Canadian Natural Resources Stock Today

CNQ Stock  CAD 105.31  0.53  0.50%   

Performance

19 of 100

 
Weak
 
Strong
Solid

Odds Of Distress

Less than 5

 
High
 
Low
Very Low
Canadian Natural is selling at 105.31 as of the 22nd of April 2024; that is -0.5 percent decrease since the beginning of the trading day. The stock's open price was 105.84. Canadian Natural has under 5 % chance of experiencing financial distress over the next 2 years 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 23rd of March 2024 and ending today, the 22nd of April 2024. Click here to learn more.
Business Domain
Energy
Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids . Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada. CDN NATURAL operates under Oil Gas EP classification in Canada and is traded on Toronto Stock Exchange. The company has 1.07 B outstanding shares of which 19.09 M shares are currently shorted by private and institutional investors with about 2.5 days to cover all short positions. More on Canadian Natural Resources

Moving together with Canadian Stock

  0.82ENB-PFC Enbridge Pref 11PairCorr
  0.77ENB-PFU Enbridge Pref LPairCorr
  0.85RY-PS Royal BankPairCorr

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
ChairmanN Edwards
Business ConcentrationOil & Gas Exploration & Production, Oil & Gas E&P, Energy, Energy, Oil, Gas & Consumable Fuels, Oil & Gas E&P, Energy (View all Sectors)
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.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Canadian Natural's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Canadian Natural deploys its capital and how much of that capital is borrowed.
Liquidity
Canadian Natural cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has accumulated 980 M in total debt with debt to equity ratio (D/E) of 0.76, which is about average as compared to similar companies. Canadian Natural Res has a current ratio of 0.81, indicating that it has a negative working capital and may not be able to pay financial obligations in time and when they become 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.

Total Cash From Operating Activities

12.97 Billion
Canadian Natural Resources (CNQ) is traded on Toronto Exchange in Canada 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 'Mega-Cap' category with a current market capitalization of 112.78 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 operates under Oil, Gas & Consumable Fuels sector and is part of Energy industry. The entity has 1.07 B outstanding shares of which 19.09 M shares are currently shorted by private and institutional investors with about 2.5 days to cover all short positions. Canadian Natural Resources has accumulated about 920 M in cash with 12.35 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.43.
Check Canadian Natural Probability Of Bankruptcy
Ownership Allocation
Canadian 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

Contingent on a normal probability distribution, the odds of Canadian Natural jumping above the current price in 90 days from now is about 13.75%. 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. Assuming the 90 days trading horizon Canadian Natural has a beta of 0.5718 suggesting as returns on the market go up, Canadian Natural average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Canadian Natural Resources will be expected to be much smaller as well. Additionally, canadian Natural Resources has an alpha of 0.2984, implying that it can generate a 0.3 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 105.31HorizonTargetOdds Above 105.31
86.17%90 days
 105.31 
13.75%
Based on a normal probability distribution, the odds of Canadian Natural to move above the current price in 90 days from now is about 13.75 (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 Natural Res Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Canadian Natural market risk premium is the additional return an investor will receive from holding Canadian Natural long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Canadian Natural. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Canadian Natural's alpha and beta are two of the key measurements used to evaluate Canadian Natural's performance over the market, the standard measures of volatility play an important role as well.

Canadian 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.

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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?

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 Equity Valuation module to check real value of public entities based on technical and fundamental data.

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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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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.