NEW YORK (
Canadian Natural Resources
) hit a new 52-week high Thursday as it traded at $50.01 compared with its previous 52-Week high of $49.83. Canadian Natural is changing hands at $49.92 with 140,341 shares traded as of 9:31 a.m. ET. Average volume has been three million shares over the past 30 days.
Canadian Natural has a market cap of $52.4 billion and is part of the
industry. Shares are up 9.7% year to date as of the close of trading on Wednesday.
Canadian Natural Resources Limited engages in the exploration, development, and production of crude oil and natural gas. The company has a P/E ratio of 13, below the average energy industry P/E ratio of 20.9 and below the S&P 500 P/E ratio of 22.7.
TheStreet Ratings rates Canadian Natural as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full
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