Canadian Natural Resources Stock Price on June 9, 2021

CNQ Stock  USD 75.47  0.37  0.49%   
Below is the normalized historical share price chart for Canadian Natural Resources extending back to July 31, 2000. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Canadian Natural stands at 75.47, as last reported on the 28th of March, with the highest price reaching 75.84 and the lowest price hitting 74.49 during the day.
IPO Date
17th of May 1976
200 Day MA
63.5206
50 Day MA
66.9674
Beta
1.983
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Canadian Stock, it is important to understand the factors that can impact its price. Canadian Natural appears to be very steady, given 3 months investment horizon. Canadian Natural Res secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Canadian Natural Resources, which you can use to evaluate the volatility of the firm. Please makes use of Canadian Natural's Mean Deviation of 1.21, downside deviation of 1.61, and Risk Adjusted Performance of 0.0921 to double-check if our risk estimates are consistent with your expectations.
  
At this time, Canadian Natural's Total Stockholder Equity is relatively stable compared to the past year. As of 03/28/2024, Common Stock Shares Outstanding is likely to grow to about 1.3 B, though Sale Purchase Of Stock is likely to grow to (3.2 B). . As of 03/28/2024, Price Earnings Ratio is likely to drop to 10.92. In addition to that, Price To Sales Ratio is likely to drop to 2.50. Canadian Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = 0.158

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Estimated Market Risk

 1.66
  actual daily
14
86% of assets are more volatile

Expected Return

 0.26
  actual daily
5
95% of assets have higher returns

Risk-Adjusted Return

 0.16
  actual daily
12
88% of assets perform better
Based on monthly moving average Canadian Natural is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Canadian Natural by adding it to a well-diversified portfolio.
Price Book
2.7574
Enterprise Value Ebitda
5.0756
Price Sales
2.2472
Shares Float
B
Dividend Share
3.7

Canadian Natural Valuation on June 9, 2021

It is possible to determine the worth of Canadian Natural on a given historical date. On June 9, 2021 Canadian was worth 61.54 at the beginning of the trading date compared to the closed value of 51.32. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canadian Natural stock. Still, in general, we apply an absolute valuation method to find Canadian Natural's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Canadian Natural where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canadian Natural's related companies.
 Open High Low Close Volume
03/14/2022
  61.54    61.78    51.32    51.32    5,637,747  
  56.23    59.40    51.28    51.28    7,084,303  
Backtest Canadian Natural  |  Canadian Natural History  |  Canadian Natural Valuation Next  
Open Value
61.54
51.32
Closing Value
66.53
Upside

Canadian Natural Trading Date Momentum on June 9, 2021

The event impact on price volatility cannot be determined at this time. Please check this event after some time to allow current data to be analyzed.

Canadian Natural Res Fundamentals Correlations and Trends

By evaluating Canadian Natural's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Canadian Natural's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Canadian financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Canadian Natural Stock history

Canadian Natural investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Canadian is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canadian Natural Res will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Canadian Natural stock prices may prove useful in developing a viable investing in Canadian Natural
Last ReportedProjected for 2024
Common Stock Shares Outstanding1.1 B1.3 B
Net Income Applicable To Common Shares12.6 B13.2 B

Canadian Natural Stock Technical Analysis

Canadian Natural technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Canadian Natural technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Canadian Natural trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Canadian Natural Period Price Range

Low
March 14, 2022
High

 61.54 

  

 51.32 

-10.22-16.61%

Canadian Natural March 28, 2024 Market Strength

Market strength indicators help investors to evaluate how Canadian Natural stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canadian Natural shares will generate the highest return on investment. By undertsting and applying Canadian Natural stock market strength indicators, traders can identify Canadian Natural Resources entry and exit signals to maximize returns

Canadian Natural Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Canadian Natural's price direction in advance. Along with the technical and fundamental analysis of Canadian Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Canadian to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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
5.49
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.