Canadian Natural Resources Ltd (NYSE:CNQ) has a beta value of 1.06 and has seen 6.32 million shares traded in the last trading session. The company, currently valued at $65.98B, closed the last trade at $31.52 per share which meant it lost -$0.6 on the day or -1.87% during that session. The CNQ stock price is -20.27% off its 52-week high price of $37.91 and 21.8% above the 52-week low of $24.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.54 million shares traded. The 3-month trading volume is 6.76 million shares.
The consensus among analysts is that Canadian Natural Resources Ltd (CNQ) is Buy stock at the moment, with a recommendation rating of 1.70. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 9 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight.
Canadian Natural Resources Ltd (NYSE:CNQ) trade information
Sporting -1.87% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CNQ stock price touched $31.52 or saw a rise of 8.21%. Year-to-date, Canadian Natural Resources Ltd shares have moved -9.89%, while the 5-day performance has seen it change -5.40%. Over the past 30 days, the shares of Canadian Natural Resources Ltd (NYSE:CNQ) have changed 2.27%. Short interest in the company has seen 79.04 million shares shorted with days to cover at 14.35.
Wall Street analysts have a consensus price target for the stock at $52.92, which means that the shares’ value could jump 40.44% from current levels. The projected low price target is $44.56186168 while the price target rests at a high of $63.6598024. In that case, then, we find that the current price level is -101.97% off the targeted high while a plunge would see the stock gain -41.38% from current levels.
Canadian Natural Resources Ltd (CNQ) estimates and forecasts
The company’s shares have gained 6.13% over the past 6 months.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 4.12% over the past 5 years. Earnings growth for 2025 is a modest 3.86% while over the next 5 years, the company’s earnings are expected to increase by 10.12%.
CNQ Dividends
Canadian Natural Resources Ltd is expected to release its next earnings report on 2025-May-08 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.62 at a share yield of 5.15%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 4.41%.
Canadian Natural Resources Ltd (NYSE:CNQ)’s Major holders
Insiders own 2.14% of the company shares, while shares held by institutions stand at 77.47% with a share float percentage of 79.17%. Investors are also buoyed by the number of investors in a company, with Canadian Natural Resources Ltd having a total of 916.0 institutions that hold shares in the company. The top two institutional holders are CAPITAL WORLD INVESTORS with over 290.59 million shares worth more than $10.35 billion. As of 2024-06-30, CAPITAL WORLD INVESTORS held 13.6214% of shares outstanding.
The other major institutional holder is ROYAL BANK OF CANADA, with the holding of over 114.83 million shares as of 2024-06-30. The firm’s total holdings are worth over $4.09 billion and represent 5.3823% of shares outstanding.
