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: $30.04 to $31.28
• 50-Day Range: $29.51 to $34.22
• 52-Week Range: $28.65 to $41.29
• Volume: 5.92 million shs
• Average Volume: 6.72 million shs
• Market Capitalization: $65.23 billion
• P/E Ratio: 12.05
• Dividend Yield: 5.13%
• Price Target: N/A
• Consensus Rating: Hold

Canadian Natural Resources Stock Analysis - MarketRank™

Canadian Natural Resources scored higher than 63% of companies evaluated by MarketBeat, and ranked 143rd out of 276 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: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Canadian Natural Resources.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 0.82%

Earnings Growth

Earnings for Canadian Natural Resources are expected to grow by 0.82% in the coming year, from $2.44 to $2.46 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Canadian Natural Resources is 12.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.49.

Price to Earnings Ratio vs. Sector

The P/E ratio of Canadian Natural Resources is 12.05, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.07.

Price to Book Value per Share Ratio

Canadian Natural Resources has a P/B Ratio of 2.26. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.67% 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 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Canadian Natural Resources has recently increased by 78.61%, 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 5.24%, 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 61.75%. 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 64.63% 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

0.67% 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 2.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Canadian Natural Resources has recently increased by 78.61%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.15

News Sentiment

Canadian Natural Resources has a news sentiment score of 1.15. 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 0.69 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Canadian Natural Resources this week, compared to 6 articles on an average week.

Search Interest

51 people have searched for CNQ on MarketBeat in the last 30 days. This is an increase of 21% compared to the previous 30 days.

MarketBeat Follows

Only 12 people have added Canadian Natural Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -20% 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 $30.87 at the beginning of 2025. Since then, CNQ stock has increased by 0.5% and is now trading at $31.0170.
View the best growth stocks for 2025 here.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (NYSE:CNQ) announced its quarterly earnings data on Thursday, October, 31st. The oil and gas producer reported $0.97 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.30. The oil and gas producer earned $7.62 billion during the quarter, compared to the consensus estimate of $6.40 billion. Canadian Natural Resources had a trailing twelve-month return on equity of 20.07% and a net margin of 18.45%.

When did Canadian Natural Resources' stock split?

Canadian Natural Resources's stock split on the morning of Tuesday, June 11th 2024. The 2-1 split was announced on Tuesday, June 11th 2024. The newly created 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.

Who are Canadian Natural Resources' major shareholders?

Top institutional shareholders of Canadian Natural Resources include Yacktman Asset Management LP (1.38%), CIBC Asset Management Inc (1.15%), Principal Financial Group Inc. (0.21%) and Bank of New York Mellon Corp (0.21%).

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.

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

• Last Earnings: 10/31/2024
• Ex-Dividend for 1/3 Dividend: 12/13/2024
• Dividend Payable: 1/03/2025
• Today: 2/04/2025
• Next Earnings (Estimated): 3/06/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Crude petroleum & natural gas
• Sub-Industry: Petroleum And Natural Gas
• 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

Profitability

• EPS (Most Recent Fiscal Year): $2.5750
• Trailing P/E Ratio: 12.05
• Forward P/E Ratio: 12.71
• 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: $30.25 billion
• Price / Sales: 2.16
• Cash Flow: $5.28 per share
• Price / Cash Flow: 5.88
• Book Value: $13.75 per share
• Price / Book: 2.26

Miscellaneous

• Outstanding Shares: 2,103,180,000
• Free Float: 1,998,017,000
• Market Cap: $65.23 billion
• Optionable: Optionable
• Beta: 1.45