Is Canadian Natural Stock a Good Investment?

Canadian Natural Investment Advice

  CNQ
To provide specific investment advice or recommendations on Canadian Natural Resources stock, we recommend investors consider the following general factors when evaluating Canadian Natural Resources. This will help you to make an informed decision on whether to include Canadian Natural in one of your diversified portfolios:
  • Examine Canadian Natural's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
  • Research Canadian Natural's leadership team and their track record. Good management can help Canadian Natural navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
  • Consider the overall health of the Oil & Gas Exploration & Production space and any emerging trends that could impact Canadian Natural's business and its evolving consumer preferences.
  • Compare Canadian Natural's performance and market position to its competitors. Analyze how Canadian Natural is positioned in terms of product offerings, innovation, and market share.
  • Check if Canadian Natural pays a dividend and its dividend yield and payout ratio.
  • Review what financial analysts are saying about Canadian Natural's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Canadian Natural Resources stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if Canadian Natural Resources is a good investment.
 
Sell
 
Buy
Strong Buy
Macroaxis provides unbiased investment recommendation on Canadian Natural Res that should be used to complement current analysts and expert consensus on Canadian Natural Resources. Our trade advice engine determines the company's potential to grow exclusively from the perspective of an investors' current risk tolerance and investing horizon. To make sure Canadian Natural is not overpriced, please confirm all Canadian Natural Res fundamentals, including its current ratio, total asset, and the relationship between the net income and price to earnings to growth . Given that Canadian Natural Res has a price to earning of 7.81 X, we suggest you to validate Canadian Natural Resources market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Market Performance

SolidDetails

Volatility

Very steadyDetails

Hype Condition

Over hypedDetails

Current Valuation

Fairly ValuedDetails

Odds Of Distress

LowDetails

Economic Sensitivity

Almost mirrors the marketDetails

Investor Sentiment

ImpartialDetails

Analyst Consensus

Not AvailableDetails

Financial Strenth (F Score)

HealthyDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Possible ManipulatorDetails

Examine Canadian Natural Stock

Researching Canadian Natural's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 79.0% of the company shares are held by institutions such as insurance companies. The book value of Canadian Natural was currently reported as 37.14. The company recorded earning per share (EPS) of 5.43. Canadian Natural Res last dividend was issued on the 14th of March 2024. The entity had 1021:1000 split on the 22nd of August 2022.
To determine if Canadian Natural is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Canadian Natural's research are outlined below:
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 79.0% 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
Canadian Natural uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Canadian Natural Resources. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Canadian Natural's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
7th of March 2024
Upcoming Quarterly Report
View
2nd of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
7th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

Canadian Natural's market capitalization trends

The company currently falls under 'Large-Cap' category with a total capitalization of 83.49 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's profitablity analysis

Canadian Natural's profitability indicators refer to fundamental financial ratios that showcase Canadian Natural's ability to generate income relative to its revenue or operating costs. If, let's say, Canadian Natural is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Canadian Natural's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Canadian Natural's profitability requires more research than a typical breakdown of Canadian Natural's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 0.23 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.29 %, which entails that for every 100 dollars of revenue, it generated $0.29 of operating income.
Determining Canadian Natural's profitability involves analyzing its financial statements and using various financial metrics to determine if Canadian Natural is a good buy. For example, gross profit margin measures Canadian Natural's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Canadian Natural's profitability and make more informed investment decisions.
The data published in Canadian Natural's official financial statements usually reflect Canadian Natural's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Canadian Natural Res. For example, before you start analyzing numbers published by Canadian accountants, it's critical to develop an understanding of what Canadian Natural's liquidity, profitability, and earnings quality are in the context of the Oil, Gas & Consumable Fuels space in which it operates.
Please note, the presentation of Canadian Natural's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Canadian Natural's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Canadian Natural's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Canadian Natural Resources. Please utilize our Beneish M Score to check the likelihood of Canadian Natural's management manipulating its earnings.

Basic technical analysis of Canadian Stock

As of the 17th of April 2024, Canadian Natural shows the Downside Deviation of 1.65, mean deviation of 1.16, and Risk Adjusted Performance of 0.1503. Canadian Natural Res technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Canadian Natural Resources, which can be compared to its peers. Please confirm Canadian Natural Res coefficient of variation, treynor ratio, as well as the relationship between the Treynor Ratio and semi variance to decide if Canadian Natural Res is priced correctly, providing market reflects its regular price of 77.39 per share. Given that Canadian Natural has jensen alpha of 0.3156, we suggest you to validate Canadian Natural Resources's prevailing market performance to make sure the company can sustain itself at a future point.

Understand Canadian Natural's technical and predictive indicators

Using predictive indicators to make investment decisions involves analyzing Canadian Natural's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.

Consider Canadian Natural's intraday indicators

Canadian Natural intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Canadian Natural stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Canadian Natural time-series forecasting models is one of many Canadian Natural's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Canadian Natural's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Canadian Stock media impact

Far too much social signal, news, headlines, and media speculation about Canadian Natural that are available to investors today. That information is available publicly through Canadian media outlets and privately through word of mouth or via Canadian internal channels. However, regardless of the origin, that massive amount of Canadian data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Canadian Natural news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Canadian Natural relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Canadian Natural's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Canadian Natural alpha.

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.

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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 VerschurenIndependent DirectorProfile
Gary FilmonIndependent DirectorProfile
Frank McKennaIndependent DirectorProfile
Timothy FaithfullIndependent DirectorProfile

How to buy Canadian Stock?

To provide specific investment advice or recommendations on Canadian Natural Resources stock, we recommend investors consider the following general factors when evaluating Canadian Natural Resources. This will help you to make an informed decision on whether to include Canadian Natural in one of your diversified portfolios:
  • Examine Canadian Natural's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
  • Research Canadian Natural's leadership team and their track record. Good management can help Canadian Natural navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
  • Consider the overall health of the Oil & Gas Exploration & Production space and any emerging trends that could impact Canadian Natural's business and its evolving consumer preferences.
  • Compare Canadian Natural's performance and market position to its competitors. Analyze how Canadian Natural is positioned in terms of product offerings, innovation, and market share.
  • Check if Canadian Natural pays a dividend and its dividend yield and payout ratio.
  • Review what financial analysts are saying about Canadian Natural's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Canadian Natural Resources stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that 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. Below is a detailed guide on how to decide if Canadian Natural Resources is a good investment.

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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.

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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.
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.
In summary, please note that there is a difference between Canadian Natural's value and its price, as these two are different measures arrived at by various 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.