NYSE:CNQ Canadian Natural Resources (CNQ) Stock Price, News & Analysis $36.42 -0.52 (-1.41%) (As of 10:39 AM ET) Add Compare Share Share Today's Range$36.38▼$36.9450-Day Range$32.93▼$37.4352-Week Range$29.45▼$41.29Volume317,205 shsAverage Volume5.53 million shsMarket Capitalization$77.50 billionP/E Ratio14.51Dividend Yield4.17%Price Target$48.13 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends Get Canadian Natural Resources alerts: Email Address Canadian Natural Resources MarketRank™ Stock AnalysisAnalyst RatingHold2.14 Rating ScoreUpside/Downside31.3% Upside$48.50 Price TargetShort InterestBearish2.00% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-7.75Upright™ Environmental ScoreNews Sentiment0.80Based on 12 Articles This WeekInsider TradingN/AProj. Earnings Growth14.98%From $2.87 to $3.30 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.46 out of 5 starsOils/Energy Sector27th out of 232 stocksCrude Petroleum & Natural Gas Industry12th out of 79 stocks 3.1 Analyst's Opinion Consensus RatingCanadian Natural Resources has received a consensus rating of Hold. The company's average rating score is 2.17, and is based on 1 buy rating, 5 hold ratings, and no sell ratings.Amount of Analyst CoverageCanadian Natural Resources has only been the subject of 2 research reports in the past 90 days.Read more about Canadian Natural Resources' stock forecast and price target. Previous Next 2.0 Short Interest Percentage of Shares Shorted2.00% of the float of Canadian Natural Resources has been sold short.Short Interest Ratio / Days to CoverCanadian Natural Resources has a short interest ratio ("days to cover") of 8.7.Change versus previous monthShort interest in Canadian Natural Resources has recently increased by 56.66%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipCanadian Natural Resources is a leading dividend payer. It pays a dividend yield of 4.23%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCanadian Natural Resources does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Canadian Natural Resources is 60.56%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Canadian Natural Resources will have a dividend payout ratio of 46.06% next year. This indicates that Canadian Natural Resources will be able to sustain or increase its dividend.Read more about Canadian Natural Resources' dividend. Previous Next 0.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCanadian Natural Resources has received a -63.75% net impact score from Upright. The largest negative impact of Canadian Natural Resources in category "GHG emissions" seems to be driven mostly by its "Oil sand", "Bitumen", "Conventional crude oil", and "Conventional natural gas" products. See details.Environmental SustainabilityThe Environmental Impact score for Canadian Natural Resources is -7.75. Previous Next 3.2 News and Social Media Coverage News SentimentCanadian Natural Resources has a news sentiment score of 0.80. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.51 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Canadian Natural Resources this week, compared to 4 articles on an average week.Search Interest47 people have searched for CNQ on MarketBeat in the last 30 days. This is an increase of 96% compared to the previous 30 days.MarketBeat FollowsOnly 5 people have added Canadian Natural Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -29% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Canadian Natural Resources insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.00% of the stock of Canadian Natural Resources is held by insiders.Percentage Held by Institutions74.03% of the stock of Canadian Natural Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.Read more about Canadian Natural Resources' insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Canadian Natural Resources are expected to grow by 14.98% in the coming year, from $2.87 to $3.30 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Canadian Natural Resources is 14.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.88.Price to Earnings Ratio vs. SectorThe P/E ratio of Canadian Natural Resources is 14.72, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.97.Price to Book Value per Share RatioCanadian Natural Resources has a P/B Ratio of 2.