NYSE:CNQ Canadian Natural Resources (CNQ) Stock Price, News & Analysis → Urgent new message from Porter Stansberry (From Porter & Company) (Ad) Free CNQ Stock Alerts $73.41 +0.81 (+1.12%) (As of 03/18/2024 ET) Add Compare Share Share Today's Range$72.39▼$73.5350-Day Range$59.40▼$73.9352-Week Range$49.92▼$74.20Volume2.14 million shsAverage Volume3.13 million shsMarket Capitalization$78.66 billionP/E Ratio13.25Dividend Yield4.02%Price Target$94.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Canadian Natural Resources alerts: Email Address Canadian Natural Resources MarketRank™ Stock AnalysisAnalyst RatingHold2.33 Rating ScoreUpside/Downside28.0% Upside$94.00 Price TargetShort InterestBearish3.11% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-7.75Upright™ Environmental ScoreNews Sentiment1.43Based on 13 Articles This WeekInsider TradingN/AProj. Earnings Growth15.01%From $5.53 to $6.36 Per ShareSee Full Details Hide Full Details 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.4.61 out of 5 starsOils/Energy Sector25th out of 243 stocksCrude Petroleum & Natural Gas Industry12th out of 76 stocks 3.2 Analyst's Opinion Consensus RatingCanadian Natural Resources has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $94.00, Canadian Natural Resources has a forecasted upside of 28.0% from its current price of $73.41.Amount of Analyst CoverageCanadian Natural Resources has only been the subject of 1 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted3.11% 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 10.2, which indicates bearish sentiment.Change versus previous monthShort interest in Canadian Natural Resources has recently increased by 190.82%, 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 4.01%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCanadian Natural Resources has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Canadian Natural Resources is 53.25%. 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 46.38% 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 3.6 News and Social Media Coverage News SentimentCanadian Natural Resources has a news sentiment score of 1.43. 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 0.55 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Canadian Natural Resources this week, compared to 5 articles on an average week.Search InterestOnly 40 people have searched for CNQ on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.MarketBeat Follows13 people have added Canadian Natural Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 63% 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 15.01% in the coming year, from $5.53 to $6.36 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Canadian Natural Resources is 13.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 152.59.Price to Earnings Ratio vs. SectorThe P/E ratio of Canadian Natural Resources is 13.25, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 20.55.Price to Book Value per Share RatioCanadian Natural Resources has a P/B Ratio of 2.67. 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 Ad Crypto 101 MediaLike Tiny Crypto Retirement FundsThe crypto bull market is about to blast off. Bitcoin and Ethereum are surging. But so are tiny altcoins that could be so profitable… They're like tiny crypto retirement funds. Click here and see how to get a copy. 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.Read More CNQ Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CNQ Stock News HeadlinesMarch 18, 2024 | msn.comIs Canadian Natural Resources Stock a Good Buy Right Now?March 14, 2024 | americanbankingnews.comCanadian Natural Resources Target of Unusually Large Options Trading (NYSE:CNQ)March 19, 2024 | InvestorPlace (Ad)They said crypto was dead. It went up 100X.Bitcoin’s haters are out again. Despite the price doubling in the last six months alone… That hasn’t stopped the experts from piling on. Warren Buffett’s right-hand man Charlie Munger called crypto investors “idiots” in one of his last interviews. JPMorgan CEO Jamie Dimon, recently called Bitcoin a “pet rock” and “a hyped-up fraud.” But when it comes to cryptos, these are exactly the people you shouldn’t listen to. They’ve predicted crypto’s demise for years.March 13, 2024 | finance.yahoo.com20 Biggest Natural Gas Companies in the WorldMarch 5, 2024 | finance.yahoo.comThe Zacks Analyst Blog Highlights Broadcom, TotalEnergies, Lam Research, Dell Technologies and Canadian Natural ResourcesMarch 4, 2024 | seekingalpha.comCanadian Natural Resources: A Cash Cow That Milks DividendsMarch 2, 2024 | seekingalpha.comCanadian Natural Resources Limited (CNQ) Q4 2023 Earnings Call TranscriptMarch 2, 2024 | finance.yahoo.comCanadian Natural Resources Full Year 2023 Earnings: EPS Beats ExpectationsMarch 19, 2024 | InvestorPlace (Ad)They said crypto was dead. It went up 100X.Bitcoin’s haters are out again. Despite the price doubling in the last six months alone… That hasn’t stopped the experts from