Post-Market Activity Shows Canadian Natural Resources (CNQ) Down
Trade-Ideas LLC identified
(
) as a post-market laggard candidate. In addition to specific proprietary factors, Trade-Ideas identified Canadian Natural Resources as such a stock due to the following factors:
- CNQ has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $84.2 million.
- CNQ is down 3.1% today from today's close.
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More details on CNQ:
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO). The stock currently has a dividend yield of 2.8%. CNQ has a PE ratio of 85. Currently there are 9 analysts that rate Canadian Natural Resources a buy, no analysts rate it a sell, and none rate it a hold.
The average volume for Canadian Natural Resources has been 4.8 million shares per day over the past 30 days. Canadian Natural has a market cap of $26.9 billion and is part of the basic materials sector and energy industry. Shares are down 20.3% year-to-date as of the close of trading on Wednesday.
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Analysis:
rates Canadian Natural Resources as a
. Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.
Highlights from the ratings report include:
- Regardless of the drop in revenue, the company managed to outperform against the industry average of 36.8%. Since the same quarter one year prior, revenues fell by 33.9%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
- 48.01% is the gross profit margin for CANADIAN NATURAL RESOURCES which we consider to be strong. Despite the high profit margin, it has decreased significantly from the same period last year. Despite the mixed results of the gross profit margin, the net profit margin of -3.56% trails the industry average.
- CANADIAN NATURAL RESOURCES has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past 2 years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, CANADIAN NATURAL RESOURCES increased its bottom line by earning $3.57 versus $2.08 in the prior year.
- Net operating cash flow has decreased to $1,608.00 million or 31.01% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, CANADIAN NATURAL RESOURCES has marginally lower results.
- Despite any intermediate fluctuations, we have only bad news to report on this stock's performance over the last year: it has tumbled by 30.65%, worse than the S&P 500's performance. Consistent with the plunge in the stock price, the company's earnings per share are down 110.63% compared to the year-earlier quarter. Despite the heavy decline in its share price, this stock is still more expensive (when compared to its current earnings) than most other companies in its industry.
- You can view the full Canadian Natural Resources Ratings Report.
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