The stock price of Canadian Natural Resources Ltd. (NYSE: CNQ) has jumped by 0.40 compared to previous close of 37.45. Despite this, the company has seen a gain of 5.77% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-10 that Canadian Natural Resources Limited is a top dividend stock with a 25-year track record of increasing dividends, boasting a 21% CAGR. CNQ’s strong financials include a levered free cash flow margin of 24.19% and a net income margin of 20.88%, ensuring dividend sustainability. Recent acquisition of Chevron’s Alberta assets and a 7% dividend increase highlight CNQ’s strategic growth and commitment to shareholder value.
Is It Worth Investing in Canadian Natural Resources Ltd. (NYSE: CNQ) Right Now?
The price-to-earnings ratio for Canadian Natural Resources Ltd. (NYSE: CNQ) is above average at 14.46x, Company’s 36-month beta value is 1.52.Analysts have differing opinions on the stock, with 8 analysts rating it as a “buy,” 5 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for CNQ is 2.03B, and currently, short sellers hold a 2.50% ratio of that floaft. The average trading volume of CNQ on October 14, 2024 was 5.33M shares.
CNQ’s Market Performance
CNQ’s stock has seen a 5.77% increase for the week, with a 15.20% rise in the past month and a 2.48% gain in the past quarter. The volatility ratio for the week is 2.69%, and the volatility levels for the past 30 days are at 2.41% for Canadian Natural Resources Ltd. The simple moving average for the last 20 days is 8.80% for CNQ’s stock, with a simple moving average of 6.48% for the last 200 days.
CNQ Trading at 8.21% 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 -8.94% of loss for the given period.
Volatility was left at 2.41%, however, over the last 30 days, the volatility rate increased by 2.69%, as shares surge +17.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.55% upper at present.
During the last 5 trading sessions, CNQ rose by +5.77%, which changed the moving average for the period of 200-days by +11.32% in comparison to the 20-day moving average, which settled at $34.56. In addition, Canadian Natural Resources Ltd. saw 14.77% 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 3.13. 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 a nutshell, Canadian Natural Resources Ltd. (CNQ) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
