TSE:CNQ

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

C$105.43
+0.17 (+0.16%)
(As of 04/24/2024 ET)
Today's Range
C$104.86
C$105.87
50-Day Range
C$84.75
C$112.61
52-Week Range
C$69.83
C$112.99
Volume
2.04 million shs
Average Volume
6.30 million shs
Market Capitalization
C$112.81 billion
P/E Ratio
14.11
Dividend Yield
3.65%
Price Target
C$111.00

Canadian Natural Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.54 Rating Score
Upside/​Downside
5.3% Upside
C$111.00 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.81mentions of Canadian Natural Resources in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
C$32.57 M Sold Last Quarter
Proj. Earnings Growth
N/A

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.

3.58 out of 5 stars

CNQ stock logo

About Canadian Natural Resources Stock (TSE: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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5 High Short Interest Stocks Getting Squeezed With Upside To Go (CNQ)
High short interest fuels rallies in these blue chip stocks that analysts support. Upward price target revisions suggest a double-digit upside for them.
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Canadian Natural Resources Ltd.
Canadian Natural Resources reports Q4 results
See More 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
4/24/2024
Next Earnings (Estimated)
5/02/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas E&P
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
10,272
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$111.00
High Stock Price Target
C$126.00
Low Stock Price Target
C$86.00
Potential Upside/Downside
+5.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
13 Analysts

Profitability

Net Income
C$8.23 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$35.97 billion
Cash Flow
C$1.23 per share
Book Value
C$37.14 per share

Miscellaneous

Outstanding Shares
1,070,000,000
Free Float
N/A
Market Cap
C$112.81 billion
Optionable
Not Optionable
Beta
1.98
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Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 64)
    Executive Chairman
    Comp: $11.62M
  • Mr. Scott G. Stauth (Age 58)
    President & Director
    Comp: $3.8M
  • Mr. Mark A. Stainthorpe C.F.A. (Age 46)
    CFO & Senior VP of Finance
    Comp: $2.57M
  • Robin Sean Zabek (Age 52)
    Chief Operating Officer of E&P
    Comp: $1.29M
  • 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

CNQ Stock Analysis - Frequently Asked Questions

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

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CNQ shares.
View CNQ analyst ratings
or view top-rated stocks.

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

13 equities research analysts have issued 12 month target prices for Canadian Natural Resources' shares. Their CNQ share price targets range from C$86.00 to C$126.00. On average, they anticipate the company's stock price to reach C$111.00 in the next twelve months. This suggests a possible upside of 5.3% 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 C$86.81 at the beginning of 2024. Since then, CNQ shares have increased by 21.4% and is now trading at C$105.43.
View the best growth stocks for 2024 here
.

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 (TSE:CNQ) issued its earnings results on Thursday, February, 29th. The company reported $2.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.14 by $0.20. The company had revenue of $9.55 billion for the quarter, compared to analysts' expectations of $9.04 billion. Canadian Natural Resources had a trailing twelve-month return on equity of 21.11% and a net margin of 22.89%.

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 Thursday, February 29th. Shareholders of record on Friday, March 15th will be paid a dividend of 1.05 per share on Friday, April 5th. This represents a $4.20 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of C$1.00.
Read our dividend analysis for CNQ
.

Is Canadian Natural Resources a good dividend stock?

Canadian Natural Resources (TSE:CNQ) pays an annual dividend of C$3.85 per share and currently has a dividend yield of 3.53%. The dividend payout ratio is 51.54%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CNQ.

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 Intact Financial (IFC), Constellation Software (CSU), Enbridge (ENB), Suncor Energy (SU), Bank of Nova Scotia (BNS), Toronto-Dominion Bank (TD), Air Canada (AC), Alimentation Couche-Tard (ATD.B), Vermilion Energy (VET) and Royal Bank of Canada (RY).

How do I buy shares of Canadian Natural Resources?

Shares of CNQ stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:CNQ) was last updated on 4/24/2024 by MarketBeat.com Staff

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