A Canadian Natural Resources pump jack pumps oil out of the ground near Dorothy, Alberta, June 30, 2009.
StockReports+ is a Thomson Reuters service that helps investors pick equities by simplifying the process of evaluating stocks, finding new trading ideas, and understanding trends affecting markets and industries. Globe Unlimited subscribers get unlimited access to these reports from about 7,000 companies, which normally retail for $25 each.
Canadian Natural Resources (CNQ-T; CNQ-N) has been given a score of 7 by StockReports+, which is "relatively in-line with the market," the report says. Others in the Oil & Gas group have an average score of 4.7. Other companies with a similar rating include ARC Resources Ltd. and Tourmaline Oil. Currently 24 analysts cover the stock and the mean recommendation is a "buy" rating.
Earnings The outlook for its earnings are positive and it gets a score of 8, which is significantly more bullish that the Oil & Gas exploring and producing industry average of 5.5. Last month, the company's quarterly earnings of 0.02 cents per share were a positive surprise of 139.2 per cent.
Fundamentals Is in-line with the market at 7, however it declined from 10 over the last quarter. But it's rating is better than the industry average of 4.7. Of the 296 companies in the Oil & Gas industry group, CNQ is among the 36 companies that pay a dividend. Its dividend yield is currently 2.4 per cent.
Relative Valuation CNQ scores a 4, which is in-line with the market. It's 13.8 trailing P/E is at the low end of its five-year range (lowest 11.0 to highest 52.9).
Risk It's current score is 9, with a positive outlook and that means it's stock has low volatility and consistent return patterns. On days when the TSX is up, its shares tend to outperform the market, but on down days its shares fall further than the market.
Price Momentum Its score is 7, which is in-line with the market. On May 28, its stock closed at $38.24, 22.9 per cent below its 52-week high and 23.4 per cent above its 52-week low. Its shares have been trading 2.7 per cent below their 50-day moving average of $39.31 and 2.1 per cent below their 200-day moving average of $39.05.
Read more in this comprehensive report.
Globe app users click here for the report.
Read other reports here.