Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
Trade-Ideas LLC identified
) as a post-market leader 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 $197.9 million.
- CNQ is up 3.5% today from today's close.
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More details on CNQ:
Canadian Natural Resources Limited explores for, develops, produces, markets, and sells crude oil, natural gas liquids (NGLs), and natural gas in North America. The stock currently has a dividend yield of 2.2%. CNQ has a PE ratio of 14.0. Currently there are 6 analysts that rate Canadian Natural Resources a buy, no analysts rate it a sell, and 1 rates it a hold.
The average volume for Canadian Natural Resources has been 4.2 million shares per day over the past 30 days. Canadian Natural has a market cap of $39.1 billion and is part of the basic materials sector and energy industry. Shares are up 5.8% year-to-date as of the close of trading on Wednesday.
rates Canadian Natural Resources as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels, expanding profit margins, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
Highlights from the ratings report include:
- CNQ's revenue growth has slightly outpaced the industry average of 6.4%. Since the same quarter one year prior, revenues slightly increased by 1.1%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- The gross profit margin for CANADIAN NATURAL RESOURCES is rather high; currently it is at 59.85%. It has increased from the same quarter the previous year. Along with this, the net profit margin of 22.05% significantly outperformed against the industry average.
- Net operating cash flow has slightly increased to $2,331.00 million or 9.28% when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of -2.19%.
- The current debt-to-equity ratio, 0.49, is low and is below the industry average, implying that there has been successful management of debt levels. Even though the company has a strong debt-to-equity ratio, the quick ratio of 0.34 is very weak and demonstrates a lack of ability to pay short-term obligations.
- You can view the full Canadian Natural Resources Ratings Report.