piling on. Warren Buffett’s right-hand man Charlie Munger called crypto investors “idiots” in one of his last interviews. JPMorgan CEO Jamie Dimon, recently called Bitcoin a “pet rock” and “a hyped-up fraud.” But when it comes to cryptos, these are exactly the people you shouldn’t listen to. They’ve predicted crypto’s demise for years.March 1, 2024 | finance.yahoo.comCanadian Natural Resources Limited (NYSE:CNQ) Q4 2023 Earnings Call TranscriptFebruary 29, 2024 | msn.comCanadian Natural Resources on the rise after Q4 beat, achievement of debt targetFebruary 29, 2024 | reuters.comCanadian Natural Resources beats fourth-quarter profit estimatesFebruary 29, 2024 | theglobeandmail.comCanadian Natural Resources tops fourth-quarter profit estimates on record productionFebruary 25, 2024 | ca.finance.yahoo.comCVE Mar 2024 25.500 callFebruary 20, 2024 | msn.comCanada invests CD4.99 mn to propel rare earth processing, fueling electric vehicle value chain advancement: S&P GCIFebruary 12, 2024 | benzinga.comHere's How Much You Would Have Made Owning Canadian Natural Res Stock In The Last 5 YearsFebruary 7, 2024 | finance.yahoo.comSU, CNQ: 2 Energy Stocks to Play the Trans Mountain Pipeline ExpansionFebruary 7, 2024 | seekingalpha.comCanadian Natural: Solid Performance, But Valuation Remains A HeadwindJanuary 26, 2024 | msn.com2 Cheap Energy Stocks to Buy in February 2024January 19, 2024 | markets.businessinsider.comAnalysts Have Conflicting Sentiments on These Energy Companies: Matador Resources (MTDR), TechnipFMC (FTI) and Canadian Natural (CNQ)January 9, 2024 | benzinga.comHere's How Much You Would Have Made Owning Canadian Natural Res Stock In The Last 20 YearsJanuary 4, 2024 | seekingalpha.comCanadian Natural Resources: Dividend Increases And Share Buybacks Holding Up Valuation Despite Deteriorating FundamentalsJanuary 1, 2024 | finance.yahoo.comCanadian Natural Resources Limited's (TSE:CNQ) Stock Has Been Sliding But Fundamentals Look Strong: Is The Market Wrong?December 25, 2023 | benzinga.com$1000 Invested In Canadian Natural Res 5 Years Ago Would Be Worth This Much TodayDecember 22, 2023 | markets.businessinsider.comRBC Capital Reaffirms Their Buy Rating on Canadian Natural (CNQ)December 17, 2023 | markets.businessinsider.comDesjardins Reaffirms Their Buy Rating on Canadian Natural (CNQ)December 15, 2023 | msn.comCanadian Natural (CNQ) Unveils Ambitious Growth Plan for 2024See 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 Company Calendar Last Earnings8/05/2021Ex-Dividend for 1/5 Dividend12/07/2023Dividend Payable1/05/2024Ex-Dividend for 4/5 Dividend3/14/2024Today3/18/2024Dividend Payable4/05/2024Next Earnings (Estimated)5/02/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Crude petroleum & natural gas Sub-IndustryN/A Current SymbolNYSE:CNQ CUSIPN/A CIK1017413 Webwww.cnrl.com Phone(403) 514-7777Fax403-517-7350Employees10,035Year Founded1989Price Target and Rating Average Stock Price Target$94.00 High Stock Price Target$102.00 Low Stock Price Target$85.00 Potential Upside/Downside+28.0%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage6 Analysts Profitability EPS (Most Recent Fiscal Year)$5.54 Trailing P/E Ratio13.25 Forward P/E Ratio13.27 P/E GrowthN/ANet Income$6.10 billion Net Margins20.15% Pretax Margin28.26% Return on Equity21.74% Return on Assets11.25% Debt Debt-to-Equity Ratio0.25 Current Ratio0.96 Quick Ratio0.69 Sales & Book Value Annual Sales$30.25 billion Price / Sales2.60 Cash Flow$10.28 per share Price / Cash Flow7.14 Book Value$27.50 per share Price / Book2.67Miscellaneous Outstanding Shares1,071,450,000Free Float1,017,878,000Market Cap$78.66 billion OptionableOptionable Beta1.53 Social Links The Next 7 Blockbuster Stocks for Growth InvestorsWondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.Get This Free Report Key ExecutivesMr. Norman Murray Edwards O.C. (Age 64)Executive Chairman Comp: $8.91MMr. Scott G. Stauth (Age 58)President & Director Comp: $2.03MMr. Mark A. Stainthorpe C.F.A. (Age 46)CFO & Senior VP of Finance Comp: $1.65MVictor Clinton Darel C.A. (Age 47)CPA, VP of Finance & Principal Accounting Officer Lance J. CassonManager of Investor RelationsBrenda Gayle BalogVP of Legal & General CounselMr. Ronald Keith Laing (Age 54)Senior Vice-President of Corporate Development & Land Mark Anthony Overwater (Age 56)Vice-President of Marketing Dean W. Halewich (Age 56)Senior Vice-President of Safety, Risk Management & Innovation Jay E. Froc (Age 58)Chief Operating Officer of Oil Sands More ExecutivesKey CompetitorsEOG ResourcesNYSE:EOGENINYSE:EPioneer Natural ResourcesNYSE:PXDOccidental PetroleumNYSE:OXYCenovus EnergyNYSE:CVEView All CompetitorsInstitutional OwnershipB. Riley Wealth Advisors Inc.Sold 2,723 shares on 3/15/2024Ownership: 0.004%Hennessy Advisors Inc.Sold 9,700 shares on 3/14/2024Ownership: 0.010%Sivia Capital Partners LLCBought 4,012 shares on 3/13/2024Ownership: 0.000%Vanguard Group Inc.Bought 835,633 shares on 3/11/2024Ownership: 4.023%Wahed Invest