Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Canadian Natural Resources Limited’s current trading price is -16.29% away from its 52-week high, while its distance from the 52-week low is 30.40%. The stock’s price range during this period has varied between $43.67 and $68.02. The company, active in the Energy sector, saw a trading volume of around 2.67 million for the day, considerably higher average daily volume of 2.16 million observed over the last three months.
Canadian Natural Resources Limited (CNQ) has a current stock price of $56.94. During the previous trading session, the stock witnessed a notable rise, reaching a high of $58.41 after opening at $58.41. The stock’s low for the day was $56.5524, and it eventually closed at $58.09.
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Canadian Natural Resources Limited’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $68.02 on 05/31/22, and the lowest price during the same period was recorded at $43.67 on 09/26/22.
How Financial Performance Impacts Market Capitalization
Canadian Natural Resources Limited (CNQ) has experienced a quarterly rise of 2.08% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 61.97B and boasts a workforce of 10035 employees.
Decoding Analysts’ Ratings for Canadian Natural Resources Limited
As of right now, 14 analysts are rating Canadian Natural Resources Limited as a BUY, 1 of the polled analysts branded the stock as an OVERWEIGHT, 8 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 57.28, with a change in price of +1.17. Similarly, Canadian Natural Resources Limited recorded 2,094,012 in trading volume during the last 100 days, posting a change of +2.10%.
How CNQ’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CNQ stands at 0.35. Similarly, the long-term debt-to-equity ratio is also 0.32.
CNQ Stock Stochastic Average
As of today, the raw stochastic average of Canadian Natural Resources Limited over the past 50 days is 60.04%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 37.79%. Additionally, the Stochastic %K and %D values for the company were 46.26% and 43.37%, respectively, over the past 20 days.
CNQ Stock Price Performance Analysis
The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. The index has shown a price gain of 2.54% this year. Over the last six months, there has been a stronger performance of -4.19%. The price of CNQ leaped by -3.64% during the last 30 days period. For the last 5-days stocks have improved 1.62%.