NYSE:CNQ Canadian Natural Resources (CNQ) Stock Price, News & Analysis $33.23 -0.56 (-1.66%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$33.09▼$34.1550-Day Range$32.93▼$37.4352-Week Range$29.45▼$41.29Volume5.92 million shsAverage Volume5.52 million shsMarket Capitalization$70.71 billionP/E Ratio13.24Dividend Yield4.57%Price Target$49.50 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 RatingHold2.17 Rating ScoreUpside/Downside49.0% Upside$49.50 Price TargetShort InterestBearish2.00% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-7.75Upright™ Environmental ScoreNews SentimentN/AInsider TradingN/AProj. Earnings Growth28.11%From $2.49 to $3.19 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.4.34 out of 5 starsOils/Energy Sector49th out of 239 stocksCrude Petroleum & Natural Gas Industry23rd 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 4.42%, 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 47.65% 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 1.4 News and Social Media Coverage News SentimentCanadian Natural Resources has a news sentiment score of 0.50. 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 lower news sentiment than the 0.65 average news sentiment score of Oils/Energy companies.Search InterestOnly 29 people have searched for CNQ on MarketBeat in the last 30 days. This is a decrease of -26% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Canadian Natural Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% 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 3.1 Earnings and Valuation Earnings GrowthEarnings for Canadian Natural Resources are expected to grow by 28.11% in the coming year, from $2.49 to $3.19 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Canadian Natural Resources is 13.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.02.Price to Earnings Ratio vs. SectorThe P/E ratio of Canadian Natural Resources is 13.24, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.67.Price to Book Value per Share RatioCanadian Natural Resources has a P/B Ratio of 2.45. 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 Paradigm PressEx-CIA Advisor: “This is How Kamala will Rig the Election”A former CIA advisor with close ties to the White House… Has just released this shocking expose on Kamala’s plan to stop Trump. Every American needs to prepare now…Click here now and learn how to prepare. 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 29, 2024 | americanbankingnews.comCanadian Natural Resources Limited (NYSE:CNQ) Receives $48.13 Consensus Target Price from AnalystsAugust 29, 2024 | americanbankingnews.comCanadian Natural Resources Limited (NYSE:CNQ) Receives $48.13 Average Price Target from AnalystsSeptember 7, 2024 | True Gold Republic (Ad)China Stockpiling Gold “Like No Tomorrow”For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… . August 28, 2024 | msn.com10-Year Plan: 3 Dividend Stocks for Consistent Passive IncomeAugust 28, 2024 | americanbankingnews.comStockNews.com Lowers Canadian Natural Resources (NYSE:CNQ) to HoldAugust 28, 2024 | americanbankingnews.comCanadian Natural Resources (NYSE:CNQ) Rating Lowered to Hold at StockNews.comAugust 28, 2024 | americanbankingnews.comCanadian Natural Resources Limited Forecasted to Post Q1 2025 Earnings of $0.82 Per Share (NYSE:CNQ)August 26, 2024 | sg.finance.yahoo.comWith 76% institutional ownership, Canadian Natural Resources Limited (TSE:CNQ) is a favorite amongst the big gunsSeptember 7, 2024 | True Gold Republic (Ad)China Stockpiling Gold “Like No Tomorrow”For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a population of over 1.4 BILLION is “buying gold like there’s no tomorrow,” according to The New York Times. China, a rising global economic threat, aims to reduce its dependence on the US dollar… . August 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 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 profitSee 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 Earnings8/01/2024Today9/07/2024Ex-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$49.50 High Stock Price Target$51.00 Low Stock Price Target$48.00 Potential Upside/Downside+49.0%Consensus RatingHold Rating Score (0-4)2.17 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$2.51 Trailing P/E Ratio13.24 Forward P/E Ratio13.35 P/E GrowthN/ANet Income$6.10 billion Net Margins18.05% Pretax Margin23.00% Return on Equity22.09% Return on Assets11.51% Debt Debt-to-Equity Ratio0.24 Current Ratio0.88 Quick Ratio0.59 Sales & Book Value Annual Sales$42.49 billion Price / Sales1.66 Cash Flow$4.73 per share Price / Cash Flow7.02 Book Value$13.59 per share Price / Book2.45Miscellaneous Outstanding Shares2,127,889,000Free Float2,021,495,000Market Cap$70.71 billion OptionableOptionable Beta1.51 Social Links Beginner's Guide to Pot Stock InvestingClick the link below and we'll send you MarketBeat's guide to pot stock investing and which pot companies show the most promise. 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:EOGENINYSE:EView All CompetitorsInstitutional OwnershipSanctuary Advisors LLCBought 97,889 shares on 9/5/2024Ownership: 0.005%Souders Financial AdvisorsBought 50,744 shares on 8/28/2024Ownership: 0.005%Clearbridge Investments LLCBought 464,677 shares on 8/27/2024Ownership: 0.056%Cetera Investment AdvisersBought 35,962 shares on 8/22/2024Ownership: 0.003%Ted Buchan & CoBought 19,943 shares on 8/21/2024Ownership: 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 on January 1st, 2024. Since then, CNQ shares have increased by 1.4% and is now trading at $33.23. View the best growth stocks for 2024 here. How were Canadian Natural Resources' earnings last quarter? Canadian Natural Resources Limited (NYSE:CNQ) posted its quarterly earnings data on Thursday, August, 1st. The oil and gas producer reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.26. The oil and gas producer had revenue of $7.76 billion for the quarter, compared to analyst estimates of $6.19 billion. Canadian Natural Resources had a trailing twelve-month return on equity of 22.09% and a net margin of 18.05%. When did Canadian Natural Resources' stock split? Canadian Natural Resources's stock split 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 market closes 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? Canadian Natural Resources' top institutional investors 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 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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