Canadian Natural Resources Ltd (CNQ) saw an uptrend of 2.69% in the recent trading with $32.03 being its most recent. The current price level -15.50% lower than the highest price of $37.91 marked by the stock while trading over the past 52-weeks, whereas it is 29.94% higher than the lowest price of $24.65 the company dropped to over past 52-weeks. The latest news story on CNQ appeared in (Zacks) under the title “Shell’s LNG Canada Expansion Accelerates Under Carney’s Priority List”.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Strong Buy by 9 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 1.65 for the stock.
Canadian Natural Resources Ltd Earnings – What Happened With CNQ
Coming around sales and income figures on CNQ Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Canadian Natural Resources Ltd (CNQ) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 6.86% for net revenue.
CNQ – Canadian Natural Resources Ltd Stock Earnings Estimates
The perspective of Canadian Natural Resources Ltd (NYSE:CNQ)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.91 for stock’s EPS in the current quarter. Canadian Natural Resources Ltd (CNQ) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 6.86% for net revenue. Company’s EPS for the last quarter was 0.97.
Canadian Natural Resources Ltd – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 2.09 billion. CNQ does have institutional investors; and they hold 76.69% of the stock.
As on 2024-06-30, CAPITAL WORLD INVESTORS was the top most holder in Canadian Natural Resources Ltd (NYSE:CNQ) with an ownership of 290.59 million shares of the company or 13.6214 of the stake worth $10.35 billion. The filing also reveals ROYAL BANK OF CANADA as the second largest holder in the company with a control over 5.3823 of the outstanding shares. Its stake is worth $4.09 billion for having 114.83 million shares in hand.
CAPITAL RESEARCH GLOBAL INVESTORS also came holding a key position in the company during the recent quarter and it now holds 5.2335 of the outstanding shares. With this there are now 922.0 institutions which have possession in CNQ’s shares.
Key Metrics for CNQ
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Canadian Natural Resources Ltd has a debt to equity ratio of 0.45.
