Canadian Natural Resources Ltd. (NYSE: CNQ)’s stock price has decreased by -2.82 compared to its previous closing price of 35.55. However, the company has seen a -3.23% decrease in its stock price over the last five trading sessions. zacks.com reported 2024-10-24 that Canadian Natural Resources (CNQ) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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 13.28x, which is above its average ratio. Moreover, the 36-month beta value for CNQ is 1.53. Analysts have varying 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% of that float. On October 28, 2024, CNQ’s average trading volume was 4.90M shares.
CNQ’s Market Performance
CNQ’s stock has seen a -3.23% decrease for the week, with a 4.03% rise in the past month and a 1.08% gain in the past quarter. The volatility ratio for the week is 1.69%, and the volatility levels for the past 30 days are at 2.25% for Canadian Natural Resources Ltd. The simple moving average for the past 20 days is -3.39% for CNQ’s stock, with a -2.55% simple moving average for the past 200 days.
CNQ Trading at -0.98% 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 -16.33% of loss for the given period.
Volatility was left at 2.25%, however, over the last 30 days, the volatility rate increased by 1.69%, as shares surge +3.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.64% lower at present.
During the last 5 trading sessions, CNQ fell by -3.47%, which changed the moving average for the period of 200-days by +5.98% in comparison to the 20-day moving average, which settled at $35.76. In addition, Canadian Natural Resources Ltd. saw 5.46% 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 2.92. 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
To wrap up, the performance of Canadian Natural Resources Ltd. (CNQ) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
