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S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
S&P 500   3,845.08
DOW   31,037.68
QQQ   288.80
NYSE:CNQ

Canadian Natural Resources Stock Forecast, Price & News

$48.28
-3.05 (-5.94%)
(As of 07/6/2022 12:00 AM ET)
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Today's Range
$47.02
$51.56
50-Day Range
$48.28
$68.64
52-Week Range
$29.53
$70.60
Volume
5.08 million shs
Average Volume
3.34 million shs
Market Capitalization
$55.53 billion
P/E Ratio
7.63
Dividend Yield
4.62%
Price Target
$80.63

Canadian Natural Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
67.0% Upside
$80.63 Price Target
Short Interest
Bearish
3.40% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.75
Upright™ Environmental Score
News Sentiment
1.11mentions of Canadian Natural Resources in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.69%
From $8.40 to $8.09 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.78 out of 5 stars

Oils/Energy Sector

15th out of 398 stocks

Crude Petroleum & Natural Gas Industry

8th out of 127 stocks

30 days | 90 days | 365 days | Advanced Chart

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Canadian Natural Resources logo

About Canadian Natural Resources (NYSE:CNQ) Stock

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream and refining assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2020, the company had total proved crude oil, bitumen, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, and NGLs reserves were 13,271 MMbbl; proved SCO reserves were 6,998 MMbbl; total proved plus probable SCO reserves were 7,535 MMbbl; proved natural gas reserves were 12,168 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 20,249 Bcf. 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 News Headlines

Buy The Dip in This High-Rated Dividend Leader
Canadian Natural Resources (NYSE:CNQ) PT Raised to C$115.00
Are Oil Stocks Due For A Correction?
See More Headlines

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
9,735
Year Founded
1989

Company Calendar

Last Earnings
5/05/2022
Ex-Dividend for 7/5 Dividend
6/16/2022
Dividend Payable
7/05/2022
Today
7/07/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$80.63
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$51.00
Forecasted Upside/Downside
+67.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57142857142857
Research Coverage
14 Analysts

Profitability

Net Income
$6.12 billion
Pretax Margin
32.33%

Debt

Sales & Book Value

Annual Sales
$26.21 billion
Cash Flow
$8.44 per share
Book Value
$25.22 per share

Miscellaneous

Outstanding Shares
1,150,090,000
Free Float
1,092,589,000
Market Cap
$55.53 billion
Optionable
Optionable
Beta
1.57

Social Links















Canadian Natural Resources Frequently Asked Questions

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

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Canadian Natural Resources stock.
View analyst ratings for Canadian Natural Resources
or view top-rated stocks.

What is Canadian Natural Resources' stock price forecast for 2022?

14 analysts have issued 1-year target prices for Canadian Natural Resources' stock. Their CNQ stock forecasts range from $51.00 to $115.00. On average, they predict Canadian Natural Resources' stock price to reach $80.63 in the next twelve months. This suggests a possible upside of 67.0% from the stock's current price.
View analysts' price targets for Canadian Natural Resources
or view top-rated stocks among Wall Street analysts.

How has Canadian Natural Resources' stock performed in 2022?

Canadian Natural Resources' stock was trading at $42.25 on January 1st, 2022. Since then, CNQ stock has increased by 14.3% and is now trading at $48.28.
View the best growth stocks for 2022 here
.

Are investors shorting Canadian Natural Resources?

Canadian Natural Resources saw a increase in short interest in June. As of June 15th, there was short interest totaling 39,060,000 shares, an increase of 97.4% from the May 31st total of 19,790,000 shares. Based on an average daily trading volume, of 2,740,000 shares, the days-to-cover ratio is currently 14.3 days.
View Canadian Natural Resources' Short Interest
.

When is Canadian Natural Resources' next earnings date?

Canadian Natural Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Canadian Natural Resources
.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (NYSE:CNQ) announced its quarterly earnings data on Thursday, May, 5th. The oil and gas producer reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.32. The oil and gas producer earned $8.43 billion during the quarter, compared to analyst estimates of $7.12 billion. Canadian Natural Resources had a trailing twelve-month return on equity of 26.32% and a net margin of 24.71%.
View Canadian Natural Resources' earnings history
.

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, May 5th. Stockholders of record on Friday, June 17th will be paid a dividend of $0.583 per share on Tuesday, July 5th. This represents a $2.33 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Thursday, June 16th.
View Canadian Natural Resources' dividend history
.

Is Canadian Natural Resources a good dividend stock?

Canadian Natural Resources(NYSE:CNQ) pays an annual dividend of $2.37 per share and currently has a dividend yield of 4.62%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Canadian Natural Resources is 37.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Canadian Natural Resources will have a dividend payout ratio of 29.30% next year. This indicates that Canadian Natural Resources will be able to sustain or increase its dividend.
View Canadian Natural Resources' dividend history.

Who are Canadian Natural Resources' key executives?

Canadian Natural Resources' management team includes the following people:
  • Mr. Norman Murray Edwards O.C., Exec. Chairman (Age 62, Pay $9.47M)
  • Mr. Timothy Shawn McKay, Pres & Director (Age 60, Pay $5.42M)
  • Mr. Mark A. Stainthorpe C.F.A., CFO & Sr. VP of Fin. (Age 44, Pay $1.67M)
  • Mr. Scott G. Stauth, Chief Operating Officer of Oil Sands (Age 56, Pay $2.19M)
  • Mr. Darren M. Fichter, Chief Operating Officer of Exploration & Production (Age 51, Pay $1.79M)
  • Mr. Ronald Dae Jung Kim C.A., Principal Accounting Officer & VP of Fin.
  • Mr. Joy P. Romero, Vice-Pres of Technology & Innovation (Age 65)
  • Mr. Stephen C. Suche, Vice-Pres of Information & Corp. Services (Age 62)
  • Lance J. Casson, Mang. of Investor Relations
  • Paul M. Mendes, VP of Legal, Gen. Counsel & Corp. Sec. (Age 56)

What is Tim S. McKay's approval rating as Canadian Natural Resources' CEO?

6 employees have rated Canadian Natural Resources CEO Tim S. McKay on Glassdoor.com. Tim S. McKay has an approval rating of 96% among Canadian Natural Resources' 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).

What is Canadian Natural Resources' stock symbol?

Canadian Natural Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNQ."

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 Rempart Asset Management Inc. (0.03%).

Which major investors are selling Canadian Natural Resources stock?

CNQ stock was sold by a variety of institutional investors in the last quarter, including Rempart Asset Management Inc..

How do I buy shares of Canadian Natural Resources?

Shares of CNQ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Canadian Natural Resources' stock price today?

One share of CNQ stock can currently be purchased for approximately $48.28.

How much money does Canadian Natural Resources make?

Canadian Natural Resources (NYSE:CNQ) has a market capitalization of $55.53 billion and generates $26.21 billion in revenue each year. The oil and gas producer earns $6.12 billion in net income (profit) each year or $6.33 on an earnings per share basis.

How many employees does Canadian Natural Resources have?

Canadian Natural Resources employs 9,735 workers across the globe.

When was Canadian Natural Resources founded?

Canadian Natural Resources was founded in 1989.

How can I contact Canadian Natural Resources?

Canadian Natural Resources' mailing address is 2100 855-2 STREET SW, CALGARY A0, T2P 4J8. The official website for Canadian Natural Resources is www.cnrl.com. The oil and gas producer can be reached via phone at (403) 517-6700, via email at ir@cnrl.com, or via fax at 403-517-7350.

This page (NYSE:CNQ) was last updated on 7/7/2022 by MarketBeat.com Staff

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