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3 High-Yield Stocks In Rebound Mode: How High Can They Go?
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How major US stock indexes fared Thursday, 4/11/2024
Blackstone’s $10 Billion Bet on Property Prices Going Up
S&P 500   5,199.06
DOW   38,459.08
QQQ   445.37
Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
3 High-Yield Stocks In Rebound Mode: How High Can They Go?
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
NVIDIA Enters Correction: Worry or Opportunity?
How major US stock indexes fared Thursday, 4/11/2024
Blackstone’s $10 Billion Bet on Property Prices Going Up
S&P 500   5,199.06
DOW   38,459.08
QQQ   445.37
Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
3 High-Yield Stocks In Rebound Mode: How High Can They Go?
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
NVIDIA Enters Correction: Worry or Opportunity?
How major US stock indexes fared Thursday, 4/11/2024
Blackstone’s $10 Billion Bet on Property Prices Going Up
S&P 500   5,199.06
DOW   38,459.08
QQQ   445.37
Fastenal, CarMax fall; Alpine Immune Sciences, Arvinas rise, Thursday, 4/11/2024
Stock market today: Global markets mixed after Wall St rebound led by Big Tech
3 High-Yield Stocks In Rebound Mode: How High Can They Go?
Dividend Aristocrat Fastenal Goes on Sale: Buy It While It’s Down
NVIDIA Enters Correction: Worry or Opportunity?
How major US stock indexes fared Thursday, 4/11/2024
Blackstone’s $10 Billion Bet on Property Prices Going Up
NYSE:CNQ

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

$81.62
-0.70 (-0.85%)
(As of 04/11/2024 ET)
Today's Range
$79.80
$82.58
50-Day Range
$59.40
$82.34
52-Week Range
$52.66
$82.58
Volume
12.35 million shs
Average Volume
3.21 million shs
Market Capitalization
$87.51 billion
P/E Ratio
14.73
Dividend Yield
3.61%
Price Target
$94.00

Canadian Natural Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
15.2% Upside
$94.00 Price Target
Short Interest
Healthy
4.50% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.75
Upright™ Environmental Score
News Sentiment
0.73mentions of Canadian Natural Resources in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
15.71%
From $5.60 to $6.48 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.

4.44 out of 5 stars

Oils/Energy Sector

76th out of 720 stocks

Crude Petroleum & Natural Gas Industry

28th out of 225 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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Company Calendar

Last Earnings
2/29/2024
Ex-Dividend for 4/5 Dividend
3/14/2024
Dividend Payable
4/05/2024
Today
4/11/2024
Next Earnings (Estimated)
5/02/2024
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
+15.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$6.10 billion
Pretax Margin
28.26%

Debt

Sales & Book Value

Annual Sales
$30.25 billion
Cash Flow
$10.42 per share
Book Value
$27.50 per share

Miscellaneous

Outstanding Shares
1,072,140,000
Free Float
1,018,531,000
Market Cap
$87.51 billion
Optionable
Optionable
Beta
1.54

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Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 64)
    Executive Chairman
    Comp: $8.55M
  • Mr. Scott G. Stauth (Age 58)
    President & Director
    Comp: $2.8M
  • Mr. Mark A. Stainthorpe C.F.A. (Age 46)
    CFO & Senior VP of Finance
    Comp: $1.89M
  • Robin Sean Zabek (Age 52)
    Chief Operating Officer of E&P
    Comp: $951.12k
  • 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 55)
    Vice-President of Marketing
  • Dean W. Halewich (Age 56)
    Senior Vice-President of Safety, Risk Management & Innovation

Should I Buy Canadian Natural Resources Stock? CNQ Pros and Cons Explained

Pros

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

  • Canadian Natural Resources Limited has a diversified portfolio of assets including crude oil, natural gas, and natural gas liquids, providing stability and potential for growth.
  • The company operates in Western Canada, the United Kingdom portion of the North Sea, and Offshore Africa, offering geographic diversification and exposure to different markets.
  • Recent developments show an increase in demand for crude oil and natural gas, potentially leading to higher revenues for the company.
  • Canadian Natural Resources Limited's stock price has shown resilience in the face of market fluctuations, indicating investor confidence in the company's performance.
  • The company's focus on exploration and development activities positions it well to capitalize on new opportunities in the energy sector.

Cons

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

  • The volatility of crude oil and natural gas prices can impact the company's profitability and financial performance.
  • Regulatory changes in the energy sector, such as environmental policies and government regulations, could affect Canadian Natural Resources Limited's operations and costs.
  • Fluctuations in global energy demand and supply dynamics may pose challenges to the company's revenue streams and growth prospects.
  • Investing in the energy sector carries inherent risks related to geopolitical events, market uncertainties, and commodity price fluctuations.
  • Canadian Natural Resources Limited's heavy reliance on oil and gas assets exposes it to risks associated with shifts in energy consumption patterns and technological advancements.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 6, 2024. Please send any questions or comments about these Canadian Natural Resources pros and cons to contact@marketbeat.com.

CNQ Stock Analysis - Frequently Asked Questions

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

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
View CNQ analyst ratings
or view top-rated stocks.

What is Canadian Natural Resources' stock price target for 2024?

6 Wall Street analysts have issued twelve-month price objectives for Canadian Natural Resources' stock. Their CNQ share price targets range from $85.00 to $102.00. On average, they expect the company's stock price to reach $94.00 in the next year. This suggests a possible upside of 15.2% 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 on January 1st, 2024. Since then, CNQ shares have increased by 24.6% and is now trading at $81.62.
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 March. As of March 31st, there was short interest totaling 47,200,000 shares, a decline of 56.1% from the March 15th total of 107,420,000 shares. Based on an average trading volume of 3,070,000 shares, the days-to-cover ratio is currently 15.4 days. Currently, 4.5% of the shares of the stock are sold short.
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, May 2nd 2024.
View our CNQ earnings forecast
.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (NYSE:CNQ) released its quarterly 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 had revenue of $7.02 billion for the quarter, compared to analysts' expectations of $6.73 billion. Canadian Natural Resources had a trailing twelve-month return on equity of 21.74% and a net margin of 20.15%.

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 1st. Stockholders of record on Friday, March 15th will be paid a dividend of $0.774 per share on Friday, April 5th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date is Thursday, March 14th. This is an increase from the stock's previous quarterly dividend of $0.72.
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 3.65%. The dividend payout ratio is 53.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 45.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNQ.

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 Guinness Asset Management LTD (0.02%), Nexus Investment Management ULC (0.00%), Park Avenue Securities LLC (0.00%), Gulf International Bank UK Ltd (0.00%), Sanders Morris Harris LLC (0.00%) and First Hawaiian Bank (0.00%).

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 4/12/2024 by MarketBeat.com Staff

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