Canadian Natural Resources Stock Buy Hold or Sell Recommendation
| CNQ Stock | USD 74.86 0.09 0.12% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Canadian Natural Resources is 'Strong Buy'. Macroaxis provides Canadian Natural buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CNQ positions. The advice algorithm takes into account all of Canadian Natural's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Canadian Natural's buy or sell advice are summarized below:
Real Value 85.79 | Target Price 71.45 | Hype Value 74.86 | Market Value 74.86 | Naive Value 73.93 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Canadian Natural Resources given historical horizon and risk tolerance towards Canadian Natural. When Macroaxis issues a 'buy' or 'sell' recommendation for Canadian Natural Resources, the advice is generated through an automated system that utilizes algorithms and statistical models.
Canadian |
Execute Canadian Natural Buy or Sell Advice
The Canadian recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Canadian Natural Resources. Macroaxis does not own or have any residual interests in Canadian Natural Resources or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Canadian Natural's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Buy
Market Performance | Solid | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Barely shadows the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Canadian Natural Trading Alerts and Improvement Suggestions
| The company has 12.35 B in debt with debt to equity (D/E) ratio of 0.38, which is OK given its current industry classification. Canadian Natural Res has a current ratio of 0.76, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Canadian Natural until it has trouble settling it off, either with new capital or with free cash flow. So, Canadian Natural's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canadian Natural Res sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canadian to invest in growth at high rates of return. When we think about Canadian Natural's use of debt, we should always consider it together with cash and equity. | |
| Over 78.0% of Canadian Natural shares are held by institutions such as insurance companies | |
| On 5th of April 2024 Canadian Natural paid $ 0.7741 per share dividend to its current shareholders | |
| Latest headline from investing.com: Earnings call Canadian Natural raises dividend, targets strong cash flow |
Canadian Natural Returns Distribution Density
The distribution of Canadian Natural's historical returns is an attempt to chart the uncertainty of Canadian Natural's future price movements. The chart of the probability distribution of Canadian Natural daily returns describes the distribution of returns around its average expected value. We use Canadian Natural Resources price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Canadian Natural returns is essential to provide solid investment advice for Canadian Natural.
| Mean Return | 0.24 | Value At Risk | -2.68 | Potential Upside | 2.96 | Standard Deviation | 1.61 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Canadian Natural historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Canadian Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Canadian Natural is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Canadian Natural Resources backward and forwards among themselves. Canadian Natural's institutional investor refers to the entity that pools money to purchase Canadian Natural's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | 1832 Asset Management L.p | 2023-12-31 | 15.8 M | Mackenzie Investments | 2023-12-31 | 15.7 M | T. Rowe Price Investment Management,inc. | 2023-12-31 | 14.9 M | Yacktman Asset Management Co | 2023-12-31 | 14.9 M | Bank Of America Corp | 2023-12-31 | 13.6 M | Manufacturers Life Insurance Co | 2023-12-31 | 13.4 M | Bank Of Nova Scotia | 2023-12-31 | 12.9 M | Cibc Global Asset Management Inc | 2023-12-31 | 11.5 M | Goldman Sachs Group Inc | 2023-12-31 | 11 M | Capital World Investors | 2023-12-31 | 143.7 M | Capital Research Global Investors | 2023-12-31 | 83.5 M |
Canadian Natural Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 38M | 45M | 560M | 176M | (43M) | (40.9M) | |
| Free Cash Flow | 5.3B | 2.2B | 10.0B | 14.3B | 7.4B | 7.8B | |
| Depreciation | 5.3B | 5.9B | 5.4B | 7.4B | 6.8B | 7.1B | |
| Other Non Cash Items | (215M) | (332M) | (469M) | 357M | (786M) | (746.7M) | |
| Capital Expenditures | 3.5B | 2.6B | 4.5B | 5.1B | 4.9B | 4.3B | |
| Net Income | 5.4B | (435M) | 7.7B | 10.9B | 8.2B | 8.6B | |
| End Period Cash Flow | 139M | 184M | 744M | 920M | 877M | 920.9M | |
| Investments | (7.3B) | (2.8B) | 128M | (5.0B) | (5.2B) | (4.9B) | |
| Net Borrowings | 788M | 97M | (7.2B) | (4.2B) | (3.8B) | (3.6B) | |
| Dividends Paid | 1.7B | 2.0B | 2.2B | 4.9B | 3.9B | 4.1B | |
| Change To Netincome | 837M | (1.3B) | (936M) | (59M) | (53.1M) | (55.8M) |
Canadian Natural Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Canadian Natural or Oil, Gas & Consumable Fuels sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Canadian Natural's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Canadian stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 0.18 | |
