Stock In Limelight: Canadian Natural Resources Limited (NYSE:CNQ)


Canadian Natural Resources Limited (NYSE:CNQ) has obtained a mean price target of $34.340 by market experts. The research group First Call has reached this mean recommendation by taking into account the recommendations of leading analysts in the market. These market experts have disclosed projected earnings of $-0.130 a share for the near-term quarter and $-0.680 for this year. Technical View The technical analysis of Canadian Natural Resources Limi clearly shows that the moving average of 50-days of Canadian Natural Resources Limited (NYSE:CNQ) stock is $30.443, and stock is trading -0.968 or -3.181% off from $30.443. Coming to moving average of 200-days, it is $26.893, and the stock is $2.582 or +9.601% off from this point. The 52-week high of Canadian Natural Resources Limited (NYSE:CNQ) was $32.400 while $14.600 is the low in the same period. This state Canadian Natural Resources Limi shares price has to travel more than $-2.925 to register a new high of 52-weeks or drop $+101.884% to touch a new 52-week low point. MA here stands for moving average. Taking the Valuation Aspect To reach the estimation of Canadian Natural Resources Limi, investors use price-to-earnings ratio, which is truncated as P/E ratio. It assesses shares price by the relative expense of the stock. Canadian Natural Resources Limited (NYSE:CNQ) ratio came in at N/A, which was derived by dividing current price of stock by yearly earnings. Canadian Natural Resources Limi stock recorded a close of $29.475 in last trading session, reaching a market cap of $32.35B. Investors calculate the Price-to-Earnings-Growth ratio to get a clear view on the valuation of a firm. In the case of a higher PEG ratio, the shareholders look to sell their stock holdings. The undervalued stock has a PEG ratio of 0 or 1 while the fairly valued stock has the ratio of 1 and 2. The Canadian Natural Resources Limited (NYSE:CNQ) PEG ratio is at -0.710.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

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