Canadian Natural Resources Stock Today
| CNQ Stock | USD 76.77 0.22 0.29% |
Performance16 of 100
| Odds Of DistressLess than 11
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Canadian Natural is selling at 76.77 as of the 23rd of April 2024; that is 0.29 percent up since the beginning of the trading day. The stock's last reported lowest price was 75.85. Canadian Natural has less than a 11 % chance of experiencing some financial distress in the next two years of operation and had a solid performance during the last 90 days. Equity ratings for Canadian Natural Resources are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 24th of March 2024 and ending today, the 23rd of April 2024. Click here to learn more.
Business Domain Energy | IPO Date 17th of May 1976 |
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids . Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada. Canadian Natural operates under Oil Gas EP classification in the United States and is traded on New York Stock Exchange. The company has 1.07 B outstanding shares of which 107.42 M shares are currently shorted by investors with about 16.65 days to cover. More on Canadian Natural Resources
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Moving against Canadian Stock
| 0.69 | EP | Empire Petroleum Corp | PairCorr |
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Follow Valuation Options Odds of Bankruptcy
Financial Report 2nd of May 2024
Canadian Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Canadian Natural's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Canadian Natural or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Canadian Natural's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Canadian Natural's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| Chairman | N Edwards | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Petroleum and Natural Gas (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Oil & Gas Exploration & Production, Oil & Gas E&P, Energy, NYSE Composite, SP TSX Composite, ARCA Oil, Thomson Reuters Canada, Petroleum and Natural Gas, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Canadian Natural report their recommendations after researching Canadian Natural's financial statements, talking to executives and customers, or listening in on Canadian Natural's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Canadian Natural Res. The Canadian consensus assessment is calculated by taking the average forecast from all of the analysts covering Canadian Natural. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the analysis of Canadian Natural's profitability, liquidity, and operating efficiency, Canadian Natural Resources may be sliding down financialy. It has an above-average risk of going through some form of financial distress next quarter. Financial strength of Canadian Natural Res is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Canadian Natural's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Canadian Natural's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Canadian Natural's financial leverage. It provides some insight into what part of Canadian Natural's total assets is financed by creditors.
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Canadian Natural Resources (CNQ) is traded on New York Stock Exchange in USA. It is located in 2100, 855 - 2nd Street S.W., Calgary, AB, Canada, T2P 4J8 and employs 10,272 people. Canadian Natural is listed under Oil & Gas Exploration & Production category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 81.98 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Canadian Natural's market, we take the total number of its shares issued and multiply it by Canadian Natural's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Canadian Natural Res runs under Oil, Gas & Consumable Fuels sector within Energy industry. The entity has 1.07 B outstanding shares of which 107.42 M shares are currently shorted by investors with about 16.65 days to cover.
Canadian Natural Resources has about 920 M in cash with 12.35 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.87.
Check Canadian Natural Probability Of Bankruptcy
Ownership AllocationCanadian Natural holds a total of 1.07 Billion outstanding shares. The majority of Canadian Natural Resources outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in Canadian Natural Res to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Canadian Natural. Please pay attention to any change in the institutional holdings of Canadian Natural Resources as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Canadian Ownership Details
Canadian Stock Price Odds Analysis
In regard to a normal probability distribution, the odds of Canadian Natural jumping above the current price in 90 days from now is about 15.7%. The Canadian Natural Resources probability density function shows the probability of Canadian Natural stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon Canadian Natural has a beta of 0.9971 suggesting Canadian Natural Resources market returns are sensible to returns on the market. As the market goes up or down, Canadian Natural is expected to follow. Additionally, canadian Natural Resources has an alpha of 0.2406, implying that it can generate a 0.24 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
Based on a normal probability distribution, the odds of Canadian Natural to move above the current price in 90 days from now is about 15.7 (This Canadian Natural Resources probability density function shows the probability of Canadian Stock to fall within a particular range of prices over 90 days) .
Canadian Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Canadian Natural that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Canadian Natural's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Canadian Natural's value.| Instituion | Recorded On | 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 Historical Income Statement
Canadian Natural Resources Income Statement is one of the three primary financial statements used for reporting Canadian's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Canadian Natural Res revenue and expense. Canadian Natural Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Canadian Natural's EBITDA is relatively stable compared to the past year. As of 04/23/2024, Cost Of Revenue is likely to grow to about 25.8 B, while Tax Provision is likely to drop slightly above 738.8 M. View More FundamentalsCanadian Stock Against Markets
Picking the right benchmark for Canadian Natural stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Canadian Natural stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Canadian Natural is critical whether you are bullish or bearish towards Canadian Natural Resources at a given time. Please also check how Canadian Natural's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Canadian Natural without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Canadian Natural Corporate Directors
Canadian Natural corporate directors refer to members of a Canadian Natural board of directors. The board of directors generally takes responsibility for the Canadian Natural's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Canadian Natural's board members must vote for the resolution. The Canadian Natural board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Annette Verschuren | Independent Director | Profile | |
| Gary Filmon | Independent Director | Profile | |
| Frank McKenna | Independent Director | Profile | |
| Timothy Faithfull | Independent Director | Profile |
How to buy Canadian Stock?
Before investing in Canadian Natural, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Canadian Natural. To buy Canadian Natural stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Canadian Natural. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Canadian Natural stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Canadian Natural Resources stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Canadian Natural Resources stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Canadian Natural Resources, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Canadian Stock please use our How to Invest in Canadian Natural guide.
Already Invested in Canadian Natural Resources?
The danger of trading Canadian Natural Resources is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Canadian Natural is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Canadian Natural. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Canadian Natural Res is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Canadian Natural Res is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Canadian Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Canadian Natural Resources Stock. Highlighted below are key reports to facilitate an investment decision about Canadian Natural Resources Stock: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Natural Resources. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
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 5.43 | 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.