A share price of Canadian Natural Resources Ltd. [CNQ] is currently trading at $36.01, up 0.31%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CNQ shares have gain 1.61% over the last week, with a monthly amount drifted -6.26%, and not seem to be holding up well over a long-time horizon.
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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.
Canadian Natural Resources Ltd. experienced fluctuations in its stock price throughout the past year between $26.81 and $41.29. 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 $36.01 at the most recent close of the market. An investor can expect a potential return of 48.43% based on the average CNQ price forecast.
Analyzing the CNQ fundamentals
Trailing Twelve Months sales for Canadian Natural Resources Ltd. [NYSE:CNQ] were 26.38B which represents -4.19% decline. 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 35.74 points at the first support level, and at 35.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.28, and for the 2nd resistance point, it is at 36.56.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Canadian Natural Resources Ltd. [NYSE:CNQ] is 0.88. Further, the Quick Ratio stands at 0.61, while the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 2.91, the price to book ratio is 2.64 and price to earnings (TTM) ratio is 14.34.
