Canadian Natural Resources Ltd. (NYSE: CNQ)’s stock price has soared by 0.62 in relation to previous closing price of 75.97. Nevertheless, the company has seen a gain of 0.82% in its stock price over the last five trading days. Reuters reported 2024-05-03 that The start-up of LNG Canada, the country’s first such export terminal, is likely to strain its natural gas supplies for multiple years and force producers to reduce exports to the U.S., where demand for the fuel is record high, companies said.
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 15.23x compared to its average ratio, The 36-month beta value for CNQ is at 1.53. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 5 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CNQ is 1.05B, and currently, shorts hold a 4.51% of that float. The average trading volume for CNQ on May 08, 2024 was 3.26M shares.
CNQ’s Market Performance
CNQ stock saw a decrease of 0.82% in the past week, with a monthly decline of -5.42% and a quarterly a decrease of 25.37%. The volatility ratio for the week is 2.15%, and the volatility levels for the last 30 days are 2.23% for Canadian Natural Resources Ltd. (CNQ). The simple moving average for the last 20 days is -1.43% for CNQ’s stock, with a simple moving average of 14.93% for the last 200 days.
CNQ Trading at 1.61% 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 -7.44% of loss for the given period.
Volatility was left at 2.23%, however, over the last 30 days, the volatility rate increased by 2.15%, as shares sank -6.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.03% upper at present.
During the last 5 trading sessions, CNQ rose by +0.82%, which changed the moving average for the period of 200-days by +31.18% in comparison to the 20-day moving average, which settled at $77.28. In addition, Canadian Natural Resources Ltd. saw 16.67% 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:
- 0.37 for the present operating margin
- 0.41 for the gross margin
The net margin for Canadian Natural Resources Ltd. stands at 0.19. The total capital return value is set at 0.21. Equity return is now at value 19.05, with 9.84 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 1.23. The debt to equity ratio resting at 0.29. The interest coverage ratio of the stock is 22.92.
Currently, EBITDA for the company is 17.24 billion with net debt to EBITDA at 0.56. When we switch over and look at the enterprise to sales, we see a ratio of 3.23. The receivables turnover for the company is 11.27for trailing twelve months and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.88.
Conclusion
In conclusion, Canadian Natural Resources Ltd. (CNQ) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
