Canadian Natural Resources Ltd (NYSE: CNQ) on Friday, plunged -0.41% from the previous trading day, before settling in for the closing price of $34.02. Within the past 52 weeks, CNQ’s price has moved between $29.45 and $41.29.
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During the last 5-year period, the sales growth of Energy Sector giant was 17.44%. The company achieved an average annual earnings per share of -13.46%. With a float of $2.02 billion, this company’s outstanding shares have now reached $2.14 billion.
Let’s determine the extent of company efficiency that accounts for 10272 employees. In terms of profitability, gross margin is 42.22%, operating margin of 39.1%, and the pretax margin is 25.3%.
Canadian Natural Resources Ltd (CNQ) Breakdown of a Key Holders of the stock
Observing investor behavior towards Oil & Gas E&P industry stocks is more important than anything else. The insider ownership of Canadian Natural Resources Ltd is 4.27%, while institutional ownership is 74.61%.
Canadian Natural Resources Ltd (CNQ) Recent Fiscal highlights
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.85 earnings per share (EPS) for the period topping the consensus outlook (set at 0.79) by 0.06. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.48 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -13.46% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 4.00% during the next five years compared to 27.79% growth over the previous five years of trading.
Canadian Natural Resources Ltd (NYSE: CNQ) Trading Performance Indicators
Canadian Natural Resources Ltd (CNQ) is currently performing well based on its current performance indicators. A quick ratio of 0.53 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.78. Likewise, its price to free cash flow for the trailing twelve months is 13.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.59, a number that is poised to hit 0.64 in the next quarter and is forecasted to reach 2.66 in one year’s time.
Technical Analysis of Canadian Natural Resources Ltd (CNQ)
Looking closely at Canadian Natural Resources Ltd (NYSE: CNQ), its last 5-days average volume was 4.68 million, which is a drop from its year-to-date volume of 5.41 million. As of the previous 9 days, the stock’s Stochastic %D was 8.46%. Additionally, its Average True Range was 0.83.
During the past 100 days, Canadian Natural Resources Ltd’s (CNQ) raw stochastic average was set at 35.54%, which indicates a significant increase from 6.11% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.82% in the past 14 days, which was lower than the 28.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $34.75, while its 200-day Moving Average is $35.50. However, in the short run, Canadian Natural Resources Ltd’s stock first resistance to watch stands at $34.37. Second resistance stands at $34.85. The third major resistance level sits at $35.14. If the price goes on to break the first support level at $33.60, it is likely to go to the next support level at $33.31. Now, if the price goes above the second support level, the third support stands at $32.83.
Canadian Natural Resources Ltd (NYSE: CNQ) Key Stats
Market capitalization of the company is 99.34 billion based on 2,113,495K outstanding shares. Right now, sales total 26,645 M and income totals 6,099 M. The company made 6,614 M in profit during its latest quarter, and 1,253 M in sales during its previous quarter.
