S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead
S&P 500   5,061.82
DOW   37,735.11
QQQ   431.06
5 Small-Cap Energy Stocks Surged in Price and Volume on Friday
Novo Nordisk Arms Wegovy to Be a Triple Threat
Vital Farms Rides the Pasture-Raised Egg Trend to the Bank
3 Energy Plays for Cash Flow: Buy 1 or Buy Them All
M&T Bank, Goldman Sachs rise; Salesforce, Tesla fall, Monday, 4/15/2024
When Will the Next Bull Market Be?
Global smartphone shipments climb nearly 8% in 1st quarter as Samsung retakes the lead

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

$77.54
-1.69 (-2.13%)
(As of 04/15/2024 ET)
Today's Range
$77.12
$79.56
50-Day Range
$59.40
$82.34
52-Week Range
$52.66
$82.58
Volume
5.99 million shs
Average Volume
3.29 million shs
Market Capitalization
$83.13 billion
P/E Ratio
14.00
Dividend Yield
3.80%
Price Target
$94.00

Canadian Natural Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
21.2% 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
1.55mentions of Canadian Natural Resources in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
16.67%
From $5.52 to $6.44 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

31st out of 243 stocks

Crude Petroleum & Natural Gas Industry

11th out of 77 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
4/15/2024
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
+21.2%
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
$10.10 per share
Book Value
$27.50 per share

Miscellaneous

Outstanding Shares
1,072,140,000
Free Float
1,018,531,000
Market Cap
$83.13 billion
Optionable
Optionable
Beta
1.54

Social Links

A Guide To High-Short-Interest Stocks Cover

MarketBeat's analysts have just released their top five short plays for April 2024. Learn which stocks have the most short interest and how to trade them. Click the link below to see which companies made the list.

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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 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 analysts have issued 12 month price objectives for Canadian Natural Resources' shares. 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 year. This suggests a possible upside of 21.2% 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 18.3% and is now trading at $77.54.
View the best growth stocks for 2024 here
.

Are investors shorting Canadian Natural Resources?

Canadian Natural Resources saw a decline in short interest in the month of 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 short-interest ratio is presently 15.4 days. Currently, 4.5% of the company's stock 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) posted its quarterly earnings results on Thursday, February, 29th. The oil and gas producer reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.59 by $0.13. The oil and gas producer earned $7.02 billion during the quarter, compared to the consensus estimate 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 declared a quarterly dividend on Friday, March 1st. Shareholders 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 yield of 3.99%. 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 3.72%. 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 45.81% 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 a variety of retail and institutional investors. Top institutional investors include Miller Howard Investments Inc. NY (0.08%), Guinness Asset Management LTD (0.02%), Pacifica Partners Inc. (0.01%), Graybill Wealth Management LTD. (0.01%), Eagle Rock Investment Company LLC (0.00%) and Peak Financial Advisors LLC (0.00%).

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 4/16/2024 by MarketBeat.com Staff

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