Canadian Natural Resources Limited [CNQ] shares are down more than -23.83% this year and recently decreased -0.02% or -$0.34 to settle at $21.38. Analysts expect CNQ to grow earnings at a 3.90% annual rate over the next 5 years. CNQ has a short ratio of 1.72. This implies that the market is currently less bearish on the outlook for CNQ.

On 12, November 2020, Canadian Natural Resources Limited Prices C$800 Million in 3 and 7 Year Medium-Term Notes. According to news published on Yahoo Finance, Canadian Natural Resources Limited announces Limited (“Canadian Natural” or the “Company”) announces that on November 12, 2020, it priced the following medium term notes which were sold to investors in Canada:.

Analyst Birdseye View:

The most recent analyst activity for Canadian Natural Resources Limited [NYSE:CNQ] stock was on September 02, 2020, when it was Initiated with an Overweight rating from Barclays. On July 08, 2020, Morgan Stanley Upgrade an Overweight rating. On July 02, 2020, Credit Suisse Reiterated an Outperform rating and increased its price target from $29 to $32. On June 24, 2020, National Bank Financial Upgrade an Outperform rating. On May 14, 2020, Goldman Upgrade a Buy rating and boosted its amount target on this stock to $21. On May 01, 2020, Evercore ISI Upgrade an Outperform rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $6.71 and a peak of $32.79. Right now, according to Wall Street analyst the average 12-month amount target is $24.27. At the most recent market close, shares of Canadian Natural Resources Limited [NYSE:CNQ] were valued at $21.38.

FUNDAMENTAL ANALYSIS

Canadian Natural Resources Limited [NYSE:CNQ] most recently reported quarterly sales of 4.5 billion, which represented growth of -26.90%. This publicly-traded organization’s revenue is $2,246,660 per employee, while its income is $532,024 per employee. This company’s Gross Margin is currently 38.70%, its Operating Margin is 2.00%, its Pretax Margin is +22.92, and its Net Margin is +23.68. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 7.01, 16.18, 10.13 and 10.16 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 39.44 and the whole liability to whole assets at 28.22. It shows enduring liability to the whole principal at 34.90 and enduring liability to assets at 0.25 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 20.98 points at 1st support level, the second support level is making up to 20.59. But as of 1st resistance point, this stock is sitting at 21.69 and at 22.00 for 2nd resistance point.

Canadian Natural Resources Limited [CNQ] reported its earnings at $0.36 per share in the fiscal quarter closing of 12/30/2017. The Analysts for Wall Street were expecting to report its earnings at $0.28/share signifying the difference of 0.08 and 28.60% surprise value. Comparing the previous quarter ending of 9/29/2017, the stated earnings were $0.15 calling estimates for $0.08/share with the difference of 0.07 depicting the surprise of 87.50%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for Canadian Natural Resources Limited [NYSE:CNQ] is 1.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.09. Now if looking for a valuation of this stock’s amount to sales ratio it’s 2.19 and it’s amount to book ratio is 1.42.