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about Canadian Natural Resources' valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Banyan Hill PublishingThese 3 Tech Billionaires Are Prepared for a Radical New Money System. Are You?Ultra-Capitalism is Coming A revolutionary new technological breakthrough is about to ignite a new era of what experts are calling Ultra-Capitalism. It’s about to upend our entire financial world. Include how you invest and save for your retirement. Discover the precise moves you need to make today to protect and potentially grow your wealth as this new era of Ultra Capitalism is unleashed. Find out how here. About Canadian Natural Resources Stock (NYSE:CNQ)Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO). The company's midstream assets include two pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.Read More CNQ Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CNQ Stock News HeadlinesAugust 28 at 6:13 AM | americanbankingnews.comCanadian Natural Resources (NYSE:CNQ) Rating Lowered to Hold at StockNews.comAugust 28 at 5:33 AM | americanbankingnews.comCanadian Natural Resources Limited Forecasted to Post Q1 2025 Earnings of $0.82 Per Share (NYSE:CNQ)August 28, 2024 | Banyan Hill Publishing (Ad)These 3 Tech Billionaires Are Prepared for a Radical New Money System. Are You?Ultra-Capitalism is Coming A revolutionary new technological breakthrough is about to ignite a new era of what experts are calling Ultra-Capitalism. It’s about to upend our entire financial world. Include how you invest and save for your retirement. Discover the precise moves you need to make today to protect and potentially grow your wealth as this new era of Ultra Capitalism is unleashed. August 26 at 8:50 AM | sg.finance.yahoo.comWith 76% institutional ownership, Canadian Natural Resources Limited (TSE:CNQ) is a favorite amongst the big gunsAugust 23, 2024 | marketwatch.comCanadian Natural Resources Ltd. stock rises Friday, still underperforms marketAugust 21, 2024 | finance.yahoo.comDo Options Traders Know Something About Canadian Natural Resources (CNQ) Stock We Don't?August 19, 2024 | lse.co.ukCanadian Natural Resources Limited Share Price (CNQ.US)August 18, 2024 | seekingalpha.comTracking Ken Fisher's Fisher Asset Management Portfolio - Q2 2024 UpdateAugust 28, 2024 | Banyan Hill Publishing (Ad)These 3 Tech Billionaires Are Prepared for a Radical New Money System. Are You?Ultra-Capitalism is Coming A revolutionary new technological breakthrough is about to ignite a new era of what experts are calling Ultra-Capitalism. It’s about to upend our entire financial world. Include how you invest and save for your retirement. Discover the precise moves you need to make today to protect and potentially grow your wealth as this new era of Ultra Capitalism is unleashed. August 6, 2024 | marketwatch.comCanadian Natural Resources Ltd. stock falls Tuesday, still outperforms marketAugust 3, 2024 | markets.businessinsider.comDesjardins Keeps Their Hold Rating on Canadian Natural (CNQ)August 2, 2024 | seekingalpha.com10% Return Yield At $80 WTI: Why Canadian Natural Remains My Favorite Oil StockAugust 2, 2024 | gurufocus.comQ2 2024 Canadian Natural Resources Ltd Earnings Call TranscriptAugust 1, 2024 | reuters.comCanadian Natural Resources posts rise in Q2 profitJuly 25, 2024 | msn.comInvest $20,000 in 2 TSX Stocks for $863/Year in Passive IncomeJuly 22, 2024 | marketwatch.comCanadian Natural Resources Ltd. stock rises Monday, still underperforms marketJuly 19, 2024 | markets.businessinsider.comIs the Options Market Predicting a Spike in Canadian Natural Stock?July 17, 2024 | seekingalpha.comCanadian Natural Resources: One Of The Best Oil And Gas YieldsSee More Headlines Receive CNQ Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Canadian Natural Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Ex-Dividend for 7/5 Dividend6/17/2024Dividend Payable7/05/2024Last Earnings8/01/2024Today8/28/2024Ex-Dividend for 10/4 Dividend9/13/2024Dividend Payable10/04/2024Next Earnings (Estimated)11/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Crude petroleum & natural gas Sub-IndustryN/A Current SymbolNYSE:CNQ CUSIPN/A CIK1017413 Webwww.cnrl.com Phone(403) 514-7777Fax403-517-7350Employees10,272Year Founded1989Price Target and Rating Average Stock Price Target$48.50 High Stock Price Target$51.00 Low Stock Price Target$46.50 Potential Upside/Downside+31.4%Consensus RatingHold Rating Score (0-4)2.14 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$2.51 Trailing P/E Ratio14.59 Forward P/E Ratio12.76 P/E GrowthN/ANet Income$6.10 billion Net Margins18.05% Pretax Margin22.80% Return on Equity21.98% Return on Assets11.45% Debt Debt-to-Equity Ratio0.23 Current Ratio0.88 Quick Ratio0.61 Sales & Book Value Annual Sales$42.49 billion Price / Sales1.83 Cash Flow$5.40 per share Price / Cash Flow6.78 Book Value$13.75 per share Price / Book2.66Miscellaneous Outstanding Shares2,127,889,000Free Float2,021,495,000Market Cap$77.94 billion OptionableOptionable Beta1.52 Social Links 7 AI Stocks to Invest In: An Introduction to AI Investing For Self-Directed InvestorsAs the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.Get This Free Report Key ExecutivesMr. Norman Murray Edwards O.C. (Age 64)Executive Chairman Comp: $8.5MMr. Scott G. Stauth (Age 58)President & Director Comp: $2.78MMr. Mark A. Stainthorpe C.F.A. (Age 46)CFO & Senior VP of Finance Comp: $1.88MRobin Sean Zabek (Age 52)Chief Operating Officer of Exploration & Production Comp: $945.16kVictor Clinton Darel C.A. (Age 42)CPA, Senior VP of Finance & Principal Accounting Officer Lance J. CassonManager of Investor RelationsBrenda Gayle BalogVP of Legal & General CounselMr. Ronald Keith Laing (Age 54)Senior Vice-President of Corporate Development & Land Mark Anthony Overwater (Age 56)Vice-President of Marketing Dean W. Halewich (Age 56)Senior Vice-President of Safety, Risk Management & Innovation More ExecutivesKey CompetitorsShellNYSE:SHELTotalEnergiesNYSE:TTEPetróleo Brasileiro S.A. - PetrobrasNYSE:PBREOG ResourcesNYSE:EOGOccidental PetroleumNYSE:OXYView All CompetitorsInstitutional OwnershipClearbridge Investments LLCBought 464,677 shares on 8/27/2024Ownership: 0.056%Cetera Investment AdvisersBought 35,962 shares on 8/22/2024Ownership: 0.003%Truist Financial CorpBought 24,806 shares on 8/21/2024Ownership: 0.003%Ted Buchan & CoBought 19,943 shares on 8/21/2024Ownership: 0.001%EP Wealth Advisors LLCBought 6,646 shares on 8/19/2024Ownership: 0.001%View All Institutional Transactions Should I Buy Canadian Natural Resources Stock? CNQ Pros and Cons Explained Pros Here are some ways that investors could benefit from investing in Canadian Natural Resources Limited: Canadian Natural Resources beat analysts' consensus estimates for EPS by $0.26 in the latest quarter, indicating strong financial performance. The company has a solid return on equity of 21.98%, showcasing efficient utilization of shareholder funds. Canadian Natural Resources had a net margin of 18.05%, demonstrating profitability in its operations. Recent institutional inflows from large investors like CIBC Asset Management Inc and TD Asset Management Inc signal confidence in the company's future prospects. Despite market fluctuations, Canadian Natural Resources has maintained a stable stock price with a 1-year low of $29.13 and a 1-year high of $41.29. Cons Investors should be bearish about investing in Canadian Natural Resources Limited for these reasons: Canadian Natural Resources missed the consensus EPS estimate by ($0.01) in the latest quarter, indicating potential challenges in meeting market expectations. The company's stock has a beta of 1.52, suggesting higher volatility compared to the market average, which may pose risks to investors. Canadian Natural Resources has a debt-to-equity ratio of 0.23, indicating a moderate level of financial leverage that could impact the company's financial stability. Market analysts forecast that the company will post 2.87 EPS for the current fiscal year, which may not meet some investors' growth expectations. While the company has shown profitability, the current P/E ratio of 13.81 may indicate that the stock is not undervalued, potentially limiting immediate upside for investors. These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, August 25, 