Canadian Natural Resources Limited (CNQ) Company Bio
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids. The company was founded in 1973 and is based in Calgary, Canada.
CNQ Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Canadian Natural Resources Ltd with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Canadian Natural Resources Ltd ranked in the 88th percentile in terms of potential gain offered. More precisely, our analysis suggests the stock is undervalued by approximately 962.5% on a DCF basis. In terms of the factors that were most noteworthy in this DCF analysis for CNQ, they are:
Canadian Natural Resources Ltd's weighted average cost of capital (WACC) is 8%; for context, that number is higher than only 4.88% of tickers in our DCF set.
CNQ's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 3%; for context, that number is higher than only 4.88% of tickers in our DCF set.
As a business, Canadian Natural Resources Ltd experienced a tax rate of about 0% over the past twelve months; relative to its sector (Energy), this tax rate is higher than merely 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
Want more companies with a valuation profile/forecast similar to that of Canadian Natural Resources Ltd? See SMLP, PAA, TGP, WTTR, and ENBL.
Canadian investors should consider buying top Toronto Stock Exchange stocks like Canadian Natural Resources (TSX:CNQ)(NYSE:CNQ) this year. The post 3 Top Toronto Stock Exchange Stocks to Buy in 2021 appeared first on The Motley Fool Canada .
Canadian Natural Resources Limited (CNQ.TO) (TSE:CNQ) (NYSE:CNQ) Director Stephen W. Laut sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, January 15th. The stock was sold at an average price of C$31.98, for a total transaction of C$159,895.00. Following the sale, the director now owns 2,350,112 shares in the company, […]
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