Let’s start up with the current stock price of Canadian Natural Resources Limited (CNQ), which is $31.41 to be very precise. The Stock rose vividly during the last session to $31.61 after opening rate of $30.52 while the lowest price it went was recorded $30.48 before closing at $30.31.
Recently in News on March 9, 2021, Canadian Natural Resources Limited Announces Normal Course Issuer Bid. Calgary, Alberta–(Newsfile Corp. – March 9, 2021) – Canadian Natural Resources Limited (TSX: CNQ) (NYSE: CNQ) (“Canadian Natural”) announced today that the Toronto Stock Exchange has accepted notice filed by Canadian Natural of its intention to make a Normal Course Issuer Bid (“NCIB”) through the facilities of the Toronto Stock Exchange (“TSX”) or other alternative Canadian trading systems. Purchases may also be made through the facilities of the New York Stock Exchange. You can read further details here
Canadian Natural Resources Limited had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $32.64 on 03/11/21, with the lowest value was $22.40 for the same time period, recorded on 01/29/21.
Canadian Natural Resources Limited (CNQ) full year performance was 137.77%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Canadian Natural Resources Limited shares are logging -3.77% during the 52-week period from high price, and 166.86% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $11.77 and $32.64.
The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 3068139 for the day, which was evidently lower, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Canadian Natural Resources Limited (CNQ) recorded performance in the market was 30.60%, having the revenues showcasing 17.03% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 37.36B, as it employees total of 9993 workers.
Specialists analysis on Canadian Natural Resources Limited (CNQ)
During the last month, 18 analysts gave the Canadian Natural Resources Limited a BUY rating, 2 of the polled analysts branded the stock as an OVERWEIGHT, 3 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 26.77, with a change in the price was noted +10.13. In a similar fashion, Canadian Natural Resources Limited posted a movement of +47.60% for the period of last 100 days, recording 3,631,069 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CNQ is recording 0.71 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.67.
Trends and Technical analysis: Canadian Natural Resources Limited (CNQ)
Raw Stochastic average of Canadian Natural Resources Limited in the period of last 50 days is set at 86.83%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 85.34%. In the last 20 days, the company’s Stochastic %K was 62.38% and its Stochastic %D was recorded 57.71%.
Now, considering the stocks previous presentation, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 30.60%. Additionally, trading for the stock in the period of the last six months notably improved by 74.50%, alongside a boost of 137.77% for the period of the last 12 months. The shares increased approximately by 2.82% in the 7-day charts and went up by -3.09% in the period of the last 30 days. Common stock shares were driven by 17.03% during last recorded quarter.