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

$76.73
-0.10 (-0.13%)
(As of 03:34 PM ET)
Today's Range
$76.50
$77.55
50-Day Range
$59.40
$82.34
52-Week Range
$52.66
$82.58
Volume
1.78 million shs
Average Volume
3.30 million shs
Market Capitalization
$82.27 billion
P/E Ratio
13.85
Dividend Yield
3.84%
Price Target
$94.00

Canadian Natural Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
22.4% Upside
$94.00 Price Target
Short Interest
Healthy
4.50% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.75
Upright™ Environmental Score
News Sentiment
1.75mentions of Canadian Natural Resources in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
20.35%
From $5.70 to $6.86 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.

4.39 out of 5 stars

Oils/Energy Sector

34th out of 231 stocks

Crude Petroleum & Natural Gas Industry

11th 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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Company Calendar

Last Earnings
2/29/2024
Ex-Dividend for 4/5 Dividend
3/14/2024
Dividend Payable
4/05/2024
Today
4/19/2024
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
10,272
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
+22.6%
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
$10.25 per share
Book Value
$27.50 per share

Miscellaneous

Outstanding Shares
1,072,140,000
Free Float
1,018,531,000
Market Cap
$82.22 billion
Optionable
Optionable
Beta
1.54

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Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 64)
    Executive Chairman
    Comp: $8.55M
  • Mr. Scott G. Stauth (Age 58)
    President & Director
    Comp: $2.8M
  • Mr. Mark A. Stainthorpe C.F.A. (Age 46)
    CFO & Senior VP of Finance
    Comp: $1.89M
  • Robin Sean Zabek (Age 52)
    Chief Operating Officer of E&P
    Comp: $951.12k
  • 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 55)
    Vice-President of Marketing
  • Dean W. Halewich (Age 56)
    Senior Vice-President of Safety, Risk Management & Innovation

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 Limited has a strong track record of acquiring, exploring, and developing oil and gas assets, providing potential for long-term growth.
  • The company offers a diverse range of crude oil products, including light and medium crude oil, which can help mitigate risk associated with fluctuations in specific oil markets.
  • With a significant presence in Western Canada, the United Kingdom North Sea, and Offshore Africa, Canadian Natural Resources Limited has a geographically diversified portfolio that can offer stability in various market conditions.
  • Recent developments in the company's midstream assets, such as pipeline systems and cogeneration plants, indicate a commitment to operational efficiency and cost-effectiveness.
  • Investors may find the current stock price of Canadian Natural Resources Limited attractive, potentially offering a favorable entry point for investment.

Cons

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

  • Volatility in crude oil and natural gas prices can impact the company's profitability and financial performance, exposing investors to market risks.
  • Regulatory changes in the energy sector, especially related to environmental policies and emissions regulations, could increase operational costs for Canadian Natural Resources Limited.
  • Dependency on global economic conditions and geopolitical factors may introduce uncertainties in the company's revenue streams and growth prospects.
  • Fluctuations in currency exchange rates, particularly in regions where Canadian Natural Resources Limited operates, can affect the company's financial results and cash flows.
  • Investors should consider the cyclical nature of the oil and gas industry, which can lead to periods of downturns impacting the company's stock performance.
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 Thursday, April 11, 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

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

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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 analysts have issued 1-year target prices for Canadian Natural Resources' stock. Their CNQ share price targets range from $85.00 to $102.00. On average, they expect the company's share price to reach $94.00 in the next twelve months. This suggests a possible upside of 22.4% 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 at the beginning of 2024. Since then, CNQ shares have increased by 17.2% and is now trading at $76.82.
View the best growth stocks for 2024 here
.

Are investors shorting Canadian Natural Resources?

Canadian Natural Resources saw a decline in short interest in March. As of March 31st, there was short interest totaling 47,200,000 shares, a decline of 56.1% from the March 15th total of 107,420,000 shares. Based on an average daily volume of 3,070,000 shares, the days-to-cover ratio is currently 15.4 days. Currently, 4.5% of the shares of the company are short sold.
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) announced its earnings results on Thursday, February, 29th. The oil and gas producer reported $1.72 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 trailing twelve-month return on equity of 21.74% and a net margin of 20.15%.

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 paid a dividend of $0.774 per share on Friday, April 5th. This represents a $3.10 annualized dividend and a dividend yield of 4.03%. 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 3.82%. 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 43.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNQ.

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 institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.24%), Addenda Capital Inc. (0.11%), Dixon Mitchell Investment Counsel Inc. (0.08%), Miller Howard Investments Inc. NY (0.08%), Galibier Capital Management Ltd. (0.04%) and Guinness Asset Management LTD (0.02%).

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 4/19/2024 by MarketBeat.com Staff

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