CNQ (Canadian Natural Resources Limited): Time to Pay Attention?

After finishing at $59.46 in the prior trading day, Canadian Natural Resources Limited (NYSE: CNQ) closed at $60.35, up 1.50%. In other words, the price has increased by $+0.89 from its previous closing price. On the day, 1817883 shares were traded. CNQ stock price reached its highest trading level at $60.55 during the session, while it also had its lowest trading level at $59.05.

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Our goal is to gain a better understanding of CNQ by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 91.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.94. For the most recent quarter (mrq), Quick Ratio is recorded 0.60 and its Current Ratio is at 0.80. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.34.

Upgrades & Downgrades

On November 21, 2022, Goldman Upgraded its rating to Buy which previously was Neutral and also upped its target price recommendation from $62 to $69.

Valuation Measures:

As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.92, and their Forward P/E ratio for the next fiscal year is 6.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.64. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.12 while its Price-to-Book (P/B) ratio in mrq is 2.38.

Stock Price History:

Over the past 52 weeks, CNQ has reached a high of $69.14, while it has fallen to a 52-week low of $43.67. The 50-Day Moving Average of the stock is 57.15, while the 200-Day Moving Average is calculated to be 56.43.

Shares Statistics:

The stock has traded on average 2.35M shares per day over the past 3-months and 2.14M shares per day over the last 10 days, according to various share statistics. A total of 1.12B shares are outstanding, with a floating share count of 1.08B. Insiders hold about 3.30% of the company’s shares, while institutions hold 66.60% stake in the company. Shares short for CNQ as of Oct 13, 2022 were 28.32M with a Short Ratio of 45.46M, compared to 67.28M on Sep 14, 2022.

Dividends & Splits

In the trailing 12 months, CNQ’s forward annual dividend rate was 1.70, compared to 2.49 this year. Against a Trailing Annual Dividend Yield of 2.86%, it implies a Forward Annual Dividend Yield of 3.70%. The stock’s 5-year Average Dividend Yield is 4.11. The current Payout Ratio is 36.80% for CNQ, which recently paid a dividend on Jan 04, 2023 with an ex-dividend date of Sep 14, 2022. Stock splits for the company last occurred on May 31, 2010 when the company split stock in a 2:1 ratio.

Earnings Estimates

Its stock is currently analyzed by 8 different market analysts. On average, analysts expect EPS of $2.11 for the current quarter, with a high estimate of $2.26 and a low estimate of $1.71, while EPS last year was $1.4. The consensus estimate for the next quarter is $2.16, with high estimates of $2.8 and low estimates of $1.75.

Analysts are recommending an EPS of between $9.5 and $7.97 for the fiscal current year, implying an average EPS of $8.75. EPS for the following year is $7.73, with 9 analysts recommending between $10.98 and $5.41.

Revenue Estimates

5 analysts predict $7.54B in revenue for the current quarter. It ranges from a high estimate of $8.45B to a low estimate of $6.25B. As of the current estimate, Canadian Natural Resources Limited’s year-ago sales were $6.09B, an estimated increase of 23.80% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $7.64B, an increase of 6.60% less than the figure of $23.80% in the same quarter last year. There is a high estimate of $8.39B for the next quarter, whereas the lowest estimate is $7.14B.

A total of 8 analysts have provided revenue estimates for CNQ’s current fiscal year. The highest revenue estimate was $37.98B, while the lowest revenue estimate was $25.84B, resulting in an average revenue estimate of $32.01B. In the same quarter a year ago, actual revenue was $23.26B, up 37.60% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $28.82B in the next fiscal year. The high estimate is $34.15B and the low estimate is $24.76B. The average revenue growth estimate for next year is down -9.90% from the average revenue estimate for this year.