LLCBought 815 shares on 3/11/2024Ownership: 0.001%View All Institutional Transactions Should I Buy Canadian Natural Resources Stock? CNQ Pros and Cons Explained These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Canadian Natural Resources was last updated on Monday, March 18, 2024 at 12:02 AM. Pros Here are some ways that investors could benefit from investing in Canadian Natural Resources Limited: Canadian Natural Resources Limited offers a diverse range of crude oil and natural gas products, providing revenue stability through multiple revenue streams. The company has a strong presence in Western Canada, the United Kingdom portion of the North Sea, and Offshore Africa, diversifying its geographical risk. Recent developments have shown an increase in demand for crude oil and natural gas, potentially leading to higher profitability for the company. Canadian Natural Resources Limited's midstream assets, including pipeline systems and cogeneration plants, contribute to operational efficiency and cost savings. With the current stock price showing an upward trend, investors may benefit from potential capital gains in the near future. Cons Investors should be bearish about investing in Canadian Natural Resources Limited for these reasons: The volatility in crude oil and natural gas prices could impact the company's profitability and stock performance. Environmental concerns and regulations surrounding the extraction and production of oil and gas may pose risks to the company's operations and reputation. Fluctuations in global energy markets and geopolitical tensions can affect the company's revenue and growth prospects. Dependency on commodity prices exposes Canadian Natural Resources Limited to market risks beyond its control. Investors should closely monitor industry trends and economic indicators to make informed decisions due to the inherent cyclical nature of the oil and gas sector. CNQ Stock Analysis - Frequently Asked Questions Should I buy or sell Canadian Natural Resources stock right now? 6 Wall Street equities 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 equities 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 brokerages have issued 12-month price objectives for Canadian Natural Resources' shares. Their CNQ share price targets range from $85.00 to $102.00. On average, they anticipate the company's stock price to reach $94.00 in the next twelve months. This suggests a possible upside of 28.0% 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 at the beginning of 2024. Since then, CNQ stock has increased by 12.0% and is now trading at $73.41. View the best growth stocks for 2024 here. Are investors shorting Canadian Natural Resources? Canadian Natural Resources saw a increase in short interest during the month of February. As of February 29th, there was short interest totaling 32,630,000 shares, an increase of 190.8% from the February 14th total of 11,220,000 shares. Based on an average daily trading volume, of 3,210,000 shares, the short-interest ratio is currently 10.2 days. Currently, 3.1% of the shares of the company are short sold. 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) announced its quarterly earnings data on Thursday, August, 5th. The oil and gas producer reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.22. The oil and gas producer had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.26 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 announced a quarterly dividend on Friday, March 1st. Stockholders of record on Friday, March 15th will be given 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 4.22%. The ex-dividend date is Thursday, March 14th. This is a positive change 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 4.01%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. 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 46.38% next year. This indicates that the company will be able to sustain or increase its dividend. 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). 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 shareholders include Capital World Investors (13.39%), Capital Research Global Investors (7.78%), Vanguard Group Inc. (4.02%), Vanguard Group Inc. (4.02%), Royal Bank of Canada (0.00%) and FIL Ltd (2.18%). 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 3/19/2024 by MarketBeat.com Staff From Our Partners8,788% Return Predicted For THIS Crypto (already up 40% in 6 months)Paradigm PressCentral Bank Gold Heist In ProgressColonial MetalsLike Tiny Crypto Retirement FundsCrypto 101 MediaThe AI Bottleneck No One is Talking AboutThe Bull ReportMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceSHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceThe world’s greatest investmentPorter & CompanyStock-Picking AI Predicts #1 Stock of 2024Altimetry 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. Adding Canadian Natural Resources Limited Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.