β | Beta against NYSE Composite | 1.07 | |
σ | Overall volatility | 1.52 | |
Ir | Information ratio | 0.12 |
Canadian Natural Volatility Alert
Canadian Natural Resources has relatively low volatility with skewness of 0.32 and kurtosis of 1.76. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Canadian Natural's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Canadian Natural's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Canadian Natural Fundamentals Vs Peers
Comparing Canadian Natural's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Canadian Natural's direct or indirect competition across all of the common fundamentals between Canadian Natural and the related equities. This way, we can detect undervalued stocks with similar characteristics as Canadian Natural or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Canadian Natural's fundamental indicators could also be used in its relative valuation, which is a method of valuing Canadian Natural by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Canadian Natural to competition |
| Fundamentals | Canadian Natural | Peer Average |
| Return On Equity | 0.21 | -0.31 |
| Return On Asset | 0.0858 | -0.14 |
| Profit Margin | 0.23 % | (1.27) % |
| Operating Margin | 0.29 % | (5.51) % |
| Current Valuation | 91.1 B | 16.62 B |
| Shares Outstanding | 1.07 B | 571.82 M |
| Shares Owned By Insiders | 2.20 % | 10.09 % |
| Shares Owned By Institutions | 78.00 % | 39.21 % |
| Number Of Shares Shorted | 47.2 M | 4.71 M |
| Price To Earning | 7.81 X | 28.72 X |
| Price To Book | 2.92 X | 9.51 X |
| Price To Sales | 2.37 X | 11.42 X |
| Revenue | 35.97 B | 9.43 B |
| Gross Profit | 23.61 B | 27.38 B |
| EBITDA | 17.24 B | 3.9 B |
| Net Income | 8.23 B | 570.98 M |
| Cash And Equivalents | 920 M | 2.7 B |
| Cash Per Share | 0.87 X | 5.01 X |
| Total Debt | 12.35 B | 5.32 B |
| Debt To Equity | 0.38 % | 48.70 % |
| Current Ratio | 0.78 X | 2.16 X |
| Book Value Per Share | 37.14 X | 1.93 K |
| Cash Flow From Operations | 12.35 B | 971.22 M |
| Short Ratio | 8.75 X | 4.00 X |
| Earnings Per Share | 5.42 X | 3.12 X |
| Price To Earnings To Growth | 12.75 X | 4.89 X |
| Target Price | 82.75 | |
| Number Of Employees | 10.27 K | 18.84 K |
| Beta | 1.98 | -0.15 |
| Market Capitalization | 80.17 B | 19.03 B |
| Total Asset | 75.95 B | 29.47 B |
| Retained Earnings | 28.95 B | 9.33 B |
| Working Capital | (268 M) | 1.48 B |
Canadian Natural Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Canadian . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Canadian Natural Buy or Sell Advice
When is the right time to buy or sell Canadian Natural Resources? Buying financial instruments such as Canadian Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 14.7B | 11.4B | 12.4B | 9.9B | Total Assets | 76.7B | 76.1B | 76.0B | 40.8B |
Use Investing Ideas to Build Portfolios
In addition to having Canadian Natural in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Precious Metals Funds Thematic Idea Now
Precious Metals Funds
Funds or Etfs that invest in entities that are involved in mining, processing or dealing of precious metals. The Precious Metals Funds theme has 34 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Precious Metals Funds Theme or any other thematic opportunities.
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Check out Canadian Natural Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Complementary Tools for Canadian Stock analysis
When running Canadian Natural's price analysis, check to measure Canadian Natural's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canadian Natural is operating at the current time. Most of Canadian Natural's value examination focuses on studying past and present price action to predict the probability of Canadian Natural's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canadian Natural's price. Additionally, you may evaluate how the addition of Canadian Natural to your portfolios can decrease your overall portfolio volatility.
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Is Canadian Natural's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canadian Natural. If investors know Canadian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canadian Natural listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.765 | Dividend Share 3.7 | Earnings Share 5.42 | Revenue Per Share 32.958 | Quarterly Revenue Growth (0.01) |
The market value of Canadian Natural Res is measured differently than its book value, which is the value of Canadian that is recorded on the company's balance sheet. Investors also form their own opinion of Canadian Natural's value that differs from its market value or its book value, called intrinsic value, which is Canadian Natural's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canadian Natural's market value can be influenced by many factors that don't directly affect Canadian Natural's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canadian Natural's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canadian Natural is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canadian Natural's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.