Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day down 0.2%. By the end of trading, Canadian Natural Resources fell 46 cents (-1.4%) to $31.71 on light volume. Throughout the day, 2.7 million shares of Canadian Natural Resources exchanged hands as compared to its average daily volume of 3.7 million shares. The stock ranged in price between $31.24-$32.10 after having opened the day at $32 as compared to the previous trading day's close of $32.17. Other companies within the Energy industry that declined today were:
), down 11.1%,
), down 9.3%,
), down 7.7%, and
), down 6.8%.
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Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas liquids (NGLs), and natural gas. Canadian Natural Resources has a market cap of $32.76 billion and is part of the
sector. The company has a P/E ratio of 12.6, above the average energy industry P/E ratio of 10.7 and below the S&P 500 P/E ratio of 17.7. Shares are down 14.6% year to date as of the close of trading on Tuesday. Currently there are nine analysts that rate Canadian Natural Resources a buy, no analysts rate it a sell, and three rate it a hold.
TheStreet Ratings rates Canadian Natural Resources as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income and a generally disappointing performance in the stock itself.
- You can view the full Canadian Natural Ratings Report.
On the positive front,
), up 8.6%,
), up 7.8%,
), up 6.4%, and
), up 5.2%, were all gainers within the energy industry with
) being today's featured energy industry leader.
- Use our energy section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider
) while those bearish on the energy industry could consider
- Find other investment ideas from our top rated ETFs lists.