NYSE:CNQ Canadian Natural Resources (CNQ) Stock Forecast, Price & News $66.00 +1.55 (+2.40%) (As of 09/27/2023 ET) Add Compare Share Share Today's Range$65.16▼$66.0750-Day Range$57.88▼$66.0152-Week Range$45.27▼$66.18Volume2.24 million shsAverage Volume2.83 million shsMarket Capitalization$71.97 billionP/E Ratio12.97Dividend Yield4.05%Price Target$68.33 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Canadian Natural Resources MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside3.5% Upside$68.33 Price TargetShort InterestBearish11.70% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-7.75Upright™ Environmental ScoreNews Sentiment0.82Based on 3 Articles This WeekInsider TradingN/AProj. Earnings Growth23.69%From $5.15 to $6.37 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.17 out of 5 starsOils/Energy Sector143rd out of 244 stocksCrude Petroleum & Natural Gas Industry56th out of 80 stocks 2.3 Analyst's Opinion Consensus RatingCanadian Natural Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 6 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $68.33, Canadian Natural Resources has a forecasted upside of 3.5% from its current price of $66.01.Amount of Analyst CoverageCanadian Natural Resources has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 0.0 Short Interest Percentage of Shares Shorted11.70% 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 62, which indicates bearish sentiment.Change versus previous monthShort interest in Canadian Natural Resources has recently increased by 120.74%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipCanadian Natural Resources is a leading dividend payer. It pays a dividend yield of 4.21%, 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 52.46%. 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 41.92% 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 2.7 News and Social Media Coverage News SentimentCanadian Natural Resources has a news sentiment score of 0.82. 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 0.63 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Canadian Natural Resources this week, compared to 4 articles on an average week.Search InterestOnly 29 people have searched for CNQ on MarketBeat in the last 30 days. This is a decrease of -31% compared to the previous 30 days.MarketBeat Follows22 people have added Canadian Natural Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 120% 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 3.1 Earnings and Valuation Earnings GrowthEarnings for Canadian Natural Resources are expected to grow by 23.69% in the coming year, from $5.15 to $6.37 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Canadian Natural Resources is 12.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.19.Price to Earnings Ratio vs. SectorThe P/E ratio of Canadian Natural Resources is 12.97, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 13.14.Price to Earnings Growth RatioCanadian Natural Resources has a PEG Ratio of 11.48. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCanadian Natural Resources has a P/B Ratio of 2.48. 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 (NYSE:CNQ) StockCanadian 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CNQ Stock News HeadlinesSeptember 21, 2023 | marketwatch.comCanadian Natural Resources Ltd. stock outperforms market despite losses on the daySeptember 20, 2023 | americanbankingnews.comRoyal Bank of Canada Boosts Canadian Natural Resources (NYSE:CNQ) Price Target to $90.00September 28, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. September 19, 2023 | ca.finance.yahoo.comRising Oil Prices: Should You Buy Canadian Natural Resources Right Now?September 2, 2023 | finance.yahoo.comInstitutional investors control 78% of Canadian Natural Resources Limited (TSE:CNQ) and were rewarded last week after stock increased 6.7%August 29, 2023 | markets.businessinsider.comWhere Canadian Natural Res Stands With AnalystsAugust 25, 2023 | markets.businessinsider.comCanadian Natural (CNQ) Receives a Hold from Wells FargoAugust 6, 2023 | msn.comCanadian Natural Resources Stock Is a Tremendous Bargain