At the time of writing, Canadian Natural Resources Ltd. [CNQ] stock is trading at $77.53, up 0.56%. An important factor to consider is whether the stock is rising or falling in short-term value. The CNQ shares have gain 3.57% over the last week, with a monthly amount drifted -5.82%, and not seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
From an analyst’s perspective:
Canadian Natural Resources Ltd. [NYSE: CNQ] stock has seen the most recent analyst activity on April 23, 2024, when Desjardins downgraded its rating to a Hold. Goldman upgraded its rating to a Buy and increased its price target to $69 on November 21, 2022. Jefferies initiated its recommendation with a Hold. In a note dated July 19, 2022, BofA Securities upgraded an Buy rating on this stock but restated the target price of $100.
For the past year, the stock price of Canadian Natural Resources Ltd. fluctuated between $52.66 and $82.58. Currently, Wall Street analysts expect the stock to reach $53.45 within the next 12 months. Canadian Natural Resources Ltd. [NYSE: CNQ] shares were valued at $77.53 at the most recent close of the market. An investor can expect a potential drop of -31.06% based on the average CNQ price forecast.
Analyzing the CNQ fundamentals
According to Canadian Natural Resources Ltd. [NYSE:CNQ], the company’s sales were 26.38B for trailing twelve months, which represents an -4.19% plunge. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.19 and Total Capital is 0.21. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 77.14 points at the first support level, and at 76.74 for the second support level. However, for the 1st resistance point, the stock is sitting at 77.99, and for the 2nd resistance point, it is at 78.44.
Canadian Natural Resources Ltd. [CNQ] reported earnings per share of $1 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.06/share, meaning a difference of -$0.06 and a surprise factor of -5.70%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $1.7 per share as compared to estimates of $1.57 per share, a difference of $0.13 representing a surprise of 8.30%.
Ratios To Look Out For
It is important to note that Canadian Natural Resources Ltd. [NYSE:CNQ] has a current ratio of 0.88. On the other hand, the Quick Ratio is 0.61, and the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 3.15, the price to book ratio is 2.84 and price to earnings (TTM) ratio is 15.44.
