Is Canadian Natural Stock a Good Investment?
Canadian Natural Investment Advice | CNQ |
- 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 |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Low | Details | |
Economic Sensitivity | Slowly supersedes the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
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 76.0% of the company shares are held by institutions such as insurance companies. The book value of Canadian Natural was currently reported as 18.88. The company last dividend was issued on the 13th of December 2024. Canadian Natural Res had 2:1 split on the 11th of June 2024.
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:
| Canadian Natural Res generated a negative expected return over the last 90 days | |
| Canadian Natural Resources 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. Note however, debt could still be an excellent tool for Canadian to invest in growth at high rates of return. | |
| Over 76.0% of Canadian Natural shares are held by institutions such as insurance companies | |
| On 4th of October 2024 Canadian Natural paid $ 0.3791 per share dividend to its current shareholders | |
| Latest headline from kalkinemedia.com: Strong Institutional Support for Canadian Natural Resources |
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 |
Earnings surprises can significantly impact Canadian Natural's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Canadian Natural's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2002-05-08 | 2002-03-31 | 0.09 | 0.1 | 0.01 | 11 | ||
1998-08-12 | 1998-06-30 | 0.02 | 0.01 | -0.01 | 50 | ||
1997-03-12 | 1996-12-31 | 0.06 | 0.05 | -0.01 | 16 | ||
1996-08-15 | 1996-06-30 | 0.04 | 0.03 | -0.01 | 25 | ||
2021-03-04 | 2020-12-31 | 0.13 | 0.15 | 0.02 | 15 | ||
2002-11-06 | 2002-09-30 | 0.13 | 0.15 | 0.02 | 15 | ||
2000-08-10 | 2000-06-30 | 0.17 | 0.19 | 0.02 | 11 | ||
2000-05-10 | 2000-03-31 | 0.14 | 0.16 | 0.02 | 14 |
Know Canadian Natural's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Canadian Natural is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Canadian Natural Resources backward and forwards among themselves. Canadian Natural's institutional investor refers to the entity that pools money to purchase Canadian Natural's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | 1832 Asset Management L.p | 2024-09-30 | 33.8 M | T. Rowe Price Investment Management,inc. | 2024-09-30 | 31.7 M | Mackenzie Investments | 2024-09-30 | 30.1 M | Yacktman Asset Management Co | 2024-09-30 | 29 M | Manufacturers Life Insurance Co | 2024-09-30 | 28.5 M | Cibc World Markets Inc. | 2024-06-30 | 26.6 M | Bank Of Nova Scotia | 2024-09-30 | 23 M | Cibc Global Asset Management Inc | 2024-09-30 | 22.8 M | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 22.8 M | Capital World Investors | 2024-09-30 | 278.9 M | Royal Bank Of Canada | 2024-06-30 | 114.8 M |
Canadian Natural's market capitalization trends
The company currently falls under 'Large-Cap' category with a total capitalization of 70.41 B.Market Cap |
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Canadian Natural's profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.11 | 0.11 | |
| Return On Capital Employed | 0.25 | 0.26 | |
| Return On Assets | 0.11 | 0.11 | |
| Return On Equity | 0.21 | 0.14 |
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.
Evaluate Canadian Natural's management efficiency
Canadian Natural Res has Return on Asset of 0.0821 % which means that on every $100 spent on assets, it made $0.0821 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.191 %, implying that it generated $0.191 on every 100 dollars invested. Canadian Natural's management efficiency ratios could be used to measure how well Canadian Natural manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Canadian Natural's Return On Tangible Assets are relatively stable compared to the past year. As of 11/28/2024, Return On Capital Employed is likely to grow to 0.26, while Return On Equity is likely to drop 0.14. As of 11/28/2024, Total Current Liabilities is likely to grow to about 7.8 B, while Liabilities And Stockholders Equity is likely to drop slightly above 40.8 B.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 18.25 | 19.16 | |
| Tangible Book Value Per Share | 18.25 | 19.16 | |
| Enterprise Value Over EBITDA | 6.15 | 8.71 | |
| Price Book Value Ratio | 2.38 | 2.98 | |
| Enterprise Value Multiple | 6.15 | 8.71 | |
| Price Fair Value | 2.38 | 2.98 | |
| Enterprise Value | 39.3 B | 41.2 B |
Leadership effectiveness at Canadian Natural Resources is a strong indicator of its financial stability. We analyze various metrics to provide insights into the stock's investment viability.
Dividend Yield 0.0463 | Forward Dividend Yield 0.0463 | Forward Dividend Rate 1.57 | Beta 1.878 |
Basic technical analysis of Canadian Stock
As of the 28th of November, Canadian Natural shows the Mean Deviation of 1.38, risk adjusted performance of (0.06), and Standard Deviation of 1.76. 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.Canadian Natural's Outstanding Corporate Bonds
Canadian Natural issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Canadian Natural Res uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Canadian bonds can be classified according to their maturity, which is the date when Canadian Natural Resources has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| MPLX LP 52 Corp BondUS55336VAL45 | View |
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.
| Risk Adjusted Performance | (0.06) | |||
| Market Risk Adjusted Performance | (0.35) | |||
| Mean Deviation | 1.38 | |||
| Coefficient Of Variation | (1,192) | |||
| Standard Deviation | 1.76 | |||
| Variance | 3.09 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.36) | |||
| Maximum Drawdown | 9.19 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 2.49 | |||
| Skewness | (0.09) | |||
| Kurtosis | 0.2542 |
| Risk Adjusted Performance | (0.06) | |||
| Market Risk Adjusted Performance | (0.35) | |||
| Mean Deviation | 1.38 | |||
| Coefficient Of Variation | (1,192) | |||
| Standard Deviation | 1.76 | |||
| Variance | 3.09 | |||
| Information Ratio | (0.16) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.43) | |||
| Treynor Ratio | (0.36) | |||
| Maximum Drawdown | 9.19 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 2.49 | |||
| Skewness | (0.09) | |||
| Kurtosis | 0.2542 |
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 Corporate Filings
13A | 12th of November 2024 An amended filing to the original Schedule 13G | ViewVerify |
6K | 31st of October 2024 A report filed by foreign private issuers with SEC. A foreign private issuer is a non-U.S. company with securities traded on U.S. exchanges. | ViewVerify |
| 24th of September 2024 Other Reports | ViewVerify |
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.
Canadian Natural Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Canadian Natural can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Canadian Natural Corporate Directors
| Christopher Fong | Independent Director | Profile | |
| Annette Verschuren | Independent Director | Profile | |
| David Tuer | Independent Director | Profile | |
| Frank McKenna | Independent Director | Profile |
Additional 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.