NYSE:CNQ - Canadian Natural Resources Stock Price, News, & Analysis

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$28.40 +0.60 (+2.16 %)
(As of 03/20/2019 04:00 PM ET)
Previous Close$27.80
Today's Range$27.59 - $28.5750
52-Week Range$21.85 - $38.20
Volume3.50 million shs
Average Volume3.38 million shs
Market Capitalization$34.15 billion
P/E Ratio13.21
Dividend Yield3.63%
Beta1.18
Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2017, the company's gross proved crude oil, bitumen, SCO, and NGLs reserves totaled 7,742 million barrels; gross proved plus probable crude oil, bitumen, SCO, and NGLs reserves totaled 10,263 million barrels; proved natural gas reserves totaled 6,771 billion cubic feet; and gross proved plus probable natural gas reserves totaled 9,619 billion cubic feet. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Côte d'Ivoire, Gabon, and South Africa in 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 founded in 1973 and is headquartered in Calgary, Canada.

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Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone403-517-6700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$17.19 billion
Cash Flow$5.5796 per share
Book Value$20.52 per share

Profitability

Net Income$2.00 billion

Miscellaneous

Employees9,973
Outstanding Shares1,202,555,000
Market Cap$34.15 billion
Next Earnings Date5/2/2019 (Estimated)
OptionableOptionable

Canadian Natural Resources (NYSE:CNQ) Frequently Asked Questions

What is Canadian Natural Resources' stock symbol?

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

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 8th. Investors of record on Friday, March 22nd will be paid a dividend of $0.2821 per share on Monday, April 1st. This represents a $1.13 dividend on an annualized basis and a yield of 3.97%. The ex-dividend date is Thursday, March 21st. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.26. View Canadian Natural Resources' Dividend History.

How will Canadian Natural Resources' stock buyback program work?

Canadian Natural Resources announced that its board has initiated a stock repurchase program on Thursday, March 15th 2018, which authorizes the company to buyback 61,300,000 shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Ltd (NYSE:CNQ) released its quarterly earnings data on Thursday, November, 1st. The oil and gas producer reported $1.11 EPS for the quarter, beating the consensus estimate of $0.66 by $0.45. The oil and gas producer earned $4.51 billion during the quarter, compared to analyst estimates of $4.71 billion. Canadian Natural Resources had a return on equity of 9.62% and a net margin of 11.69%. During the same period last year, the firm earned $0.19 EPS. View Canadian Natural Resources' Earnings History.

When is Canadian Natural Resources' next earnings date?

Canadian Natural Resources is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for Canadian Natural Resources.

What price target have analysts set for CNQ?

14 equities research analysts have issued twelve-month price objectives for Canadian Natural Resources' stock. Their predictions range from $29.00 to $50.00. On average, they anticipate Canadian Natural Resources' share price to reach $44.5714 in the next twelve months. This suggests a possible upside of 56.9% from the stock's current price. View Analyst Price Targets for Canadian Natural Resources.

What is the consensus analysts' recommendation for Canadian Natural Resources?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 2 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Canadian Natural Resources.

Has Canadian Natural Resources been receiving favorable news coverage?

News headlines about CNQ stock have been trending positive recently, according to InfoTrie. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Canadian Natural Resources earned a news impact score of 2.3 on InfoTrie's scale. They also assigned headlines about the oil and gas producer a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the stock's share price in the near term.

Are investors shorting Canadian Natural Resources?

Canadian Natural Resources saw a decline in short interest in February. As of February 15th, there was short interest totalling 3,232,841 shares, a decline of 45.8% from the January 31st total of 5,968,675 shares. Based on an average daily volume of 2,839,282 shares, the short-interest ratio is currently 1.1 days. View Canadian Natural Resources' Current Options Chain.

Who are some of Canadian Natural Resources' key competitors?

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 CA (CA), Micron Technology (MU), Bank of America (BAC), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Intel (INTC), Transocean (RIG), AT&T (T) and Energy Transfer LP Unit (ET).

Who are Canadian Natural Resources' key executives?

Canadian Natural Resources' management team includes the folowing people:
  • Mr. Norman Murray Edwards O.C., Exec. Chairman (Age 59)
  • Mr. Steve W. Laut, Exec. Vice Chairman (Age 61)
  • Mr. Timothy Shawn McKay, Pres & Director (Age 57)
  • Mr. Corey B. Bieber C.A., CA, CFO & Sr. VP of Fin. (Age 55)
  • Mr. Scott G. Stauth, Chief Operating Officer of Oil Sands (Age 53)

Who are Canadian Natural Resources' major shareholders?

Canadian Natural Resources' stock is owned by a number of of institutional and retail investors. Top institutional investors include TD Asset Management Inc. (2.13%), Canada Pension Plan Investment Board (2.02%), Beutel Goodman & Co Ltd. (1.92%), Mackenzie Financial Corp (1.74%), 1832 Asset Management L.P. (1.73%) and Jarislowsky Fraser Ltd (1.58%).

Which institutional investors are selling Canadian Natural Resources stock?

CNQ stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, OMERS ADMINISTRATION Corp, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, Toronto Dominion Bank, Great West Life Assurance Co. Can, Connor Clark & Lunn Investment Management Ltd., TD Asset Management Inc. and Polar Capital LLP.

Which institutional investors are buying Canadian Natural Resources stock?

CNQ stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, Beutel Goodman & Co Ltd., Boston Partners, ARGA Investment Management LP, Two Sigma Investments LP, Lincluden Management Ltd., Dimensional Fund Advisors LP and Pactiv General Employee Benefit Trust.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Canadian Natural Resources' stock price today?

One share of CNQ stock can currently be purchased for approximately $28.40.

How big of a company is Canadian Natural Resources?

Canadian Natural Resources has a market capitalization of $34.15 billion and generates $17.19 billion in revenue each year. The oil and gas producer earns $2.00 billion in net income (profit) each year or $2.15 on an earnings per share basis. Canadian Natural Resources employs 9,973 workers across the globe.

What is Canadian Natural Resources' official website?

The official website for Canadian Natural Resources is http://www.cnrl.com.

How can I contact Canadian Natural Resources?

Canadian Natural Resources' mailing address is 2100 855-2 STREET SW, CALGARY A0, T2P 4J8. The oil and gas producer can be reached via phone at 403-517-6700 or via email at [email protected]


MarketBeat Community Rating for Canadian Natural Resources (NYSE CNQ)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  469 (Vote Outperform)
Underperform Votes:  348 (Vote Underperform)
Total Votes:  817
MarketBeat's community ratings are surveys of what our community members think about Canadian Natural Resources and other stocks. Vote "Outperform" if you believe CNQ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CNQ will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/20/2019 by MarketBeat.com Staff

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