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Roll up the Sleeves! When the bell rang at previous close Canadian Natural Resources Limited (CNQ) was up 2.06%

Canadian Natural Resources Limited (CNQ) is priced at $59.46 after the most recent trading session. At the very opening of the session, the stock price was $58.15 and reached a high price of $59.855, prior to closing the session it reached the value of $58.26. The stock touched a low price of $57.96.Recently in News on November 30, 2022, Canadian Natural Resources Limited Announces 2023 Budget and New GHG Emissions Reduction Target. Calgary, Alberta–(Newsfile Corp. – November 30, 2022) – Canadian Natural’s (TSX: CNQ) (NYSE: CNQ) President, Tim McKay, commented on the Company’s 2023 Budget, “Our dedicated teams are focused on safe, reliable, effective and efficient operations throughout our high quality and diverse asset base. Our large, low risk, high value reserves provide us optionality and flexibility to allocate capital to our highest return projects. Our diversified and balanced production maximizes value for our shareholders, as we do not rely on any one commodity type. Our 2023 targeted production mix consists of approximately 44% light and synthetic crude oil (“SCO”), 29% heavy crude oil and 27% natural gas, based on the midpoint of our production guidance range. Our assets have low maintenance capital requirements, and combined with our effective and efficient operations, we drive substantial and sustainable free cash flow, maximizing returns to shareholders through our free cash flow allocation policy. 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 $60.15 on 01/18/23, with the lowest value was $51.64 for the same time period, recorded on 01/04/23.

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Canadian Natural Resources Limited (CNQ) full year performance was 15.04%

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 -14.00% during the 52-week period from high price, and 36.17% 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 $43.67 and $69.14.

The company’s shares, operating in the sector of Energy managed to top a trading volume set approximately around 2198551 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 7.08%, having the revenues showcasing 11.79% 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 65.40B, as it employees total of 9735 workers.

The Analysts eye on Canadian Natural Resources Limited (CNQ)

During the last month, 14 analysts gave the Canadian Natural Resources Limited a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 8 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 55.78, with a change in the price was noted +1.67. In a similar fashion, Canadian Natural Resources Limited posted a movement of +2.89% for the period of last 100 days, recording 2,431,490 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 0.38 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.34.

Technical rundown of Canadian Natural Resources Limited (CNQ)

Raw Stochastic average of Canadian Natural Resources Limited in the period of last 50 days is set at 71.55%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 91.89%. In the last 20 days, the company’s Stochastic %K was 89.46% and its Stochastic %D was recorded 92.33%.

Considering, the past performance of Canadian Natural Resources Limited, 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 7.08%. Additionally, trading for the stock in the period of the last six months notably improved by 18.94%, alongside a boost of 15.04% for the period of the last 12 months. The shares increased approximately by 6.83% in the 7-day charts and went down by 13.39% in the period of the last 30 days. Common stock shares were driven by 11.79% during last recorded quarter.

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