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S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
New Trump Bombshell (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Recession risks are fading, business economists say, but political tensions pose threat to economy
New Trump Bombshell (Ad)
Airbnb stock bulls just went all in before earnings
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
New Trump Bombshell (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Recession risks are fading, business economists say, but political tensions pose threat to economy
New Trump Bombshell (Ad)
Airbnb stock bulls just went all in before earnings
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts
S&P 500   5,026.61
DOW   38,671.69
QQQ   437.05
Israel's finance minister blasts Moody's downgrade of the the country's credit rating
Obama’s 2024 Confession (Ad)
Mardi Gras beads are creating a plastic disaster in New Orleans. Are there green alternatives?
Super Bowl Live Updates | 49ers are Super Bowl favorites in 2025
New Trump Bombshell (Ad)
FMC stock just set a new ceiling higher, 50% higher indeed
Recession risks are fading, business economists say, but political tensions pose threat to economy
New Trump Bombshell (Ad)
Airbnb stock bulls just went all in before earnings
Venezuela defends military buildup, accusing neighboring Guyana of granting illegal oil contracts

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

$60.82
+0.24 (+0.40%)
(As of 02/9/2024 08:56 PM ET)
Today's Range
$60.35
$61.00
50-Day Range
$59.95
$67.56
52-Week Range
$48.81
$68.74
Volume
2.21 million shs
Average Volume
3.17 million shs
Market Capitalization
$65.26 billion
P/E Ratio
12.75
Dividend Yield
4.85%
Price Target
$94.00

Canadian Natural Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
54.6% Upside
$94.00 Price Target
Short Interest
Healthy
2.52% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.75
Upright™ Environmental Score
News Sentiment
1.47mentions of Canadian Natural Resources in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.77%
From $5.41 to $5.56 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.

4.74 out of 5 stars

Oils/Energy Sector

29th out of 231 stocks

Crude Petroleum & Natural Gas Industry

14th out of 74 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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Obama’s 2024 Confession
Barack Obama’s confession about the 2024 election just leaked online… In short, he’s worried Biden “could very well lose.” But before you think that means Trump will win… You should see the evidence I’ve found about an election shock that could come as soon as August 19th.
RBC Capital Reaffirms Their Buy Rating on Canadian Natural (CNQ)
Desjardins Reaffirms Their Buy Rating on Canadian Natural (CNQ)
Canadian Natural Resources Ltd's Dividend Analysis
Canadian Natural Resources (TSX: CNQ)
See More Headlines
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Company Calendar

Last Earnings
8/05/2021
Ex-Dividend for 1/5 Dividend
12/07/2023
Dividend Payable
1/05/2024
Today
2/12/2024
Next Earnings (Estimated)
3/07/2024
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
+54.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$8.41 billion
Pretax Margin
20.45%

Debt

Sales & Book Value

Annual Sales
$38.10 billion
Cash Flow
$14.11 per share
Book Value
$26.62 per share

Miscellaneous

Outstanding Shares
1,073,010,000
Free Float
1,019,358,000
Market Cap
$65.26 billion
Optionable
Optionable
Beta
1.53

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Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 64)
    Executive Chairman
    Comp: $8.92M
  • Mr. Timothy Shawn McKay (Age 62)
    President & Director
    Comp: $4.99M
  • 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, January 29, 2024 at 1:32 PM.

Pros

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

  • Canadian Natural Resources Limited is a well-established company that has been operating since 1973.
  • They have a diverse portfolio, including crude oil, natural gas, and natural gas liquids, which provides investors with exposure to multiple energy sectors.
  • The company has a strong track record of acquiring, exploring, developing, producing, marketing, and selling natural resources, indicating their expertise in the industry.
  • Investing in Canadian Natural Resources Limited allows investors to participate in the global energy market, which can provide opportunities for growth and profitability.
  • Recent developments and advancements in technology have allowed Canadian Natural Resources Limited to improve their metals recovery and water treatment solutions, which can lead to increased efficiency and cost savings.

Cons

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

  • Like any investment in the energy sector, Canadian Natural Resources Limited is exposed to fluctuations in commodity prices, which can impact their profitability.
  • The company operates in a highly regulated industry, and changes in government policies or regulations can affect their operations and financial performance.
  • Environmental concerns and the transition towards renewable energy sources may pose long-term challenges for Canadian Natural Resources Limited.
  • Investing in natural resources can be volatile, and investors should be prepared for potential market fluctuations.
  • It is important for investors to closely monitor the current stock price of Canadian Natural Resources Limited to make informed investment decisions.














CNQ Stock Analysis - Frequently Asked Questions

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

6 Wall Street 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 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 research analysts have issued twelve-month price targets for Canadian Natural Resources' stock. Their CNQ share price targets range from $85.00 to $102.00. On average, they anticipate the company's share price to reach $94.00 in the next twelve months. This suggests a possible upside of 54.6% 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 start of the year. Since then, CNQ shares have decreased by 7.2% and is now trading at $60.82.
View the best growth stocks for 2024 here
.

Are investors shorting Canadian Natural Resources?

Canadian Natural Resources saw a decline in short interest during the month of January. As of January 15th, there was short interest totaling 26,680,000 shares, a decline of 23.9% from the December 31st total of 35,080,000 shares. Based on an average daily volume of 3,220,000 shares, the days-to-cover ratio is currently 8.3 days. Approximately 2.5% of the company's shares 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, March 7th 2024.
View our CNQ earnings forecast
.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (NYSE:CNQ) posted its quarterly earnings data on Thursday, August, 5th. The oil and gas producer reported $0.99 EPS for the quarter, beating the consensus estimate of $0.77 by $0.22. The oil and gas producer earned $5.31 billion during the quarter, compared to analysts' expectations of $5.26 billion. Canadian Natural Resources had a net margin of 17.32% and a trailing twelve-month return on equity of 20.89%.

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, November 2nd. Investors of record on Friday, December 8th will be given a dividend of $0.7203 per share on Friday, January 5th. This represents a $2.88 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend is Thursday, December 7th. This is an increase from the stock's previous quarterly dividend of $0.67.
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 4.85%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 61.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 53.06% 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 a variety of institutional and retail investors. Top institutional investors include Mackenzie Financial Corp (1.46%), Yacktman Asset Management LP (1.39%), Boston Partners (0.48%), National Bank of Canada FI (0.37%), Dimensional Fund Advisors LP (0.35%) and Swiss National Bank (0.33%).

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 2/12/2024 by MarketBeat.com Staff

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