Canadian Natural Resources Ltd. (NYSE:CNQ) price is hovering higher on Wednesday, April 17, jumping 1.03% above its previous close.
A look at today’s price movement shows that the recent level at last check reads $77.39. The company’s P/E ratio in the trailing 12-month period read 14.12. Taking into account the 52-week price action we note that the stock hit a 52-week high of $82.58 and 52-week low of $52.66. The stock added 6.51% on its value in the past month.
Canadian Natural Resources Ltd., which has a market valuation of $83.73 billion. The company stock has a Forward Dividend ratio of 2.85, while the dividend yield is 3.65%. It is understandable that investor optimism is growing ahead of the company’s current quarter results.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CNQ a short term outlook of 100% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that CNQ’s price is at present 0.57% off the SMA20 and 9.84% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 57.16, with weekly volatility standing at 2.98%. The indicator jumps to 2.01% when calculated based on the past 30 days. Canadian Natural Resources Ltd. (NYSE:CNQ)’s beta value is holding at 1.53, while the average true range (ATR) indicator is currently reading 1.69.
An analysis of the Canadian Natural Resources Ltd. (NYSE:CNQ) stock in terms of its daily trading volume indicates that the 3-month average is 3.38 million.
Current records show that the company has 1.07B in outstanding shares. The insiders’ percentage holdings are 2.26% of outstanding shares while the percentage share held by institutions stands at 76.84%. But the 19.34% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.