TodaySeptember 28, 2023 | Edge On The Street (Ad)The Strategic Gold Play You Haven't Heard AboutExperts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure. August 4, 2023 | markets.businessinsider.comAnalysts Offer Insights on NA Companies: Pembina Pipeline (PBA), Canadian Natural (CNQ) and Bloom Energy (BE)August 4, 2023 | msn.comCanadian Natural says Trans Mountain Expansion to call for pipeline fill this fallAugust 4, 2023 | msn.comCanadian Natural Resources Is One Of The Best Oil Stocks Money Can BuyAugust 4, 2023 | finance.yahoo.comCanadian Natural Resources Limited (NYSE:CNQ) Q2 2023 Earnings Call TranscriptAugust 3, 2023 | theglobeandmail.comCanadian Natural Resources’ second-quarter profit more than halves on lower energy pricesAugust 3, 2023 | finance.yahoo.comCanadian Natural Resources Limited Announces 2023 Second Quarter ResultsAugust 3, 2023 | finance.yahoo.comUPDATE 1-Canadian Natural Q2 profit more than halves on lower energy pricesAugust 3, 2023 | ca.finance.yahoo.comCanadian Natural Q2 profit more than halves on lower energy pricesJuly 26, 2023 | seekingalpha.comMoon Capital - Canadian Natural Resources: One Of The Best Royalty Streams Available For SaleJuly 24, 2023 | finance.yahoo.comShould You Invest in Canadian Natural Resources Limited (CNQ)?July 18, 2023 | seekingalpha.comCanadian Natural Resources: My Only Dividend Growth InvestmentJune 29, 2023 | msn.comA Bearish Sign Appears On Canadian Natural Res's ChartJune 28, 2023 | seekingalpha.comCanadian Natural Resources: Looking To Add More Stock To My PortfolioJune 27, 2023 | finance.yahoo.comTrans Mountain’s Rising Shipping Costs Draw Oil Producer IreJune 16, 2023 | theglobeandmail.comClosing Bell: Canadian Natural Resources Ltd. down on Friday (CNQ)June 16, 2023 | finance.yahoo.comAre Investors Undervaluing Canadian Natural Resources Limited (TSE:CNQ) By 34%?June 14, 2023 | seekingalpha.comCNQ:CA Canadian Natural Resources LimitedJune 14, 2023 | seekingalpha.comCanadian Natural Resources: One Of The Best In The IndustrySee 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 CNQ Company Calendar Ex-Dividend for 7/5 Dividend6/15/2023Dividend Payable7/05/2023Last Earnings8/03/2023Ex-Dividend for 10/5 Dividend9/14/2023Today9/28/2023Dividend Payable10/05/2023Next Earnings (Estimated)11/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:CNQ CUSIPN/A CIK1017413 Webwww.cnrl.com Phone(403) 514-7777Fax403-517-7350Employees10,035Year Founded1989Price Target and Rating Average Stock Price Forecast$68.33 High Stock Price Forecast$94.00 Low Stock Price Forecast$39.00 Forecasted Upside/Downside+3.5%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$5.09 Trailing P/E Ratio12.97 Forward P/E Ratio12.82 P/E Growth11.48Net Income$8.41 billion Net Margins18.14% Pretax Margin21.60% Return on Equity22.86% Return on Assets11.54% Debt Debt-to-Equity Ratio0.25 Current Ratio0.70 Quick Ratio0.47 Sales & Book Value Annual Sales$38.10 billion Price / Sales1.89 Cash Flow$14.70 per share Price / Cash Flow4.49 Book Value$26.62 per share Price / Book2.48Miscellaneous Outstanding Shares1,090,350,000Free Float1,035,833,000Market Cap$71.97 billion OptionableOptionable Beta1.58 Social Links (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Norman Murray Edwards O.C. (Age 63)Exec. Chairman Comp: $8.87MMr. Timothy Shawn McKay (Age 61)Pres & Director Comp: $4.96MMr. Mark A. Stainthorpe C.F.A. (Age 45)CFO & Sr. VP of Fin. Comp: $1.64MMr. Scott G. Stauth (Age 57)Chief Operating Officer of Oil Sands Comp: $2.02MTrevor J. Cassidy (Age 49)Chief Operating Officer of Exploration & Production Comp: $1.26MVictor Clinton Darel C.A. (Age 46)CPA, VP of Fin. & Principal Accounting Officer Lance J. CassonMang. of Investor RelationsBrenda Gayle BalogVP of Legal & Gen. CounselMr. Ronald Keith Laing (Age 53)Sr. Vice-Pres of Corp. Devel. & Land Mark Anthony Overwater (Age 55)Vice-Pres of Marketing More ExecutivesKey CompetitorsEOG ResourcesNYSE:EOGENINYSE:EOccidental PetroleumNYSE:OXYPioneer Natural ResourcesNYSE:PXDPetróleo Brasileiro S.A. - PetrobrasNYSE:PBRView All CompetitorsInstitutional OwnershipFarther Finance Advisors LLCBought 1,400 shares on 9/12/2023Ownership: 0.000%Alberta Investment Management CorpBought 201,524 shares on 8/24/2023Ownership: 0.295%BOKF NABought 395 shares on 8/21/2023Ownership: 0.000%Orion Portfolio Solutions LLCSold 449 shares on 8/17/2023Ownership: 0.000%Heathbridge Capital Management Ltd.Sold 3,800 shares on 8/16/2023Ownership: 0.017%View All Institutional Transactions CNQ Stock - Frequently Asked Questions Should I buy or sell Canadian Natural Resources stock right now? 