More and more people are talking about Canadian Natural Resources over the last few weeks. Is it worth buying the Oil & Gas Drilling stock at a price of $37.02? Only time will tell. The information below will give you a basic idea of what this investment may entail:
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Canadian Natural Resources has moved 11.5% over the last year, and the S&P 500 logged a change of 33.0%
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CNQ has an average analyst rating of buy and is -7.16% away from its mean target price of $39.87 per share
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Its trailing earnings per share (EPS) is $2.56
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Canadian Natural Resources has a trailing 12 month Price to Earnings (P/E) ratio of 14.5 while the S&P 500 average is 29.3
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Its forward earnings per share (EPS) is $2.61 and its forward P/E ratio is 14.2
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The company has a Price to Book (P/B) ratio of 2.0 in contrast to the S&P 500's average ratio of 4.74
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Canadian Natural Resources is part of the Energy sector, which has an average P/E ratio of 13.62 and an average P/B of 1.86
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CNQ has reported YOY quarterly earnings growth of 21.2% and gross profit margins of 0.5%
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The company has a free cash flow of $8.89 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO). The company's midstream assets include two pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
