In the past week, CNQ stock has gone down by -1.35%, with a monthly decline of -3.66% and a quarterly surge of 3.01%. The volatility ratio for the week is 2.22%, and the volatility levels for the last 30 days are 2.03% for Canadian Natural Resources Ltd The simple moving average for the past 20 days is -3.42% for CNQ’s stock, with a -3.56% simple moving average for the past 200 days.
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 13.25x, 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 2.02B, and currently, short sellers hold a 2.51% ratio of that floaft. The average trading volume of CNQ on November 05, 2024 was 4.77M shares.
CNQ) stock’s latest price update
The stock of Canadian Natural Resources Ltd (NYSE: CNQ) has increased by 1.09 when compared to last closing price of 33.88. Despite this, the company has experienced a -1.35% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-31 that Canadian Natural Resources Limited (NYSE:CNQ ) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Lance Casson – IR Scott Stauth – COO, Oil Sands Mark Stainthorpe – CFO Conference Call Participants Dennis Fong – CIBC Neil Mehta – Goldman Sachs Greg Pardy – RBC Capital Markets Manav Gupta – UBS Menno Hulshof – TD Cowen Patrick O’Rourke – ATB Capital Markets Operator Good morning. We would like to welcome everyone to Canadian Natural’s 2024 Third Quarter Earnings Conference Call and Webcast.
CNQ Trading at -1.31% 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 -17.05% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 2.22%, as shares sank -6.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.98% lower at present.
During the last 5 trading sessions, CNQ fell by -1.35%, which changed the moving average for the period of 200-days by +8.76% in comparison to the 20-day moving average, which settled at $35.46. In addition, Canadian Natural Resources Ltd saw 4.55% 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 18.95, with 9.95 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 2.88. 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 0.84.
Conclusion
In a nutshell, Canadian Natural Resources Ltd (CNQ) has experienced a mixed performance in recent times. The stock has received mixed “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.
