Stock To Watch: Canadian Natural Resources Limited (NYSE:CNQ)


The leading market experts have placed a mean price target of $34.63 on Canadian Natural Resources Limited (NYSE:CNQ) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.05 a share for the upcoming quarter and $-0.60 for the current fiscal.

Technical View

The technical analysis of Canadian Natural Resources Limi plainly substantiates that the 50-day moving average of Canadian Natural Resources Limi is $30.73, and stock is trading $1.30 points away or +4.24% from its 50-day moving average of $30.73. Further it is trading $4.58 or +16.71% away its 200-day moving average of $27.44. Canadian Natural Resources Limited (NYSE:CNQ) 52-week high is $32.40 and the 52-week low is $14.60.

This explains if the stock moves $-0.37, it will post a 52-week high. In event of +119.38% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Canadian Natural Resources Limi, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Canadian Natural Resources Limited (NYSE:CNQ) ratio came in at N/A.

The stock last ended the trading session at $32.03 and registered a market cap of $35.28B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Canadian Natural Resources Limited (NYSE:CNQ) PEG ratio is at -0.87.

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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