Positive News SentimentPositive NewsNYSE:CNQ Canadian Natural Resources (CNQ) Stock Price, News & Analysis $60.82 +0.24 (+0.40%) (As of 02/9/2024 08:56 PM ET) Add Compare Share Share Today's Range$60.35▼$61.0050-Day Range$59.95▼$67.5652-Week Range$48.81▼$68.74Volume2.21 million shsAverage Volume3.17 million shsMarket Capitalization$65.26 billionP/E Ratio12.75Dividend Yield4.85%Price Target$94.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Canadian Natural Resources alerts: Email Address Canadian Natural Resources MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside54.6% Upside$94.00 Price TargetShort InterestHealthy2.52% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-7.75Upright™ Environmental ScoreNews Sentiment1.47Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth2.77%From $5.41 to $5.56 Per ShareSee Full Details Hide Full Details 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 starsOils/Energy Sector29th out of 231 stocksCrude Petroleum & Natural Gas Industry14th out of 74 stocks 3.2 Analyst's Opinion Consensus RatingCanadian Natural Resources has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $94.00, Canadian Natural Resources has a forecasted upside of 54.6% from its current price of $60.82.Amount of Analyst CoverageCanadian Natural Resources has only been the subject of 1 research reports in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted2.52% of the float of Canadian Natural Resources has been sold short.Short Interest Ratio / Days to CoverCanadian Natural Resources has a short interest ratio ("days to cover") of 8.3.Change versus previous monthShort interest in Canadian Natural Resources has recently decreased by 23.95%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipCanadian Natural Resources is a leading dividend payer. It pays a dividend yield of 4.85%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCanadian Natural Resources does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Canadian Natural Resources is 61.84%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Canadian Natural Resources will have a dividend payout ratio of 53.06% next year. This indicates that Canadian Natural Resources will be able to sustain or increase its dividend. Previous Next 0.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCanadian Natural Resources has received a -63.75% net impact score from Upright. The largest negative impact of Canadian Natural Resources in category "GHG emissions" seems to be driven mostly by its "Oil sand", "Bitumen", "Conventional crude oil", and "Conventional natural gas" products. See details.Environmental SustainabilityThe Environmental Impact score for Canadian Natural Resources is -7.75. Previous Next 4.2 News and Social Media Coverage News SentimentCanadian Natural Resources has a news sentiment score of 1.47. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 6 news articles for Canadian Natural Resources this week, compared to 5 articles on an average week.Search Interest60 people have searched for CNQ on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.MarketBeat Follows9 people have added Canadian Natural Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 29% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Canadian Natural Resources insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.00% of the stock of Canadian Natural Resources is held by insiders.Percentage Held by Institutions73.88% of the stock of Canadian Natural Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Canadian Natural Resources are expected to grow by 2.77% in the coming year, from $5.41 to $5.56 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Canadian Natural Resources is 12.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.07.Price to Earnings Ratio vs. SectorThe P/E ratio of Canadian Natural Resources is 12.75, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 14.42.Price to Book Value per Share RatioCanadian Natural Resources has a P/B Ratio of 2.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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.Read More CNQ Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CNQ Stock News HeadlinesFebruary 7, 2024 | finance.yahoo.comSU, CNQ: 2 Energy Stocks to Play the Trans Mountain Pipeline ExpansionFebruary 7, 2024 | seekingalpha.comCanadian Natural: Solid Performance, But Valuation Remains A HeadwindFebruary 12, 2024 | Edge On The Street (Ad)An Unusual Way to Invest in GoldMost financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines. February 4, 2024 | americanbankingnews.comCanadian Natural Resources Limited (NYSE:CNQ) Receives $94.00 Consensus Target Price from BrokeragesJanuary 26, 2024 | msn.com2 Cheap Energy Stocks to Buy in February 2024January 19, 2024 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Energy Companies: Matador Resources (MTDR), TechnipFMC (FTI) and Canadian Natural (CNQ)January 9, 2024 | benzinga.comHere's How Much You Would Have Made Owning Canadian Natural Res Stock In The Last 20 YearsJanuary 4, 2024 | seekingalpha.comCanadian Natural Resources: Dividend Increases And Share Buybacks Holding Up Valuation Despite Deteriorating FundamentalsFebruary 12, 2024 | The Freeport Society (Ad)Obama’s 2024 ConfessionBarack 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.January 1, 2024 | finance.yahoo.comCanadian Natural Resources Limited's (TSE:CNQ) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?December 25, 2023 | benzinga.com$1000 Invested In Canadian Natural Res 5 Years Ago Would Be Worth This Much TodayDecember 22, 2023 | markets.businessinsider.comRBC Capital Reaffirms Their Buy Rating on Canadian Natural (CNQ)December 17, 2023 | markets.businessinsider.comDesjardins Reaffirms Their Buy Rating on Canadian Natural (CNQ)December 15, 2023 | msn.comCanadian Natural (CNQ) Unveils Ambitious Growth Plan for 2024December 6, 2023 | finance.yahoo.comCanadian Natural Resources Ltd's Dividend AnalysisDecember 1, 2023 | fool.comCanadian Natural Resources (TSX: CNQ)November 16, 2023 | benzinga.com$1000 Invested In Canadian Natural Res 20 Years Ago Would Be Worth This Much TodayNovember 7, 2023 | finance.yahoo.comIndustry Analysts Just Upgraded Their Canadian Natural Resources Limited (TSE:CNQ) Revenue Forecasts By 11%November 3, 2023 | finance.yahoo.comCanadian Natural Resources Limited (NYSE:CNQ) Q3 2023 Earnings Call TranscriptNovember 2, 2023 | msn.comCanadian Natural Resources rises after Q3 earnings report, dividend hikeNovember 2, 2023 | finance.yahoo.comCompared to Estimates, Canadian Natural Resources (CNQ) Q3 Earnings: A Look at Key MetricsNovember 2, 2023 | finance.yahoo.comTrudeau’s Delayed Pipeline Is Weighing on Canada Crude PricesNovember 2, 2023 | marketwatch.comCanadian Natural Resources Shares Higher After Dividend LiftedNovember 2, 2023 | theglobeandmail.comCanadian Natural president Tim McKay to retire, company raises dividendNovember 2, 2023 | msn.comCanadian Natural posts smaller Q3 profit due t lower oil pricesNovember 2, 2023 | finance.yahoo.comCanadian Natural Resources Limited Announces 2023 Third Quarter ResultsNovember 1, 2023 | msn.comCanadian Natural Resources (CNQ) Price Target Increased by 6.59% to 72.25See More Headlines Receive CNQ Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Canadian Natural Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/05/2021Ex-Dividend for 1/5 Dividend12/07/2023Dividend Payable1/05/2024Today2/12/2024Next Earnings (Estimated)3/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Crude petroleum & natural gas Sub-IndustryN/A Current SymbolNYSE:CNQ CUSIPN/A CIK1017413 Webwww.cnrl.com Phone(403) 514-7777Fax403-517-7350Employees10,035Year Founded1989Price 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 RatingHold Rating Score (0-4)2.33 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$4.77 Trailing P/E Ratio12.75 Forward P/E Ratio11.24 P/E GrowthN/ANet Income$8.41 billion Net Margins17.32% Pretax Margin20.45% Return on Equity20.89% Return on Assets10.69% Debt Debt-to-Equity Ratio0.25 Current Ratio0.91 Quick Ratio0.65 Sales & Book Value Annual Sales$38.10 billion Price / Sales1.71 Cash Flow$14.11 per share Price / Cash Flow4.31 Book Value$26.62 per share Price / Book2.28Miscellaneous Outstanding Shares1,073,010,000Free Float1,019,358,000Market Cap$65.26 billion OptionableOptionable Beta1.53 Social Links Ten Starter Stocks For Beginners to Buy NowJust getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.Get This Free Report Key ExecutivesMr. Norman Murray Edwards O.C. (Age 64)Executive Chairman Comp: $8.92MMr. Timothy Shawn McKay (Age 62)President & Director Comp: $4.99MMr. Mark A. Stainthorpe C.F.A. (Age 46)CFO & Senior VP of Finance Comp: $1.65MVictor Clinton Darel C.A. (Age 47)CPA, VP of Finance & Principal Accounting Officer Lance J. CassonManager of Investor RelationsBrenda Gayle BalogVP of Legal & General CounselMr. 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 More ExecutivesKey CompetitorsEOG ResourcesNYSE:EOGENINYSE:EPioneer Natural ResourcesNYSE:PXDOccidental PetroleumNYSE:OXYCenovus EnergyNYSE:CVEView All CompetitorsInstitutional OwnershipEagle Global Advisors LLCBought 1,000 shares on 2/9/2024Ownership: 0.006%Cambridge Investment Research Advisors Inc.Sold 734 shares on 2/9/2024Ownership: 0.001%Cravens & Co Advisors LLCSold 219 shares on 2/9/2024Ownership: 0.001%Orion Portfolio Solutions LLCSold 381 shares on 2/9/2024Ownership: 0.000%EverSource Wealth Advisors LLCBought 256 shares on 2/9/2024Ownership: 0.000%View All Institutional Transactions 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Canadian Natural Resources Limited Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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