How Smart Investors Look at Canadian Natural Resources (CNQ).

By Emilio Sanchez • Wednesday, April 09 15:10 • Permanent Link

Canadian Natural Resources logged a 10.1% change during today's afternoon session, and is now trading at a price of $27.67 per share. The S&P 500 index moved 8.0%. CNQ's trading volume is 10,423,595 compared to the stock's average volume of 7,593,414.

Canadian Natural Resources trades -24.34% away from its average analyst target price of $36.57 per share. The 2 analysts following the stock have set target prices ranging from $36.401657 to $36.74051, and on average have given Canadian Natural Resources a rating of buy.

If you are considering an investment in CNQ, you'll want to know the following:

Canadian Natural Resources has moved -38.9% over the last year, and the S&P 500 logged a change of -3.4%
Based on its trailing earnings per share of 2.0, Canadian Natural Resources has a trailing 12 month Price to Earnings (P/E) ratio of 13.8 while the S&P 500 average is 29.3
CNQ has a forward P/E ratio of 10.7 based on its forward 12 month price to earnings (EPS) of $2.59 per share
Its Price to Book (P/B) ratio is 1.47 compared to its sector average of 1.86
Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa.
Based in Calgary, the company has 10,640 full time employees and a market cap of $58.17 Billion. Canadian Natural Resources currently returns an annual dividend yield of 8.5%.

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.