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CNQ
Stock ticker:
NYSE
AS OF
Jul 1 closing price
Price
$54.76
Change
+$1.02 (+1.90%)
Capitalization
62.02B

CNQ Price Prediction, Canadian Natural Resources Limited AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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12:00 AM EDT Jul 01, 2022

CNQ sees MACD Histogram crosses below signal line

CNQ saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on June 13, 2022. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 42 instances where the indicator turned negative. In 29 of the 42 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 69%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 10, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on CNQ as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

CNQ moved below its 50-day moving average on June 13, 2022 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for CNQ crossed bearishly below the 50-day moving average on June 17, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CNQ declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for CNQ entered a downward trend on July 01, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where CNQ's RSI Oscillator exited the oversold zone, of 30 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where CNQ's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a +1 3-day Advance, the price is estimated to grow further. Considering data from situations where CNQ advanced for three days, in of 309 cases, the price rose further within the following month. The odds of a continued upward trend are .

CNQ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CNQ’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.116) is normal, around the industry mean (6.764). P/E Ratio (8.897) is within average values for comparable stocks, (19.168). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.540). Dividend Yield (0.037) settles around the average of (0.098) among similar stocks. P/S Ratio (2.202) is also within normal values, averaging (160.990).

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

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published price charts
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published Earnings

CNQ is expected to report earnings to fall 6.99% to $2.66 per share on August 04

Canadian Natural Resources Limited CNQ Stock Earnings Reports
Q2'22
Est.
$2.66
Q1'22
Beat
by $0.42
Q4'21
Beat
by $0.16
Q3'21
Beat
by $0.17
Q2'21
Beat
by $0.29
The last earnings report on May 05 showed earnings per share of $2.86, beating the estimate of $2.44. With 2.49M shares outstanding, the current market capitalization sits at 62.02B.
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published Dividends

CNQ paid dividends on January 05, 2022

Canadian Natural Resources Limited CNQ Stock Dividends
А quarterly dividend of $0.47 per share was paid with a record date of January 05, 2022, and an ex-dividend date of December 09, 2021. Read more...
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published Highlights

Notable companies

The most notable companies in this group are ConocoPhillips (NYSE:COP), EOG Resources (NYSE:EOG), Canadian Natural Resources Limited (NYSE:CNQ), Occidental Petroleum Corp (NYSE:OXY), Pioneer Natural Resource Co (NYSE:PXD), Devon Energy Corp (NYSE:DVN), Hess Corp (NYSE:HES), Continental Resources (NYSE:CLR), Diamondback Energy (NASDAQ:FANG), Marathon Oil Corp (NYSE:MRO).

Industry description

The oil and gas production segment includes companies that specialize in exploration, development, and production of oil and natural gas. These companies are focused on upstream operations. Companies typically identify deposits, drill wells, and extract raw materials from underground. The industry also includes related services like rig operations, feasibility studies, machinery rentals etc. Several operators in this industry work with various types of contractors such as engineering procurement and construction contractors, as well as with joint-venture partners and oil field service companies. Oil and gas often involves large fixed costs of production; so, declining crude oil prices, for example, is a potential negative for this industry. Conoco Phillips, EOG Resources, Inc. and Pioneer Natural Resources Company are some examples of companies operating in this space.

Market Cap

The average market capitalization across the Oil & Gas Production Industry is 3.25B. The market cap for tickers in the group ranges from 91 to 117.68B. COP holds the highest valuation in this group at 117.68B. The lowest valued company is TRSI at 91.

High and low price notable news

The average weekly price growth across all stocks in the Oil & Gas Production Industry was -1%. For the same Industry, the average monthly price growth was -7%, and the average quarterly price growth was 30%. PLFF experienced the highest price growth at 204%, while CSTPF experienced the biggest fall at -94%.

Volume

The average weekly volume growth across all stocks in the Oil & Gas Production Industry was -63%. For the same stocks of the Industry, the average monthly volume growth was -30% and the average quarterly volume growth was 85%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 54
P/E Growth Rating: 66
Price Growth Rating: 55
SMR Rating: 66
Profit Risk Rating: 76
Seasonality Score: -12 (-100 ... +100)
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published General Information

General Information

a company which engages in exploration and development of crude oil and gas properties

Industry OilGasProduction

Profile
Fundamentals
Details
Industry
Oil And Gas Production
Address
855 - 2nd Street S.W
Phone
+1 403 514-7605
Employees
9735
Web
https://www.cnrl.com

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CNQ and

Correlation & Price change

A.I.dvisor indicates that over the last year, CNQ has been closely correlated with MRO. These tickers have moved in lockstep 84% of the time. This A.I.-generated data suggests there is a high statistical probability that if CNQ jumps, then MRO could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CNQ
1D Price
Change %
CNQ100%
+2.03%
MRO - CNQ
84%
Closely correlated
+0.31%
ERF - CNQ
84%
Closely correlated
+0.76%
COP - CNQ
84%
Closely correlated
+1.30%
CPG - CNQ
84%
Closely correlated
+1.97%
VET - CNQ
82%
Closely correlated
+1.89%
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