RevenueNet IncomeP/EP/SEBITDividendStocksMarket capitalizationDebtLiabilitiesEquityAAQSEmployeesROEROAROCE

Canadian Natural Resources P/S 2024

Canadian Natural Resources P/S

3.18

Canadian Natural Resources Dividend yield

Ticker

CNQ.TO

ISIN

CA1363851017

WKN

865114

As of Apr 27, 2024, Canadian Natural Resources's P/S ratio stood at 3.18, a 40.71% change from the 2.26 P/S ratio recorded in the previous year.

The Canadian Natural Resources P/S history

Canadian Natural Resources Aktienanalyse

What does Canadian Natural Resources do?

Canadian Natural Resources Ltd is a Canadian energy company founded in 1989 and headquartered in Calgary. The company is engaged in the exploration, production, refining, and marketing of petroleum, natural gas, and natural resources. Canadian Natural Resources is one of the largest independent energy companies in Canada and a leading global oil and gas producer. The business model of Canadian Natural Resources is based on the exploration, production, and marketing of crude oil and natural gas. The company operates in three segments: upstream production, midstream production, and downstream production. Upstream production includes the exploration and production of oil and gas resources in Canada, North Africa, and the North Sea region. Canadian Natural Resources has numerous production areas in Canada, including the Athabasca oil sands region in Alberta, the Montney Formation in British Columbia, and the Horn River Basin in the Northwest Territories. Midstream production includes the maintenance, operation, and marketing of pipelines and oil sands tailings facilities, as well as the processing of crude oil and the transportation of liquefied natural gas (LNG). Canadian Natural Resources is a key partner in the Northern Gateway Pipelines project, which aims to transport crude oil from the Athabasca oil sands region to Kitimat on the west coast of Canada. Downstream production includes the refining of crude oil and the production of various petrochemicals and fuels. Canadian Natural Resources operates refineries and petrochemical plants throughout Canada and the United States. Canadian Natural Resources produces and markets various oil and gas products, including crude oil, light and heavy refinery products, natural gas, and liquefied natural gas (LNG). The company is also a major producer of bitumen, which is used in the production of synthetic oils and oil sands products. Canadian Natural Resources also operates a network of gas stations under the brand "Petro-Canada," serving retail and wholesale customers in Canada and the United States. Canadian Natural Resources invests heavily in new technologies to improve the efficiency and sustainability of oil and gas production. The company has developed and implemented a range of technologies that reduce environmental impact and production costs while increasing operational efficiency and safety. These technologies include hydraulic fracturing, steam-assisted gravity drainage (SAGD), and geothermal energy. Canadian Natural Resources is committed to acting responsibly and sustainably to protect the environment and the communities in which it operates. The company works closely with all regulatory authorities to ensure compliance with all environmental standards. Canadian Natural Resources also focuses on sustainability and has set a target to reduce its CO2 emissions by 30% by 2030. Overall, Canadian Natural Resources is a leading energy company specializing in the production of crude oil, natural gas, and other natural resources. Thanks to its innovative technologies and high commitment to environmental and social responsibility, the company has played a significant role in the Canadian economy and the renewable energy sector. Canadian Natural Resources ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/S Details

Decoding Canadian Natural Resources's P/S Ratio

Canadian Natural Resources's Price to Sales (P/S) Ratio is a crucial financial metric that measures the company's market valuation relative to its total sales revenue. It's calculated by dividing the company's market capitalization by its total sales over a specific period. A lower P/S ratio can indicate that the company is undervalued, while a higher ratio may suggest overvaluation.

Year-to-Year Comparison

Comparing Canadian Natural Resources's P/S ratio yearly provides insights into how the market perceives the company’s value relative to its sales. An increasing ratio over time can indicate growing investor confidence, while a decreasing trend might reflect concerns about the company’s revenue generation capabilities or market conditions.

Impact on Investments

The P/S ratio is instrumental for investors evaluating Canadian Natural Resources's stock. It offers insights into the company’s efficiency in generating sales and its market valuation. Investors use this ratio to compare similar companies within the same industry, aiding in selecting stocks that offer the best value for investment.

Interpreting P/S Ratio Fluctuations

Variations in Canadian Natural Resources’s P/S ratio can result from changes in the stock price, sales revenue, or both. Understanding these fluctuations is crucial for investors to evaluate the company’s current valuation and future growth potential, aligning their investment strategies accordingly.

Frequently Asked Questions about Canadian Natural Resources Stock

What is the price-to-earnings ratio of Canadian Natural Resources?

The price-earnings ratio of Canadian Natural Resources is currently 3.18.

How has the price-earnings ratio of Canadian Natural Resources changed compared to last year?

The price-to-earnings ratio of Canadian Natural Resources has increased by 40.71% increased compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Canadian Natural Resources high compared to other companies?

Yes, the price-to-earnings ratio of Canadian Natural Resources is high compared to other companies.

How does an increase in the price-earnings ratio of Canadian Natural Resources affect the company?

An increase in the price-earnings ratio of Canadian Natural Resources would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Canadian Natural Resources affect the company?

A decrease in the price-earnings ratio of Canadian Natural Resources would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Canadian Natural Resources?

Some factors that influence the price-earnings ratio of Canadian Natural Resources are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Canadian Natural Resources pay?

Over the past 12 months, Canadian Natural Resources paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Canadian Natural Resources is expected to pay a dividend of 5.37 CAD.

What is the dividend yield of Canadian Natural Resources?

The current dividend yield of Canadian Natural Resources is .

When does Canadian Natural Resources pay dividends?

Canadian Natural Resources pays a quarterly dividend. This is distributed in the months of July, October, January, April.

How secure is the dividend of Canadian Natural Resources?

Canadian Natural Resources paid dividends every year for the past 23 years.

What is the dividend of Canadian Natural Resources?

For the upcoming 12 months, dividends amounting to 5.37 CAD are expected. This corresponds to a dividend yield of 5.04 %.

In which sector is Canadian Natural Resources located?

Canadian Natural Resources is assigned to the 'Energy' sector.

Wann musste ich die Aktien von Canadian Natural Resources kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Canadian Natural Resources from 4/5/2024 amounting to 1.05 CAD, you needed to have the stock in your portfolio before the ex-date on 3/14/2024.

When did Canadian Natural Resources pay the last dividend?

The last dividend was paid out on 4/5/2024.

What was the dividend of Canadian Natural Resources in the year 2023?

In the year 2023, Canadian Natural Resources distributed 4.6 CAD as dividends.

In which currency does Canadian Natural Resources pay out the dividend?

The dividends of Canadian Natural Resources are distributed in CAD.

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Andere Kennzahlen von Canadian Natural Resources

Our stock analysis for Canadian Natural Resources Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Canadian Natural Resources Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.