Canadian Natural Resources Ltd (NYSE: CNQ)’s stock price has gone decline by -2.32 in comparison to its previous close of 34.84, however, the company has experienced a 1.10% increase in its stock price over the last five trading days. zacks.com reported 2024-11-22 that CNQ, CVX and KMI present an opportunity for long-term stability and reliable returns in the volatile energy space.
Is It Worth Investing in Canadian Natural Resources Ltd (NYSE: CNQ) Right Now?
Canadian Natural Resources Ltd (NYSE: CNQ) has a price-to-earnings ratio that is above its average at 13.16x. The stock has a 36-month beta value of 1.50. Opinions on the stock are mixed, with 8 analysts rating it as a “buy,” 5 as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for CNQ is 2.02B, and at present, short sellers hold a 2.51% of that float. On November 26, 2024, the average trading volume of CNQ was 4.64M shares.
CNQ’s Market Performance
The stock of Canadian Natural Resources Ltd (CNQ) has seen a 1.10% increase in the past week, with a -4.28% drop in the past month, and a -7.88% fall in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are at 2.27% for CNQ. The simple moving average for the last 20 days is -0.17% for CNQ’s stock, with a simple moving average of -4.75% for the last 200 days.
CNQ Trading at -1.71% 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 -17.58% of loss for the given period.
Volatility was left at 2.27%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares sank -1.99% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.26% upper at present.
During the last 5 trading sessions, CNQ rose by +1.10%, which changed the moving average for the period of 200-days by +11.90% in comparison to the 20-day moving average, which settled at $34.09. In addition, Canadian Natural Resources Ltd saw 3.88% 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:
- 0.28 for the present operating margin
- 0.3 for the gross margin
The net margin for Canadian Natural Resources Ltd stands at 0.21. The total capital return value is set at 0.15. 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 1.44. The debt to equity ratio resting at 0.26. The interest coverage ratio of the stock is 17.56.
Currently, EBITDA for the company is 17.27 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 3.08. The receivables turnover for the company is 11.53for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.84.
Conclusion
To sum up, Canadian Natural Resources Ltd (CNQ) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as 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.
