Canadian Natural Resources Limited (NYSE:CNQ) is simply too cheap to pass with a price-to-sales ratio of 3.6. The competitors from Independent Oil & Gas hold an average P/S ratio of 77.28, which offer premium compared with the sector’s 15.55. In the past 13-year record, this ratio went down as low as 1.27 and as high as 4.5. Also, it is down from 53% of the total 398 rivals across the globe.
CNQ traded at an unexpectedly low level on 06/12/2017 when the stock experienced a -1.74% loss to a closing price of $34.54. The company saw 1.64 million shares trade hands over the course of the day. Given that its average daily volume over the 30 days has been 1.82 million shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a 25.85% move, based on the high target price ($43.47) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $39.87 price target, but the stock is already up 25.51% from its recent lows. However, the stock is trading at -6.12% versus recent highs ($36.79). Analysts believe that we could see stock price minimum in the $30.27 range (lowest target price), allowing for another -12.36% drop from its current position. Leading up to this report, we have seen a -5.96% fall in the stock price over the last 30 days and a 5.63% increase over the past 3 months. Overall, the share price is up 8.34% so far this year. Additionally, CNQ had a day price range of $34.47 to $35.26.Canadian Natural Resources Limited (CNQ) Price Potential
Heading into the stock price potential, Canadian Natural Resources Limited needs to grow just 17.92% to cross its median price target of $40.73. In order to determine directional movement, the 50-day and 200-day moving averages for Canadian Natural Resources Limited (NYSE:CNQ) are $34.49 and $31.77. Given that liquidity is king in short-term, CNQ is a stock with 1.19 billion shares outstanding that normally trades 0.69% of its float. The stock price recently experienced a 5-day gain of 3.82% with 0.84 average true range (ATR). CNQ has a beta of 1.49 and RSI is 50.33.
Investors also need to beware of the Enterprise Products Partners L.P. (NYSE:EPD) valuations. The stock trades on a P/S of 1.95, which suggests that the shares are attractive compared with peers. The broad Independent Oil & Gas industry has an average P/S ratio of 3.52, which is significantly better than the sector’s 15.55. In the past 13-year record, this ratio went down as low as 0.23 and as high as 2.64. Also, it is up from 59% of the total 107 rivals across the globe.Enterprise Products Partners L.P. (EPD)’s Lead Over its Technicals
Enterprise Products Partners L.P. by far traveled 3.14% versus a 1-year low price of $23.59. The share price was last seen -1.9% lower, reaching at $24.33 on Jun. 12, 2017. At recent session, the prices were hovering between $24.21 and $24.8. This company shares are 30.5% off its target price of $31.75 and the current market capitalization stands at $50.71B. The recent change has given its price a -3.42% deficit over SMA 50 and -19.57% deficit over its 52-week high. The stock witnessed -3.11% declines, -7.42% declines and -9.96% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found EPD’s volatility during a week at 2.36% and during a month it has been found around 2.03%.
Enterprise Products Partners L.P. (EPD) exchanged hands at an unexpectedly low level of 4.74 million shares over the course of the day. Noting its average daily volume at 6.03 million shares each day over the month, this signifies a pretty significant change over the norm.Enterprise Products Partners L.P. Target Levels
The market experts are predicting a 47.97% rally, based on the high target price ($36) for Enterprise Products Partners L.P. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $26 range (lowest target price). If faced, it would be a 6.86% jump from its current position. Overall, the share price is down -10.02% year to date.