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CNQ shares. View CNQ analyst ratings or view top-rated stocks. What is Canadian Natural Resources' stock price forecast for 2023? 9 equities research analysts have issued 12 month target prices for Canadian Natural Resources' stock. Their CNQ share price forecasts range from $39.00 to $94.00. On average, they predict the company's share price to reach $68.33 in the next twelve months. This suggests a possible upside of 3.5% 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 2023? Canadian Natural Resources' stock was trading at $55.53 at the beginning of the year. Since then, CNQ shares have increased by 18.9% and is now trading at $66.0050. View the best growth stocks for 2023 here. Are investors shorting Canadian Natural Resources? Canadian Natural Resources saw a increase in short interest in September. As of September 15th, there was short interest totaling 125,180,000 shares, an increase of 120.7% from the August 31st total of 56,710,000 shares. Based on an average daily volume of 2,020,000 shares, the days-to-cover ratio is currently 62.0 days. Currently, 11.7% 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, November 2nd 2023. View our CNQ earnings forecast. How were Canadian Natural Resources' earnings last quarter? Canadian Natural Resources Limited (NYSE:CNQ) released its earnings results on Thursday, August, 3rd. The oil and gas producer reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.88 by $0.03. The oil and gas producer had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.44 billion. Canadian Natural Resources had a trailing twelve-month return on equity of 22.86% and a net margin of 18.14%. 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 Wednesday, August 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.6744 per share on Thursday, October 5th. This represents a $2.70 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from the stock's previous quarterly dividend of $0.66. 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). Is Canadian Natural Resources a good dividend stock? Canadian Natural Resources (NYSE:CNQ) pays an annual dividend of $2.67 per share and currently has a dividend yield of 4.21%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 52.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 41.92% 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). 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 many different institutional and retail investors. Top institutional investors include Capital World Investors (13.63%), Capital Research Global Investors (8.44%), Canada Pension Plan Investment Board (2.45%), Bank of Nova Scotia (2.26%), TD Asset Management Inc (1.64%) and Mackenzie Financial Corp (1.60%). 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 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 $66.01. How much money does Canadian Natural Resources make? Canadian Natural Resources (NYSE:CNQ) has a market capitalization of $71.97 billion and generates $38.10 billion in revenue each year. The oil and gas producer earns $8.41 billion in net income (profit) each year or $5.09 on an earnings per share basis. How many employees does Canadian Natural Resources have? The company employs 10,035 workers across the globe. 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 the company is www.cnrl.com. The oil and gas producer can be reached via phone at (403) 514-7777, via email at ir@cnrl.com, or via fax at 403-517-7350. This page (NYSE:CNQ) was last updated on 9/28/2023 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. 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