2024. Please send any questions or comments about these Canadian Natural Resources pros and cons to contact@marketbeat.com. CNQ Stock Analysis - Frequently Asked Questions How have CNQ shares performed this year? Canadian Natural Resources' stock was trading at $32.76 at the beginning of the year. Since then, CNQ stock has increased by 12.8% and is now trading at $36.94. View the best growth stocks for 2024 here. How were Canadian Natural Resources' earnings last quarter? Canadian Natural Resources Limited (NYSE:CNQ) announced its quarterly earnings results on Thursday, August, 1st. The oil and gas producer reported $0.88 EPS for the quarter, topping the consensus estimate of $0.62 by $0.26. The oil and gas producer earned $7.76 billion during the quarter, compared to analyst estimates of $6.19 billion. Canadian Natural Resources had a net margin of 18.05% and a trailing twelve-month return on equity of 21.98%. When did Canadian Natural Resources' stock split? Canadian Natural Resources's stock split before market open on Tuesday, June 11th 2024. The 2-1 split was announced on Tuesday, June 11th 2024. The newly issued shares were payable to shareholders after the closing bell on Tuesday, June 11th 2024. An investor that had 100 shares of stock prior to the split would have 200 shares after the split. What is Tim S. McKay's approval rating as Canadian Natural Resources' CEO? 6 employees have rated Canadian Natural Resources Chief Executive Officer Tim S. McKay on Glassdoor.com. Tim S. McKay has an approval rating of 96% among the company's employees. This puts Tim S. McKay in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. Who are Canadian Natural Resources' major shareholders? Top institutional investors of Canadian Natural Resources include TD Asset Management Inc (2.00%), Canada Pension Plan Investment Board (1.95%), 1832 Asset Management L.P. (1.49%) and Mackenzie Financial Corp (1.41%). How do I buy shares of Canadian Natural Resources? Shares of CNQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of Canadian Natural Resources own? Based on aggregate information from My MarketBeat watchlists, some other companies that Canadian Natural Resources investors own include Pfizer (PFE), Intel (INTC), Micron Technology (MU), AbbVie (ABBV), Bank of America (BAC), Gilead Sciences (GILD) and QUALCOMM (QCOM). This page (NYSE:CNQ) was last updated on 8/28/2024 by MarketBeat.com Staff From Our PartnersThese 3 Tech Billionaires Are Prepared for a Radical New Money System. Are You?Ultra-Capitalism is Coming A revolutionary new technological breakthrough is about to ignite a new era of w...Banyan Hill Publishing | SponsoredGrab this ETF paying a huge 22% dividendImagine a world where you don't have to stress about inflation eroding your savings... Where your paycheck ...Investors Alley | SponsoredEx WH Advisor Who Predicted Biden Leaving Race Makes Startling New PredictionFormer advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… ...Paradigm Press | SponsoredWhat Is the $7,882 Stimulus Payment 2024?Biden’s government just announced a new government "stimulus program"... And it could hand you a payment fo...Angel Publishing | Sponsored625,000% GainImagine swapping your daily coffee expense for a future free of financial worries. It might seem far-fetche...Crypto Swap Profits | SponsoredThe #1 A.I. Crypto You Don’t Own (YET!)Markets are volatile right now—stocks, cryptos, you name it. But here's a crucial fact everyone is missing:...Crypto 101 Media | SponsoredCNBC’s ‘Prophet’ issues urgent Fed warning"How I 6X-ed my wife's 401K in 1 year" At the peak of the dot-com boom, a former hedge fund manager put all...Stansberry Research | SponsoredWhat is Nvidia’s New $1 Trillion SuperProject?Taiwan Semiconductor, a partner of Nvidia’s for more than two decades, has seen its shares explode as much as ...Weiss Ratings | Sponsored Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Canadian Natural Resources Limited Please log in to your account or sign up in order to add this asset to your watchlist. Share Canadian Natural Resources With A Colleague Link copied to clipboard. Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Free CNQ Stock Alerts