Canadian Natural Resources Ltd. (NYSE:CNQ) shares traded -2.09% lower at $61.27 on Wall Street last session.
In accordance with the data, 23 analysts cover Canadian Natural Resources Ltd. (NYSE:CNQ). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $83.39 and a low of $65.74, we find $72.78. Given the previous closing price of $62.58, this indicates a potential upside of 16.3 percent. CNQ stock price is now -5.75% away from the 50-day moving average and 2.26% away from the 200-day moving average. The market capitalization of the company currently stands at $66.32B.
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It has been rated a hold by 9 analysts and a buy by 14. Brokers who have rated the stock have averaged $73.07 as their price target over the next twelve months.
A total of 2.22% of the company’s stock is owned by insiders.
Canadian Natural Resources Ltd. (NYSE: CNQ) opened at $62.50 on Thursday. During the past 12 months, Canadian Natural Resources Ltd. has had a low of $48.81 and a high of $68.74. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 0.91, and a quick ratio of 0.65. The fifty day moving average price for CNQ is $64.92 and a two-hundred day moving average price translates $59.95 for the stock.
The latest earnings results from Canadian Natural Resources Ltd. (NYSE: CNQ) was released for Sep, 2023. According to the Oil & Gas E&P Company, earnings per share came in at $1.91, beating analysts’ expectations of $1.73 by 0.18. This compares to $1.91 EPS in the same period last year. The net profit margin was 19.75% and return on equity was 18.53% for CNQ. The company reported revenue of $7.37 billion for the quarter, compared to $8.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.96 percent. For the current quarter, analysts expect CNQ to generate $7.18B in revenue.
