYSE: CNQ) has seen a rise in its stock price by 0.29 in relation to its previous close of 76.55. However, the company has experienced a -0.99% decline in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-20 that Focusing on consistent dividend growth can lead to higher returns in lower-risk areas. The portfolio emphasizes companies with wide-moat business models, strong financials, and a commitment to shareholder returns. Blending higher-yielding dividend stocks with those offering growth potential creates a balanced approach suitable for most investors.
Is It Worth Investing in Canadian Natural Resources Ltd. (NYSE: CNQ) Right Now?
Canadian Natural Resources Ltd. (NYSE: CNQ) has a higher price-to-earnings ratio of 13.86x compared to its average ratio. CNQ has 36-month beta value of 1.52. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 5 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CNQ is 1.05B, and currently, short sellers hold a 10.26% ratio of that float. The average trading volume of CNQ on April 23, 2024 was 3.41M shares.
CNQ’s Market Performance
The stock of Canadian Natural Resources Ltd. (CNQ) has seen a -0.99% decrease in the past week, with a 3.37% rise in the past month, and a 23.05% gain in the past quarter. The volatility ratio for the week is 2.11%, and the volatility levels for the past 30 days are at 2.15% for CNQ. The simple moving average for the past 20 days is -1.83% for CNQ’s stock, with a 17.32% simple moving average for the past 200 days.
Analysts’ Opinion of CNQ
Goldman gave a rating of “Buy” to CNQ, setting the target price at $69 in the report published on November 21st of the previous year.
CNQ Trading at 6.37% 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 -7.04% of loss for the given period.
Volatility was left at 2.15%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares surge +3.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +26.72% upper at present.
During the last 5 trading sessions, CNQ fell by -0.99%, which changed the moving average for the period of 200-days by +41.98% in comparison to the 20-day moving average, which settled at $78.34. In addition, Canadian Natural Resources Ltd. saw 17.17% 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:
- 0.26 for the present operating margin
- 0.29 for the gross margin
The net margin for Canadian Natural Resources Ltd. stands at 0.21. The total capital return value is set at 0.15. Equity return is now at value 20.88, with 10.46 for asset returns.
Based on Canadian Natural Resources Ltd. (CNQ), the company’s capital structure generated 0.22 points at debt to capital in total, while cash flow to debt ratio is standing at 1.11. The debt to equity ratio resting at 0.28. The interest coverage ratio of the stock is 16.45.
Currently, EBITDA for the company is 17.24 billion with net debt to EBITDA at 0.68. When we switch over and look at the enterprise to sales, we see a ratio of 3.12. The receivables turnover for the company is 12.45for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.
Conclusion
To put it simply, Canadian Natural Resources Ltd. (CNQ) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
