With 5.31 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.41 million shares. The 52-week range on CNQ shows that it touched its highest point at $38.86 and its lowest point at $24.65 during that stretch. It currently has a 1-year price target of $36.44. With its current market cap of 67.66 billion, CNQ has annualized dividend of $1.57 while the current yield stands at 4.88%. Beta for the stock currently stands at 1.07.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CNQ was up-trending over the past week, with a rise of 12.97%, but this was up by 18.58% over a month. Three-month performance surged to 4.24% while six-month performance fell -7.41%. The stock lost -16.86% in the past year, while it has gained 4.41% so far this year. A look at the trailing 12-month EPS for CNQ yields 2.56 with Next year EPS estimates of 2.48. For the next quarter, that number is 0.49. This implies an EPS growth rate of 4.71% for this year and -2.49% for next year. EPS is expected to grow by 10.18% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 4.12%.
Float and Shares Shorts:
At present, 2.10 billion CNQ shares are outstanding with a float of 2.05 billion shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CNQ since 9 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.61757 being high and $3.48576 being low. For CNQ, this leads to a yearly average estimate of $3.57363. Based on analyst estimates, the high estimate for the next quarter is $1.01 and the low estimate is $0.55. The average estimate for the next quarter is thus $0.8.
