Canadian Natural Resources Limited (NYSE:CNQ) has a mean price target of $35.560 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.060 a share for the very next quarter and $-0.560 for this year.
The technical study of Canadian Natural Resources Limi demonstrates that the 50-day moving average of Canadian Natural Resources Limited (NYSE:CNQ) stock is $31.252, and is trading $-2.447 points away or -7.831% from 50-day moving average of $31.252. It is trading $-0.598 or -2.034% away 200-day moving average of $29.403.
The 52-week high of Canadian Natural Resources Limited (NYSE:CNQ) was $32.940 while $14.600 is the low mark in the same period. It state Canadian Natural Resources Limi share price has to surge more than $-4.135 to hit 52-week high or drop +97.295% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of Canadian Natural Resources Limi, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Canadian Natural Resources Limited (NYSE:CNQ) ratio came in at N/A, after dividing current equity price by yearly earnings. Canadian Natural Resources Limi stock recorded a close of $28.805 in last trading session, registering a market cap of $31.73B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Canadian Natural Resources Limited (NYSE:CNQ) PEG ratio is at -0.890.
1 Chart Pattern Every Investor Should Know
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