Canadian Natural Stock Hits New 52-Week Low (CNQ)

NEW YORK ( TheStreet) -- Canadian Natural Resources (NYSE: CNQ) hit a new 52-week low Tuesday as it is currently trading at $25.10, below its previous 52-week low of $25.13 with 2.9 million shares traded as of 3:40 p.m. ET. Average volume has been 3.5 million shares over the past 30 days.

Canadian Natural has a market cap of $28.68 billion and is part of the basic materials sector and energy industry. Shares are down 30.2% year to date as of the close of trading on Monday.

Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas liquids (NGLs), and natural gas. The company has a P/E ratio of 9.5, equal to the average energy industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Canadian Natural as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and generally poor debt management. You can view the full Canadian Natural Ratings Report.

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