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

9 Wall Street equities 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 equities research analysts is that investors should "moderate buy" CNQ shares.
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9 analysts have issued 1-year target prices for Canadian Natural Resources' stock. Their CNQ share price forecasts range from $39.00 to $94.00. On average, they anticipate the company's share price to reach $68.33 in the next twelve months. This suggests a possible upside of 10.8% from the stock's current price.
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Canadian Natural Resources' stock was trading at $55.53 at the start of the year. Since then, CNQ shares have increased by 11.0% and is now trading at $61.65.
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Canadian Natural Resources saw a increase in short interest in August. As of August 31st, there was short interest totaling 56,710,000 shares, an increase of 201.5% from the August 15th total of 18,810,000 shares. Based on an average trading volume of 1,930,000 shares, the days-to-cover ratio is presently 29.4 days. Currently, 5.3% of the shares of the stock are short sold.
View Canadian Natural Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our CNQ earnings forecast.

Canadian Natural Resources Limited (NYSE:CNQ) released its quarterly earnings data 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%.

Canadian Natural Resources declared 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 4.38%. The ex-dividend date of this dividend is Thursday, September 14th. This is an increase from the stock's previous quarterly dividend of $0.66.
Read our dividend analysis for CNQ.

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).

Canadian Natural Resources (NYSE:CNQ) pays an annual dividend of $2.67 per share and currently has a dividend yield of 4.24%. 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 42.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNQ.

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

Canadian Natural Resources' stock is owned by a number of 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%).

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.
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One share of CNQ stock can currently be purchased for approximately $61.65.

Canadian Natural Resources (NYSE:CNQ) has a market capitalization of $67.22 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.

The company employs 10,035 workers across the globe.

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.