Canadian Natural Resources logged a 3.1% change during today's afternoon session, and is now trading at a price of $35.26 per share.
Canadian Natural Resources returned gains of 15.4% last year, with its stock price reaching a high of $41.29 and a low of $29.12. Over the same period, the stock underperformed the S&P 500 index by -5.1%. The company's 50-day average price was $35.91. 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 Large-Cap Energy company has 10,272 full time employees. Canadian Natural Resources has offered a 5.6% dividend yield over the last 12 months.
Exceptional EPS Growth but Not Enough Current Assets to Cover Current Liabilities:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $21,027 | $22,871 | $16,893 | $30,057 | $42,298 | $35,968 |
| Net Margins | 12% | 24% | -3% | 25% | 26% | 23% |
| Net Income (M) | $2,591 | $5,416 | -$435 | $7,664 | $10,937 | $8,233 |
| Net Interest Expense (M) | -$739 | -$836 | -$756 | -$711 | -$549 | -$636 |
| Depreciation & Amort. (M) | $5,161 | $5,546 | $6,046 | $5,724 | $7,353 | $6,413 |
| Earnings Per Share | $2.12 | $4.54 | -$0.37 | $6.46 | $9.52 | $7.47 |
| EPS Growth | n/a | 114.15% | -108.15% | 1845.95% | 47.37% | -21.53% |
| Free Cash Flow (M) | $10,121 | $8,829 | $4,714 | $14,478 | $19,391 | $12,353 |
| Total Debt (M) | $19,482 | $18,591 | $20,110 | $13,694 | $11,041 | $9,819 |
| Current Ratio | 0.63 | 0.68 | 0.86 | 0.8 | 0.82 | 0.96 |
Canadian Natural Resources's Valuation Is in Line With Its Sector Averages:
Canadian Natural Resources has a trailing twelve month P/E ratio of 14.7, compared to an average of 13.84 for the Energy sector. Based on its EPS guidance of $3.21, the company has a forward P/E ratio of 11.2. The 6.1% compound average growth rate of Canadian Natural Resources's historical and projected earnings per share yields a PEG ratio of 2.41. This suggests that these shares are overvalued. In contrast, the market is likely undervaluing Canadian Natural Resources in terms of its equity because its P/B ratio is 1.91 while the sector average is 2.05.
Analysts Give Canadian Natural Resources an Average Rating of Buy:
The 9 analysts following Canadian Natural Resources have set target prices ranging from $34.64 to $43.3 per share, for an average of $39.89 with a buy rating. The company is trading -11.6% away from its average target price, indicating that there is an analyst consensus of some upside potential.
The largest shareholder is Capital World Investors, whose 27% stake in the company is worth $20,355,420,687.
