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

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 5 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.
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7 Wall Street research analysts have issued 1 year price targets for Canadian Natural Resources' shares. 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 year. This suggests a possible upside of 23.0% from the stock's current price.
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Canadian Natural Resources' stock was trading at $65.52 at the start of the year. Since then, CNQ shares have increased by 16.6% and is now trading at $76.41.
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Canadian Natural Resources saw a decline in short interest in the month of April. As of April 30th, there was short interest totaling 23,630,000 shares, a decline of 24.7% from the April 15th total of 31,370,000 shares. Based on an average daily volume of 3,210,000 shares, the short-interest ratio is presently 7.4 days. Approximately 2.3% of the shares of the stock are sold short.
View Canadian Natural Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our CNQ earnings forecast.

Canadian Natural Resources Limited (NYSE:CNQ) posted its earnings results on Thursday, February, 29th. The oil and gas producer reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.13. The oil and gas producer earned $7.02 billion during the quarter, compared to analysts' expectations of $6.73 billion. Canadian Natural Resources had a trailing twelve-month return on equity of 20.58% and a net margin of 18.21%.

Canadian Natural Resources announced a quarterly dividend on Thursday, May 2nd. Stockholders of record on Monday, June 17th will be given a dividend of $0.777 per share on Friday, July 5th. This represents a $3.11 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend is Monday, June 17th. This is a positive change from the stock's previous quarterly dividend of $0.77.
Read our dividend analysis for CNQ.

Canadian Natural Resources (NYSE:CNQ) pays an annual dividend of $3.09 per share and currently has a dividend yield of 4.04%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 23 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 61.55%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 45.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNQ.

ETFs with the largest weight of Canadian Natural Resources (NYSE:CNQ) stock in their portfolio include Franklin FTSE Canada ETF (FLCA), Invesco International BuyBack Achievers ETF (IPKW), JPMorgan BetaBuilders Canada ETF (BBCA), iShares MSCI Canada ETF (EWC), WisdomTree Global ex U.S. Quality Dividend Growth Fund (DNL), SPDR S&P North American Natural Resources ETF (NANR), Invesco International Dividend Achievers ETF (PID) and iShares North American Natural Resources ETF (IGE).

Canadian Natural Resources's stock split before market open on Tuesday, June 11th 2024. The 2-1 split was announced on Tuesday, June 11th 2024. The newly minted shares will be distributed to shareholders after the market closes on Tuesday, June 11th 2024. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

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.

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).

Canadian Natural Resources' stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (4.09%), TD Asset Management Inc (2.02%), Swiss National Bank (0.30%), Principal Financial Group Inc. (0.29%), Sumitomo Mitsui Trust Holdings Inc. (0.24%) and WCM Investment Management LLC (0.21%).

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.
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