The stock price of Canadian Natural Resources Ltd. (NYSE: CNQ) has jumped by 1.75 compared to previous close of 32.64. Despite this, the company has seen a fall of -0.57% in its stock price over the last five trading days. reuters.com reported 2024-09-23 that Canadian natural gas prices slumped to their lowest level in more than two years on Monday and are expected to remain under pressure for weeks, as storage levels in Alberta reach full capacity due to weak demand across North America.
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 12.77x compared to its average ratio, The 36-month beta value for CNQ is at 1.52. 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.”
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The public float for CNQ is 2.03B, and currently, shorts hold a 5.49% of that float. The average trading volume for CNQ on September 30, 2024 was 4.98M shares.
CNQ’s Market Performance
CNQ’s stock has seen a -0.57% decrease for the week, with a -9.06% drop in the past month and a -6.71% fall in the past quarter. The volatility ratio for the week is 1.97%, and the volatility levels for the past 30 days are at 2.21% for Canadian Natural Resources Ltd. The simple moving average for the past 20 days is -1.13% for CNQ’s stock, with a -5.42% simple moving average for the past 200 days.
CNQ Trading at -3.96% 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 -19.57% of loss for the given period.
Volatility was left at 2.21%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares sank -10.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.82% lower at present.
During the last 5 trading sessions, CNQ fell by -0.57%, which changed the moving average for the period of 200-days by +6.31% in comparison to the 20-day moving average, which settled at $33.41. In addition, Canadian Natural Resources Ltd. saw 1.37% 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:
- 0.39 for the present operating margin
- 0.42 for the gross margin
The net margin for Canadian Natural Resources Ltd. stands at 0.2. The total capital return value is set at 0.22. Equity return is now at value 19.51, with 10.08 for asset returns.
Based on Canadian Natural Resources Ltd. (CNQ), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 1.46. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 25.16.
Currently, EBITDA for the company is 17.24 billion with net debt to EBITDA at 0.49. When we switch over and look at the enterprise to sales, we see a ratio of 2.75. The receivables turnover for the company is 10.57for 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 mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
