Canadian Natural Stock Falls On Unusually High Volume (CNQ)

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.

NEW YORK ( TheStreet) -- Canadian Natural Resources (NYSE: CNQ) is trading at unusually high volume Monday with 6.5 million shares changing hands. It is currently at 2.1 times its average daily volume and trading down $1.72 (-5.6%) at $29.14 as of 3:56 p.m. ET.

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Canadian Natural has a market cap of $35.13 billion and is part of the basic materials sector and energy industry. Shares are up 6.9% year to date as of the close of trading on Friday.

Canadian Natural Resources Limited engages in the exploration, development, production and marketing of crude oil, natural gas liquids, and natural gas. The company has a P/E ratio of 18.6, above 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 largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Canadian Natural Ratings Report.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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