Canadian Natural Resources Stock Revenue
| CNQ Stock | CAD 48.71 0.41 0.85% |
Canadian Natural Resources fundamentals help investors to digest information that contributes to Canadian Natural's financial success or failures. It also enables traders to predict the movement of Canadian Stock. The fundamental analysis module provides a way to measure Canadian Natural's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Canadian Natural stock.
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Canadian Natural Resources Company Revenue Analysis
Canadian Natural's Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Current Canadian Natural Revenue | 35.97 B |
Most of Canadian Natural's fundamental indicators, such as Revenue, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Canadian Natural Resources is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
| Competition |
Based on the latest financial disclosure, Canadian Natural Resources reported 35.97 B of revenue. This is 26.9% lower than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The revenue for all Canada stocks is significantly lower than that of the firm.
Canadian Revenue Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Canadian Natural's direct or indirect competition against its Revenue to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Canadian Natural could also be used in its relative valuation, which is a method of valuing Canadian Natural by comparing valuation metrics of similar companies.Canadian Natural is currently under evaluation in revenue category among its peers.
Canadian Fundamentals
| Return On Equity | 0.19 | ||||
| Return On Asset | 0.0821 | ||||
| Profit Margin | 0.21 % | ||||
| Operating Margin | 0.32 % | ||||
| Current Valuation | 109.07 B | ||||
| Shares Outstanding | 2.11 B | ||||
| Shares Owned By Insiders | 4.27 % | ||||
| Shares Owned By Institutions | 75.89 % | ||||
| Number Of Shares Shorted | 39.87 M | ||||
| Price To Earning | 844.23 X | ||||
| Price To Book | 2.50 X | ||||
| Price To Sales | 2.86 X | ||||
| Revenue | 35.97 B | ||||
| Gross Profit | 23.61 B | ||||
| EBITDA | 17.24 B | ||||
| Net Income | 8.23 B | ||||
| Cash And Equivalents | 920 M | ||||
| Cash Per Share | 0.43 X | ||||
| Total Debt | 12.35 B | ||||
| Debt To Equity | 0.76 % | ||||
| Current Ratio | 0.83 X | ||||
| Book Value Per Share | 18.88 X | ||||
| Cash Flow From Operations | 12.35 B | ||||
| Short Ratio | 4.18 X | ||||
| Earnings Per Share | 3.52 X | ||||
| Price To Earnings To Growth | 0.33 X | ||||
| Target Price | 56.13 | ||||
| Number Of Employees | 10.27 K | ||||
| Beta | 1.88 | ||||
| Market Capitalization | 102.06 B | ||||
| Total Asset | 79.53 B | ||||
| Retained Earnings | 28.95 B | ||||
| Working Capital | (268 M) | ||||
| Current Asset | 4.06 B | ||||
| Current Liabilities | 4.59 B | ||||
| Annual Yield | 0.05 % | ||||
| Five Year Return | 3.54 % | ||||
| Net Asset | 79.53 B | ||||
| Last Dividend Paid | 2.08 |
About Canadian Natural Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Canadian Natural Resources's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Canadian Natural using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Canadian Natural Resources based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Canadian Natural
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canadian Natural position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canadian Natural will appreciate offsetting losses from the drop in the long position's value.Moving against Canadian Stock
The ability to find closely correlated positions to Canadian Natural could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Natural when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Natural - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Natural Resources to buy it.
The correlation of Canadian Natural is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canadian Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canadian Natural Res moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canadian Natural can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Canadian Natural Resources. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stocks Directory module to find actively traded stocks across global markets.