In the last trading session, 2.84 million shares of the Canadian Natural Resources Ltd. (NYSE:CNQ) were traded, and its beta was 1.53. Most recently the company’s share price was $35.55, and it changed around $0.45 or 1.28% from the last close, which brings the market valuation of the company to $75.46B. CNQ currently trades at a discount to its 52-week high of $41.29, offering almost -16.15% off that amount. The share price’s 52-week low was $29.45, which indicates that the current value has risen by an impressive 17.16% since then. We note from Canadian Natural Resources Ltd.’s average daily trading volume that its 10-day average is 3.33 million shares, with the 3-month average coming to 4.99 million.
Canadian Natural Resources Ltd. stock received a consensus recommendation rating of Buy, based on a mean score of 1.96. If we narrow it down even further, the data shows that 0 out of 14 analysts rate the stock as a Sell; another 5 rate it as Overweight. Among the rest, 1 recommended CNQ as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight.
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Canadian Natural Resources Ltd. (NYSE:CNQ) trade information
Instantly CNQ has showed a green trend with a performance of 1.28% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 35.93 on recent trading dayincreased the stock’s daily price by 1.06%. The company’s shares are currently up 8.52% year-to-date, but still down -0.03% over the last five days. On the other hand, Canadian Natural Resources Ltd. (NYSE:CNQ) is 8.92% up in the 30-day period. We can see from the shorts that 50.78 million shares have been sold at a short interest cover period of 4.37 day(s).
The consensus price target as assigned by Wall Street analysts is $52.92, which translates to bulls needing to increase their stock price by 32.82% from its current value. Analyst projections state that CNQ is forecast to be at a low of $44.56186168 and a high of $63.6598024.
Canadian Natural Resources Ltd. (CNQ) estimates and forecasts
Canadian Natural Resources Ltd. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -8.81 percent over the past six months and at a -16.38% annual growth rate that is well above the industry average of -16.60%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 27.79%. Canadian Natural Resources Ltd. earnings are expected to increase by -13.64% in 2024, but the outlook is positive 4.00% per year for the next five years.
CNQ Dividends
Canadian Natural Resources Ltd.’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 6.41 percent and its annual dividend per share was 2.28. It is important to note, however, that the 6.41% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.44 per year.
Canadian Natural Resources Ltd. (NYSE:CNQ)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.26% of Canadian Natural Resources Ltd. shares, and 77.74% of them are in the hands of institutional investors. The stock currently has a share float of 81.21%. Canadian Natural Resources Ltd. stock is held by 884.0 institutions, with CAPITAL WORLD INVESTORS being the largest institutional investor. By 2024-06-30, it held 13.566% of the shares, which is about 290.59 million shares worth $10.35 billion.
ROYAL BANK OF CANADA, with 5.3604% or 114.83 million shares worth $4.09 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
