Stock Price & Analysis

Based on the provided data and current market conditions, CNQ's stock appears to be in a neutral to slightly bearish position in the short term. Here's the analysis:

Technical Analysis

• Current price: $31.86 (as of market close on Jan 21, 2025)
• RSI(14) at 51.81 indicates neutral momentum
• MACD at -0.13 suggests slight bearish momentum
• Price is trading above its 20-day SMA of $31.12, indicating short-term upward trend

Recent Developments

• Trump's potential trade policies could impact Canadian energy companies, including CNQ, as he plans to implement new tariffs on Canadian imports. This creates uncertainty for the stock in the near term.
• Imperial Oil's recent strong financial performance (9.2% increase in Q3 2024 net income) provides positive sector sentiment.

Fibonacci Levels Key levels to watch:

• Resistance: R1 at $33.11, R2 at $33.81
• Support: S1 at $30.82, S2 at $30.12
• Pivot point: $31.97

Market Sentiment The stock is facing some headwinds:

• Commodity price volatility concerns
• Potential trade policy changes with the U.S.
• However, strong operational performance and sector fundamentals remain supportive

Recommendation Given the current technical setup and near-term uncertainties, it would be prudent to HOLD CNQ at current levels. The stock is trading near its pivot point of $31.97, suggesting a neutral position is appropriate until clearer directional signals emerge.

Based on recent data and analysis, CNQ stock is projected to reach $38-40 by end of 2025, driven by strong production growth and strategic acquisitions. According to recent reports, CNQ targets 12% production growth in 2025 with a $4.2 billion capital budget, which should support higher valuations. The company's acquisition of Chevron's Alberta assets adding 122,500 BOE/d production in 2025 provides significant growth catalyst.

The S1 support level for CNQ Stock is $30.72 ,The R1 resistant level for CNQ Stock is $33.01.

As of the end of day on 2025-01-24, the price of CNQ Stock was $31.28.

The target price for CNQ Stock according to analyst rating is 38.25, with the highest price target at 43.68 and the lowest at 34.67. Analysts have a Moderate Buy rating on CNQ Stock overall.

The market cap of CNQ is $65.9B.

Based on the provided data and current market conditions, here's a comprehensive analysis of CNQ's valuation:

Valuation Analysis CNQ currently trades at a PE ratio of 12.78 for Q3 2024, showing a declining trend from 15.27 in Q1 2024. This suggests the stock is becoming more attractively valued compared to its historical levels.

Technical Analysis The stock is currently trading at $31.86, with a regular market percentage change of +2.38% on January 21, 2025, showing positive momentum.

Key Valuation Metrics Trend (2024):

Conclusion: CNQ is currently NOT overvalued based on several factors:

1. The declining PE ratio trend indicates improving valuation metrics throughout 2024.

2. The EV/EBITDA of 6.15 in Q3 2024 is significantly lower than Q1, suggesting attractive valuation.

3. The company's increasing dividend yield (now at 5.87%) provides additional value to shareholders.

4. Multiple valuation metrics show consistent improvement across quarters, indicating a reasonable valuation relative to fundamentals.

5. The company's strong operational performance and strategic acquisitions support current valuation levels.

Canadian Natural Resources Limited is a senior crude oil and natural gas production company. Its exploration and production segment are focused on North America, in Western Canada, the United Kingdom portion of the North Sea, and Cote d'Ivoire in Offshore Africa. Its Oil Sands Mining and Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations at Horizon Oil Sands and through its direct and indirect interest in the Athabasca Oil Sands Project (AOSP). Within Western Canada in the Midstream and Refining segment, it maintains certain activities: pipeline operations, an electricity co-generation system, and an investment in the Northwest Redwater Partnership, a general partnership formed to upgrade and refine bitumen in the Province of Alberta. It owns a 70% interest in light crude oil and liquids rich Duvernay assets. It owns 90% of AOSP: the Muskeg River and Jackpine mines, the Scotford Upgrader and the Quest Carbon Capture and Storage facility.

Based on the provided data and references, here's a price prediction analysis for CNQ stock in 2030:

Growth Outlook Canadian Natural Resources is expected to deliver strong production growth of 12% in 2025, targeting annual production of 1,510-1,555 MBOE/d. The company's acquisition of Chevron's assets, including a 20% interest in AOSP and 70% interest in Duvernay, will add approximately 122,500 BOE/d to production starting in 2025.

Price Target Analysis Given CNQ's strong fundamentals and growth trajectory, the stock price is projected to reach $48-52 by 2030. This projection is supported by:

1. Robust production growth from strategic acquisitions and organic investments
2. Low operating costs at US$15.16/bbl, down 7% year-over-year
3. Strong balance sheet with low net debt to EBITDA ratio of 0.67x

The stock price prediction of $48-52 by 2030 represents a 50-63% increase from current levels, driven by continued production growth, operational efficiency improvements, and strategic acquisitions enhancing long-term value creation potential.

CNQ has a total of 10272 employees.