Canadian Natural Resources (CNQ) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $33.79 to $34.03
• 50-Day Range: $32.64 to $37.59
• 52-Week Range: $29.45 to $41.29
• Volume: 1.35 million shs
• Average Volume: 5.28 million shs
• Market Capitalization: $71.37 billion
• P/E Ratio: 13.13
• Dividend Yield: 4.61%
• Price Target: $51.00
• Consensus Rating: Hold

Canadian Natural Resources Stock Analysis - MarketRank™

Canadian Natural Resources scored higher than 79% of companies evaluated by MarketBeat, and ranked 67th out of 265 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Canadian Natural Resources has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Canadian Natural Resources has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -5.67%

Earnings Growth

Earnings for Canadian Natural Resources are expected to decrease by -5.67% in the coming year, from $2.47 to $2.33 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Canadian Natural Resources is 13.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.02.

Price to Earnings Ratio vs. Sector

The P/E ratio of Canadian Natural Resources is 13.15, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.81.

Price to Book Value per Share Ratio

Canadian Natural Resources has a P/B Ratio of 2.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

1.18% of the float of Canadian Natural Resources has been sold short.

Short Interest Ratio / Days to Cover

Canadian Natural Resources has a short interest ratio ("days to cover") of 5.1.

Change versus previous month

Short interest in Canadian Natural Resources has recently increased by 10.85%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Canadian Natural Resources is a leading dividend payer. It pays a dividend yield of 4.64%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Canadian Natural Resources does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Canadian Natural Resources is 60.58%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Canadian Natural Resources will have a dividend payout ratio of 66.95% next year. This indicates that Canadian Natural Resources will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.7 / 5
• Environmental Score: -7.75

Percentage of Shares Shorted

1.18% of the float of Canadian Natural Resources has been sold short.

Short Interest Ratio / Days to Cover

Canadian Natural Resources has a short interest ratio ("days to cover") of 5.1.

Change versus previous month

Short interest in Canadian Natural Resources has recently increased by 10.85%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.95

News Sentiment

Canadian Natural Resources has a news sentiment score of 0.95. 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 0.78 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 22 news articles for Canadian Natural Resources this week, compared to 6 articles on an average week.

Search Interest

Only 31 people have searched for CNQ on MarketBeat in the last 30 days. This is a decrease of -30% compared to the previous 30 days.

MarketBeat Follows

Only 10 people have added Canadian Natural Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -47% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Canadian Natural Resources insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 5.00% of the stock of Canadian Natural Resources is held by insiders.

Percentage Held by Institutions

74.03% 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.

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 stock has increased by 3.3% and is now trading at $33.85.
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, October, 31st. The oil and gas producer reported $0.97 EPS for the quarter, beating the consensus estimate of $0.67 by $0.30. The oil and gas producer earned $7.62 billion during the quarter, compared to analysts' expectations of $6.40 billion. Canadian Natural Resources had a net margin of 18.45% and a trailing twelve-month return on equity of 20.07%.

When did Canadian Natural Resources' stock split?

Canadian Natural Resources shares split on Tuesday, June 11th 2024. The 2-1 split was announced on Tuesday, June 11th 2024. The newly minted shares were issued 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.

Who are Canadian Natural Resources' major shareholders?

Top institutional investors of Canadian Natural Resources include FMR LLC (4.03%), Fisher Asset Management LLC (2.06%), Yacktman Asset Management LP (1.36%) and The Manufacturers Life Insurance Company (1.35%).

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 BlackRock (BLK), Broadcom (AVGO), ServiceNow (NOW), UnitedHealth Group (UNH), The Goldman Sachs Group (GS), Illinois Tool Works (ITW) and NVIDIA (NVDA).

Company Calendar

• Ex-Dividend for 10/4 Dividend: 9/13/2024
• Dividend Payable: 10/04/2024
• Last Earnings: 10/31/2024
• Today: 11/29/2024
• Ex-Dividend for 1/3 Dividend: 12/13/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/03/2025
• Next Earnings (Estimated): 3/06/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: N/A
• Current Symbol: NYSE:CNQ
• CUSIP: N/A
• CIK: 1017413
• Web: www.cnrl.com
• Phone: (403) 514-7777
• Fax: 403-517-7350
• Employees: 10,272
• Year Founded: 1989

Price Target and Rating

• Average Stock Price Target: $51.00
• High Stock Price Target: $51.00
• Low Stock Price Target: $51.00
• Potential Upside/Downside: +52.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.57
• Trailing P/E Ratio: 13.02
• Forward P/E Ratio: 13.57
• P/E Growth: N/A
• Net Income: $6.10 billion
• Net Margins: 18.45%
• Pretax Margin: 22.92%
• Return on Equity: 20.07%
• Return on Assets: 10.51%

Debt

• Debt-to-Equity Ratio: 0.21
• Current Ratio: 0.84
• Quick Ratio: 0.53

Sales & Book Value

• Annual Sales: $41.12 billion
• Price / Sales: 1.72
• Cash Flow: $5.08 per share
• Price / Cash Flow: 6.60
• Book Value: $13.86 per share
• Price / Book: 2.42

Miscellaneous

• Outstanding Shares: 2,110,408,000
• Free Float: 2,004,888,000
• Market Cap: $70.74 billion
• Optionable: Optionable
• Beta: 1.50