As on March 16, 2023, Canadian Natural Resources Limited (NYSE: CNQ) got off with the flyer as it spiked 0.22% to $50.83. During the day, the stock rose to $51.61 and sunk to $48.81 before settling in for the price of $50.72 at the close. Taking a more long-term approach, CNQ posted a 52-week range of $43.67-$69.14.
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
Sponsored
It was noted that the giant of the Energy sector posted annual sales growth of 21.30% over the last 5 years. Meanwhile, its Annual Earning per share during the time was 105.70%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -22.10%. This publicly-traded company’s shares outstanding now amounts to $1.12 billion, simultaneously with a float of $1.09 billion. The organization now has a market capitalization sitting at $57.24 billion. At the time of writing, stock’s 50-day Moving Average stood at $57.58, while the 200-day Moving Average is $56.01.
It is quite fundamental to gauge the extent of the productivity of the business which is accounted for 9735 workers. For the Profitability, stocks gross margin was +37.78, operating margin was +34.90 and Pretax Margin of +32.40.
Canadian Natural Resources Limited (CNQ) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Oil & Gas E&P industry. Canadian Natural Resources Limited’s current insider ownership accounts for 3.30%, in contrast to 66.60% institutional ownership.
Canadian Natural Resources Limited (CNQ) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 9/29/2022, the company posted $2.28 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $2.11) by $0.17. This company achieved a net margin of +25.86 while generating a return on equity of 29.12. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.65 per share during the current fiscal year.
Canadian Natural Resources Limited’s EPS decrease for this current 12-month fiscal period is -22.10% and is forecasted to reach 9.37 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 13.72% through the next 5 years, which can be compared against the 105.70% growth it accomplished over the previous five years trading on the market.
Canadian Natural Resources Limited (NYSE: CNQ) Trading Performance Indicators
Let’s observe the current performance indicators for Canadian Natural Resources Limited (CNQ). It’s Quick Ratio in the last reported quarter now stands at 0.60. The Stock has managed to achieve an average true range (ATR) of 2.07. Alongside those numbers, its PE Ratio stands at $7.42, and its Beta score is 1.60. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.87. Similarly, its price to free cash flow for trailing twelve months is now 5.25.
In the same vein, CNQ’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 6.85, a figure that is expected to reach 1.98 in the next quarter, and analysts are predicting that it will be 9.37 at the market close of one year from today.
Technical Analysis of Canadian Natural Resources Limited (CNQ)
Through scrutinizing the latest numbers posted by the [Canadian Natural Resources Limited, CNQ], it can be observed that its last 5-days Average volume of 4.83 million was better the volume of 2.28 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 13.60% While, its Average True Range was 2.27.
Raw Stochastic average of Canadian Natural Resources Limited (CNQ) in the period of the previous 100 days is set at 14.68%, which indicates a major fall in contrast to 17.43% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 34.67% that was higher than 33.57% volatility it exhibited in the past 100-days period.