Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Canadian Natural Resources Ltd (USA) before investing.

In this article, we go over a few key elements for understanding Canadian Natural Resources Ltd (USA)’s stock price such as:

• Canadian Natural Resources Ltd (USA)’s current stock price and volume
• Why Canadian Natural Resources Ltd (USA)’s stock price changed recently
• Upgrades and downgrades for CNQ from analysts
• CNQ’s stock price momentum as measured by its relative strength

About Canadian Natural Resources Ltd (USA) (CNQ)

Before we jump into Canadian Natural Resources Ltd (USA)’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Canadian Natural Resources Limited is a Canada-based independent crude oil and natural gas exploration, development and production company. The Company's segments include exploration and production, oil sands mining and upgrading, and midstream and refining. The exploration and production segment is focused on North America, specifically in Western Canada; the United Kingdom portion of the North Sea, and Cote d'Ivoire and South Africa in Offshore Africa. The oil sands mining and upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations at Horizon Oil Sands and through its direct and indirect interest in the Athabasca Oil Sands Project. Within Western Canada in the midstream and refining segment, the Company maintains certain activities that include pipeline operations, an electricity co-generation system and an investment in the Northwest Redwater Partnership, a general partnership formed to upgrade and refine bitumen in the Province of Alberta.

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Canadian Natural Resources Ltd (USA)’s Stock Price as of Market Close

As of June 11, 2024, 4:01 PM, CST, Canadian Natural Resources Ltd (USA)’s stock price was $35.55.

Canadian Natural Resources Ltd (USA) is down 49.87% from its previous closing price of $70.91.

During the last market session, Canadian Natural Resources Ltd (USA)’s stock traded between $70.70 and $71.48. Currently, there are 1,071.04 million shares of Canadian Natural Resources Ltd (USA) stock available for purchase.

Canadian Natural Resources Ltd (USA)’s price-earnings (P/E) ratio is currently at 14.4, which is high compared to the Oil & Gas - Exploration and Production industry median of 11.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Canadian Natural Resources Ltd (USA) Stock Price History

Canadian Natural Resources Ltd (USA)’s (CNQ) price is currently down 53.73% so far this month.

During the month of June, Canadian Natural Resources Ltd (USA)’s stock price has reached a high of $77.01 and a low of $34.73.

Over the last year, Canadian Natural Resources Ltd (USA) has hit prices as high as $82.58 and as low as $52.66. Year to date, Canadian Natural Resources Ltd (USA)’s stock is down 35.98%.

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What Caused Canadian Natural Resources Ltd (USA) Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 10, 2024, there were 2 analysts who downgraded Canadian Natural Resources Ltd (USA)’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Canadian Natural Resources Ltd (USA)’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Canadian Natural Resources Ltd (USA)’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Canadian Natural Resources Ltd (USA)’s current valuation based on AAII’s Value Grade is a C, which means it is considered to be Average.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Canadian Natural Resources Ltd (USA) (CNQ) by visiting AAII Stock Evaluator.

Relative Price Strength of Canadian Natural Resources Ltd (USA)

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 10, 2024, Canadian Natural Resources Ltd (USA) has a weighted four-quarter relative price strength of -0.79%, which translates to a Momentum Score of 69 and is considered to be Strong.

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Canadian Natural Resources Ltd (USA) Stock Price: Bottom Line

As of June 11, 2024, Canadian Natural Resources Ltd (USA)’s stock price is $35.55, which is down 49.87% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Canadian Natural Resources Ltd (USA) stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.