In the latest trading session, 1.71 million Canadian Natural Resources Ltd (NYSE:CNQ) shares changed hands as the company’s beta touched 1.14. With the company’s most recent per share price at $30.67 changing hands around $0.68 or 2.28% at last look, the market valuation stands at $64.42B. CNQ’s current price is a discount, trading about -34.63% off its 52-week high of $41.29. The share price had its 52-week low at $25.62, which suggests the last value was 16.47% up since then. When we look at Canadian Natural Resources Ltd’s average trading volume, we note the 10-day average is 8.38 million shares, with the 3-month average coming to 6.58 million.
Analysts gave the Canadian Natural Resources Ltd (CNQ) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.77. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended CNQ as a Hold, 5 felt it is a Buy and 0 rated the stock as Underweight. Canadian Natural Resources Ltd’s EPS for the current quarter is expected to be 1.05.
Canadian Natural Resources Ltd (NYSE:CNQ) trade information
Instantly CNQ is in green as seen in intraday trades today. With action 4.87%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -0.63%, with the 5-day performance at 4.87% in the green. However, in the 30-day time frame, Canadian Natural Resources Ltd (NYSE:CNQ) is 0.87% up. Looking at the short shares, we see there were 41.03 million shares sold at short interest cover period of 1.52 days.
The consensus price target for the stock as assigned by Wall Street analysts is 52.92, meaning bulls need an upside of 42.04% from its recent market value. According to analyst projections, CNQ’s forecast low is 44.56186168 with 63.6598024 as the target high. To hit the forecast high, the stock’s price needs a -107.56% plunge from its current level, while the stock would need to soar -45.29% for it to hit the projected low.
Canadian Natural Resources Ltd (CNQ) estimates and forecasts
Year-over-year growth is forecast to reach 8.44% up from the last financial year.
Consensus estimates given by 2 financial analysts project the company’s revenue in the current quarter to hit an average of 9.97B. 2 analysts are of the opinion that Canadian Natural Resources Ltd’s revenue for the current quarter will be 8.82B. The company’s revenue for the corresponding quarters a year ago was 8.24B and 9.05B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 20.98%. The estimates for the next quarter sales put growth at -2.57%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 4.12%. The 2025 estimates are for Canadian Natural Resources Ltd earnings to increase by 11.58%, but the outlook for the next 5-year period is at 9.80% per year.
CNQ Dividends
Canadian Natural Resources Ltd is expected to release its next quarterly earnings report on 2025-Mar-05. The 3.79% annual yield figure for the share gives it an annual dividend of 1.16. It is important to note, however, that the 3.79% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.51 per year.
Canadian Natural Resources Ltd (NYSE:CNQ)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.31% of Canadian Natural Resources Ltd shares while 73.20% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 76.49%. There are 73.20% institutions holding the Canadian Natural Resources Ltd stock share, with CAPITAL WORLD INVESTORS the top institutional holder. As of 2024-06-30, the company held 13.6214% of the shares, roughly 290.59 million CNQ shares worth $10.35 billion.
ROYAL BANK OF CANADA holds the second largest percentage of outstanding shares, with 5.3823% or 114.83 million shares worth $4.09 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were American Balanced Fund and Capital World Growth and Income Fund. With 53.52 shares estimated at $1.64 billion under it, the former controlled 2.55% of total outstanding shares. On the other hand, Capital World Growth and Income Fund held about 1.77% of the shares, roughly 37.15 shares worth around $1.14 billion.
