Canadian Natural Resources Ltd (CNQ): Today's Featured Energy Laggard

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

Canadian Natural Resources ( CNQ) pushed the Energy industry lower today making it today's featured Energy laggard. The industry as a whole closed the day up 0.6%. By the end of trading, Canadian Natural Resources fell $0.34 (-1.1%) to $29.43 on average volume. Throughout the day, 3,626,991 shares of Canadian Natural Resources exchanged hands as compared to its average daily volume of 2,934,100 shares. The stock ranged in price between $29.01-$29.54 after having opened the day at $29.31 as compared to the previous trading day's close of $29.77. Other companies within the Energy industry that declined today were: Lone Pine Resources ( LPR), down 20.7%, ECA Marcellus Trust I ( ECT), down 6.8%, Houston American Energy Corporation ( HUSA), down 5.2% and KiOR ( KIOR), down 5.2%.
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Canadian Natural Resources Limited engages in the exploration, development, production and marketing of crude oil, natural gas liquids, and natural gas. Canadian Natural Resources has a market cap of $33.9 billion and is part of the basic materials sector. The company has a P/E ratio of 20.7, above the S&P 500 P/E ratio of 17.7. Shares are up 3.1% year to date as of the close of trading on Friday. Currently there are 9 analysts that rate Canadian Natural Resources a buy, no analysts rate it a sell, and 4 rate it a hold.

TheStreet Ratings rates Canadian Natural Resources as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. 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.

On the positive front, Swift Energy Company ( SFY), down 8.0%, Constellation Energy Partners ( CEP), down 7.5%, Camac Energy ( CAK), down 7.3% and Endeavour International ( END), down 6.8% , were all gainers within the energy industry with Halliburton Company ( HAL) being today's featured energy industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the energy industry could consider Energy Select Sector SPDR ( XLE) while those bearish on the energy industry could consider Proshares Short Oil & Gas ( DDG).

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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