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NYSE:CNQ

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

$75.79
+0.32 (+0.42%)
(As of 10:34 AM ET)
Today's Range
$75.55
$76.21
50-Day Range
$59.40
$75.79
52-Week Range
$52.66
$76.21
Volume
422,777 shs
Average Volume
2.96 million shs
Market Capitalization
$81.37 billion
P/E Ratio
13.68
Dividend Yield
3.89%
Price Target
$94.00

Canadian Natural Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
24.5% Upside
$94.00 Price Target
Short Interest
Bearish
10.23% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.75
Upright™ Environmental Score
News Sentiment
0.89mentions of Canadian Natural Resources in the last 14 days
Based on 20 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.18%
From $5.44 to $6.32 Per Share

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.

3.98 out of 5 stars

Oils/Energy Sector

61st out of 242 stocks

Crude Petroleum & Natural Gas Industry

26th out of 75 stocks

CNQ stock logo

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.

CNQ Stock Price History

CNQ Stock News Headlines

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20 Biggest Natural Gas Companies in the World
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See More Headlines
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Company Calendar

Ex-Dividend for 1/5 Dividend
12/07/2023
Dividend Payable
1/05/2024
Last Earnings
2/29/2024
Ex-Dividend for 4/5 Dividend
3/14/2024
Today
3/28/2024
Dividend Payable
4/05/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
10,035
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$94.00
High Stock Price Target
$102.00
Low Stock Price Target
$85.00
Potential Upside/Downside
+23.9%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$6.10 billion
Pretax Margin
28.26%

Debt

Sales & Book Value

Annual Sales
$30.25 billion
Cash Flow
$10.42 per share
Book Value
$27.50 per share

Miscellaneous

Outstanding Shares
1,073,650,000
Free Float
1,019,971,000
Market Cap
$81.45 billion
Optionable
Optionable
Beta
1.53

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Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 64)
    Executive Chairman
    Comp: $8.91M
  • Mr. Scott G. Stauth (Age 58)
    President & Director
    Comp: $2.03M
  • Mr. Mark A. Stainthorpe C.F.A. (Age 46)
    CFO & Senior VP of Finance
    Comp: $1.65M
  • Victor Clinton Darel C.A. (Age 47)
    CPA, VP of Finance & Principal Accounting Officer
  • Lance J. Casson
    Manager of Investor Relations
  • Brenda Gayle Balog
    VP of Legal & General Counsel
  • Mr. 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
  • Jay E. Froc (Age 58)
    Chief Operating Officer of Oil Sands

Should I Buy Canadian Natural Resources Stock? CNQ Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Canadian Natural Resources was last updated on Monday, March 25, 2024 at 11:25 PM.

Pros

Here are some ways that investors could benefit from investing in Canadian Natural Resources Limited:

  • Canadian Natural Resources Limited offers a diverse range of crude oil and natural gas products, providing exposure to different segments of the energy market.
  • The company has a strong presence in Western Canada, the United Kingdom portion of the North Sea, and Offshore Africa, diversifying its geographical risk.
  • Recent developments indicate a positive outlook for the company, potentially leading to stock price appreciation.
  • Canadian Natural Resources Limited has a history of successful acquisitions and developments, showcasing its ability to grow and adapt in the industry.
  • The company's midstream assets, including pipeline systems and a cogeneration plant, contribute to its integrated operations and revenue streams.

Cons

Investors should be bearish about investing in Canadian Natural Resources Limited for these reasons:

  • The volatility of crude oil and natural gas prices can significantly impact the company's profitability and stock performance.
  • Environmental regulations and concerns surrounding fossil fuel usage may pose challenges to the company's operations and future growth.
  • Market competition and geopolitical factors can influence the company's market position and financial results.
  • Fluctuations in global demand for energy products may affect Canadian Natural Resources Limited's revenue and earnings stability.
  • Investors should carefully consider the overall energy market conditions and economic outlook before making investment decisions related to the company.

CNQ Stock Analysis - Frequently Asked Questions

Should I buy or sell Canadian Natural Resources stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CNQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNQ, but not buy additional shares or sell existing shares.
View CNQ analyst ratings
or view top-rated stocks.

What is Canadian Natural Resources' stock price target for 2024?

6 Wall Street analysts have issued 12-month target prices for Canadian Natural Resources' shares. Their CNQ share price targets range from $85.00 to $102.00. On average, they predict the company's share price to reach $94.00 in the next year. This suggests a possible upside of 24.5% from the stock's current price.
View analysts price targets for CNQ
or view top-rated stocks among Wall Street analysts.

How have CNQ shares performed in 2024?

Canadian Natural Resources' stock was trading at $65.52 on January 1st, 2024. Since then, CNQ shares have increased by 15.2% and is now trading at $75.48.
View the best growth stocks for 2024 here
.

Are investors shorting Canadian Natural Resources?

Canadian Natural Resources saw a increase in short interest in March. As of March 15th, there was short interest totaling 107,420,000 shares, an increase of 229.2% from the February 29th total of 32,630,000 shares. Based on an average trading volume of 2,930,000 shares, the days-to-cover ratio is currently 36.7 days. Currently, 10.2% of the company's stock are sold short.
View Canadian Natural Resources' Short Interest
.

When is Canadian Natural Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our CNQ earnings forecast
.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (NYSE:CNQ) posted its earnings results on Thursday, February, 29th. The oil and gas producer reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.13. The oil and gas producer had revenue of $7.02 billion for the quarter, compared to analyst estimates of $6.73 billion. Canadian Natural Resources had a net margin of 20.15% and a trailing twelve-month return on equity of 21.74%.

How often does Canadian Natural Resources pay dividends? What is the dividend yield for Canadian Natural Resources?

Canadian Natural Resources announced a quarterly dividend on Friday, March 1st. Stockholders of record on Friday, March 15th will be given a dividend of $0.774 per share on Friday, April 5th. This represents a $3.10 dividend on an annualized basis and a yield of 4.10%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from the stock's previous quarterly dividend of $0.72.
Read our dividend analysis for CNQ
.

Is Canadian Natural Resources a good dividend stock?

Canadian Natural Resources (NYSE:CNQ) pays an annual dividend of $2.95 per share and currently has a dividend yield of 3.93%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 53.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 46.68% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNQ.

What ETFs hold Canadian Natural Resources' stock?

ETFs with the largest weight of Canadian Natural Resources (NYSE:CNQ) stock in their portfolio include iShares North American Natural Resources ETF (IGE) and Capital Group Dividend Value ETF (CGDV).iShares Core MSCI International Developed Markets ETF (IDEV).

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.

What other stocks do shareholders of Canadian Natural Resources own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Natural Resources investors own include Pfizer (PFE), Intel (INTC), Micron Technology (MU), AbbVie (ABBV), Bank of America (BAC), Gilead Sciences (GILD), QUALCOMM (QCOM), AT&T (T), Cisco Systems (CSCO) and Suncor Energy (SU).

Who are Canadian Natural Resources' major shareholders?

Canadian Natural Resources' stock is owned by many different retail and institutional investors. Top institutional shareholders include Capital World Investors (13.39%), Capital Research Global Investors (7.78%), Vanguard Group Inc. (4.02%), Vanguard Group Inc. (4.02%), Royal Bank of Canada (0.00%) and FIL Ltd (2.18%).

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.

This page (NYSE:CNQ) was last updated on 3/28/2024 by MarketBeat.com Staff

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