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


The leading market experts have placed a mean price target of $33.59 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 $-0.20 a share for the upcoming quarter and $-1.10 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 $29.43, and stock is hovering 0.88 or +3.00% distant from $29.43. It is noted that the 200-day MA is $25.19, and Canadian Natural Resources Limi stock is $5.12 or +20.34% off from this point. Canadian Natural Resources Limited (NYSE:CNQ) 52-week high is $32.02 and the 52-week low is $14.60. This explains if the stock moves $-1.71, it will post a 52-week high. In event of $+107.60% points 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 $30.31 and registered a market cap of $33.26B. 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 -0.35.

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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