CNQ

Exploring Investment Opportunities in Canadian Natural Resources

Large-cap Energy company Canadian Natural Resources has logged a -2.1% change today on a trading volume of 1,841,740. The average volume for the stock is 4,362,445.

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). Based in Calgary, Canada the company has 10,272 full time employees and a market cap of $74,288,955,392. Canadian Natural Resources currently offers its equity investors a dividend that yields 5.4% per year.

The company is now trading -14.35% away from its average analyst target price of $40.44 per share. The 9 analysts following the stock have set target prices ranging from $35.01 to $43.77, and on average give Canadian Natural Resources a rating of buy.

Over the last 52 weeks, CNQ stock has risen 17.2%, which amounts to a -4.6% difference compared to the S&P 500. The stock's 52 week high is $41.29 whereas its 52 week low is $29.12 per share. Based on Canadian Natural Resources's average net margin growth of 11.4% over the last 6 years, its core business is on track for profitability and its strong stock performance may continue in the long term.

Date Reported Total Revenue ($ k) Net Profit ($ k) Net Margins (%) YoY Growth (%)
2023 35,968,000 8,233,000 23 -11.54
2022 42,298,000 10,937,000 26 4.0
2021 30,057,000 7,664,000 25 933.33
2020 16,893,000 -435,000 -3 -112.5
2019 22,871,000 5,416,000 24 100.0
2018 21,027,000 2,591,000 12
The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

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