NYSE:CNQ Canadian Natural Resources (CNQ) Stock Price, News & Analysis $32.86 +0.01 (+0.03%) (As of 09/18/2024 ET) Add Compare Share Share Stock Analysis Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSustainabilityTrends About Canadian Natural Resources Stock (NYSE:CNQ) 30 days 90 days 365 days Advanced Chart View Price History Chart DataSkip Price History Chart Key Stats Today's Range$32.57▼$33.3550-Day Range$31.97▼$37.4352-Week Range$29.45▼$41.29Volume3.71 million shsAverage Volume5.55 million shsMarket Capitalization$69.92 billionP/E Ratio13.09Dividend Yield4.72%Price Target$49.50Consensus RatingHold Company OverviewCanadian 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… War on Elon Escalates… (Ad)Elon Musk, the guy slated to become the world’s first trillionaire by 2027, has publicly called for the adoption of this technology for decades. By doing so he has put himself in the crosshairs of an ideological war with the global elites. And yet, while this new technology threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.Click here to learn how you can benefit from its widespread distribution. Canadian Natural Resources Stock Analysis - MarketRank™See Top Rated MarketRank™ StocksOverall MarketRank™: 90th PercentileCanadian Natural Resources scored higher than 90% of companies evaluated by MarketBeat, and ranked 56th out of 263 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation. Analyst's Opinion3.1 / 5Analyst RatingHold 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 1 research reports in the past 90 days.Read more about Canadian Natural Resources' stock forecast and price target. Earnings and Valuation3.1 / 5Proj. Earnings Growth27.71% Earnings GrowthEarnings for Canadian Natural Resources are expected to grow by 27.71% in the coming year, from $2.49 to $3.18 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Canadian Natural Resources is 13.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.33.Price to Earnings Ratio vs. SectorThe P/E ratio of Canadian Natural Resources is 13.09, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.39.Price to Book Value per Share RatioCanadian Natural Resources has a P/B Ratio of 2.39. 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. Short Interest0.0 / 5Short Interest LevelBearish Percentage of Shares Shorted5.49% 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 22.8, which indicates bearish sentiment.Change versus previous monthShort interest in Canadian Natural Resources has recently increased by 173.96%, indicating that investor sentiment is decreasing significantly. Dividend3.3 / 5Dividend StrengthStrong Dividend LeadershipCanadian Natural Resources is a leading dividend payer. It pays a dividend yield of 4.72%, 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 61.75%. 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 48.74% next year. This indicates that Canadian Natural Resources will be able to sustain or increase its dividend.Read more about Canadian Natural Resources' dividend. Sustainability and ESG0.7 / 5Environmental Score-7.75 Percentage of Shares Shorted5.49% 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 22.8, which indicates bearish sentiment.Change versus previous monthShort interest in Canadian Natural Resources has recently increased by 173.96%, indicating that investor sentiment is decreasing significantly. News and Social Media3.3 / 5News Sentiment0.99 News SentimentCanadian Natural Resources has a news sentiment score of 0.99. 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 0.62 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 20 news articles for Canadian Natural Resources this week, compared to 4 articles on an average week.Search InterestOnly 34 people have searched for CNQ on MarketBeat in the last 30 days. This is a decrease of -17% compared to the previous 30 days.MarketBeat Follows8 people have added Canadian Natural Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days. Company Ownership1.7 / 5Insider TradingN/A 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. CNQ Stock News HeadlinesNo Risky Bets, I'm Buying 2 Top Dividend Growers InsteadSeptember 18 at 11:35 AM | seekingalpha.comBrokers Set Expectations for Canadian Natural Resources Limited's FY2024 Earnings (NYSE:CNQ)September 15 at 5:07 AM | americanbankingnews.comThis diversified cannabis pioneer could make huge moves soonThe cannabis industry seems deeply saturated, so how do you know where to best invest your money? Let’s start with diversification and experience. Founded in 2005, this company serves a diverse and expansive customer base with more than 8,000 retail locations, including licensed cannabis dispensaries, smoke shops, and specialty retailers. September 18, 2024 | Greenlane (Ad)Canadian Natural Resources Limited Expected to Earn Q3 2024 Earnings of $0.63 Per Share (NYSE:CNQ)September 13, 2024 | americanbankingnews.comCanadian Natural Resources Ltd. stock rises Thursday, still underperforms marketSeptember 12, 2024 | marketwatch.comCanadian Natural Resources Ltd. stock rises Wednesday, still underperforms marketSeptember 11, 2024 | marketwatch.comCanadian Market Recovers After Early Setback, Ends Just Marginally DownSeptember 11, 2024 | markets.businessinsider.com3 Stocks Under-$50 New Investors Can Buy ConfidentlySeptember 11, 2024 | fool.caSee More Headlines CNQ Stock Analysis - Frequently Asked Questions How have CNQ shares performed this year? Canadian Natural Resources' stock was trading at $32.76 at the start of the year. Since then, CNQ shares have increased by 0.3% and is now trading at $32.86. View the best growth stocks for 2024 here. How were Canadian Natural Resources' earnings last quarter? Canadian Natural Resources Limited (NYSE:CNQ) announced its earnings results on Thursday, August, 1st. The oil and gas producer reported $0.88 EPS for the quarter, beating analysts' consensus estimates 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 net margin of 18.05% and a trailing twelve-month return on equity of 22.09%. 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 created shares were distributed 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. Who are Canadian Natural Resources' major shareholders? Top institutional shareholders 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). Company Calendar Ex-Dividend for 7/5 Dividend6/17/2024Dividend Payable7/05/2024Last Earnings8/01/2024Ex-Dividend for 10/4 Dividend9/13/2024Today9/18/2024Dividend 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+50.6%Consensus RatingHold Rating Score (0-4)2.17 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$2.51 Trailing P/E Ratio13.09 Forward P/E Ratio13.20 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 / Sales1.65 Cash Flow$5.23 per share Price / Cash Flow6.28 Book Value$13.75 per share Price / Book2.39Miscellaneous Outstanding Shares2,127,889,000Free Float2,021,495,000Market Cap$69.92 billion OptionableOptionable Beta1.51 Social Links Should I Buy Canadian Natural Resources Stock? CNQ Pros and Cons Explained 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 Monday, September 9, 2024. Please send any questions or comments about these Canadian Natural Resources pros and cons to contact@marketbeat.com. Canadian Natural Resources Bull Case Here are some ways that investors could benefit from investing in Canadian Natural Resources Limited: Canadian Natural Resources Limited has consistently beaten analysts' consensus estimates, indicating strong financial performance. The company has a healthy return on equity of 21.98%, showcasing efficient utilization of shareholder funds. Canadian Natural Resources Limited has shown a robust net margin of 18.05%, reflecting strong profitability. Recent institutional inflows into the company's stock suggest growing investor confidence in its future prospects. With a dividend yield of 4.10%, investors can benefit from a steady income stream while holding the stock. Canadian Natural Resources Bear Case Investors should be bearish about investing in Canadian Natural Resources Limited for these reasons: While the company has shown strong financial performance, the stock price may have already factored in these positive results, limiting potential for significant short-term gains. This page (NYSE:CNQ) was last updated on 9/18/2024 by MarketBeat.com Staff From Our PartnersChina Stockpiling Gold “Like No Tomorrow”For 18 consecutive months, China’s central bank has increased its gold reserve. The country, with a populat...True Gold Republic | SponsoredThis diversified cannabis pioneer could make huge moves soonThe cannabis industry seems deeply saturated, so how do you know where to best invest your money? 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