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Canadian Natural Resources Limited (CNQ)

51.03   -0.47 (-0.91%) 03-24 12:11
Open: 50.33 Pre. Close: 51.5
High: 51.28 Low: 50.08
Volume: 722,690 Market Cap: 56,120(M)

Technical analysis

as of: 2023-03-24 11:59:56 AM
Stoxline posted a SELL today, downgraded from higher rating. Downward movement to be expected.
Target: Six months: 65.37     One year: 70.54
Support: Support1: 48.81    Support2: 40.6
Resistance: Resistance1: 55.97    Resistance2: 60.4
Pivot: 53.81
Moving Average: MA(5): 51.76     MA(20): 54.9
MA(100): 57.32     MA(250): 56.6
MACD: MACD(12,26): -1.9     Signal(9): -1.5
Stochastic oscillator: %K(14,3): 23.1     %D(3): 26.6
RSI: RSI(14): 35.6
52-week: High: 69.14  Low: 43.67
Average Vol(K): 3-Month: 2,221 (K)  10-Days: 3,465 (K)

Price, moving averages and Bollinger Bands

Price has closed below its short-term moving average. Short-term moving average is currently below mid-term; and below long-term moving average. From the relationship between price and moving averages: This stock is BEARISH in short-term; and BEARISH in mid-long term.
[ CNQ ] has closed above bottom band by 26.7%. Bollinger Bands are 71.4% wider than normal. The large width of the bands suggest high volatility as compared to its normal range. The bands have been in this wide range for 6 days. This is a sign that the current trend might continue.

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 53.31 - 53.67 53.67 - 53.97
Low: 50.26 - 50.6 50.6 - 50.88
Close: 51 - 51.55 51.55 - 52.02

Company Description

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream and refining assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2020, the company had total proved crude oil, bitumen, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, and NGLs reserves were 13,271 MMbbl; proved SCO reserves were 6,998 MMbbl; total proved plus probable SCO reserves were 7,535 MMbbl; proved natural gas reserves were 12,168 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 20,249 Bcf. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.

Headline News

Thu, 23 Mar 2023
Investors Heavily Search Canadian Natural Resources Limited ... - Nasdaq

Thu, 23 Mar 2023
Canadian Natural Resources Limited (NYSE:CNQ) Shares Sold by ... - MarketBeat

Wed, 22 Mar 2023
Uncommon Cents Investing LLC Buys Shares of 4330 Canadian ... - MarketBeat

Mon, 20 Mar 2023
Canadian Natural (CNQ) Q4 Earnings Lag Estimates, Revenues Beat - Zacks Investment Research

Mon, 20 Mar 2023
Canadian Natural Resources Limited (NYSE:CNQ) to Post Q2 2024 ... - MarketBeat

Mon, 20 Mar 2023
Q2 2024 EPS Estimates for Canadian Natural Resources Limited ... - MarketBeat

Financial Analysis

Price to Book Value: Outperform
P/BV, a ratio used to compare book value to its current market price, to gauge whether a stock is valued properly.
Price to Earnings: Outperform
PE, the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS).
Discounted cash flow: Outperform
DCF, a valuation method used to estimate the value of an investment based on its expected future cash flows.
Return on Assets: Neutral
ROA, indicates how profitable a company is in relation to its total assets, how efficiently uses assets to generate a profit.
Return on Equity: Neutral
ROE, a measure of financial performance calculated by dividing net income by equity. a gauge of profitability and efficiency.
Debt to Equity: Outperform
evaluate financial leverage, reflects the ability of equity to cover outstanding debts in the event of a business downturn.
Free Technical Analysis Charts

Stock Basics & Statistics

Exchange:  NYSE
Sector:  Energy
Industry:  Oil & Gas E&P
Shares Out. 1,100 (M)
Shares Float 1,070 (M)
% Held by Insiders 2.2 (%)
% Held by Institutions 78.1 (%)
Shares Short 27,010 (K)
Shares Short P.Month 18,520 (K)

Stock Financials

EPS 6.78
EPS Est Next Qtl 0.25
EPS Est This Year 0.81
EPS Est Next Year 1.39
Book Value (p.s.) 34.61
Profit Margin (%) 25.8
Operating Margin (%) 34.8
Return on Assets (ttm) 12
Return on Equity (ttm) 29.1
Qtrly Rev. Growth 5.1
Gross Profit (p.s.) 21.46
Sales Per Share 38.45
EBITDA (p.s.) 18.64
Qtrly Earnings Growth -36.5
Operating Cash Flow 19,390 (M)
Levered Free Cash Flow 11,560 (M)

Stock Valuations

PE Ratio 7.51
PEG Ratio 21.7
Price to Book value 1.47
Price to Sales 1.32
Price to Cash Flow 2.89

Stock Dividends

Dividend 0.64
Forward Dividend 0
Dividend Yield 1.2%
Dividend Pay Date 2022-01-04
Ex-Dividend Date 2021-12-08
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