At the time of writing, Canadian Natural Resources Ltd [CNQ] stock is trading at $27.96, up 1.93%. An important factor to consider is whether the stock is rising or falling in short-term value. The CNQ shares have lost -1.24% over the last week, with a monthly amount drifted -9.78%, and not seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Desjardins downgraded its rating to Hold on April 23, 2024. On July 12, 2023, UBS initiated with a Buy rating. Goldman upgraded its rating to a Buy and raised its price target to $69 on November 21, 2022.
For the past year, the stock price of Canadian Natural Resources Ltd fluctuated between $25.62 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 $27.96 at the most recent close of the market. An investor can expect a potential return of 91.17% based on the average CNQ price forecast.
Analyzing the CNQ fundamentals
According to Canadian Natural Resources Ltd [NYSE:CNQ], the company’s sales were 26.26B for trailing twelve months, which represents an -11.62% plunge. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.28%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.21%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.19 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.26.
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 27.25 points at the first support level, and at 26.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 28.56, and for the 2nd resistance point, it is at 29.17.
Ratios To Look Out For
It is important to note that Canadian Natural Resources Ltd [NYSE:CNQ] has a current ratio of 0.84. On the other hand, the Quick Ratio is 0.53, and the Cash Ratio is 0.09. Considering the valuation of this stock, the price to sales ratio is 2.25, the price to book ratio is 2.00 and price to earnings (TTM) ratio is 10.81.
