NYSE:CNQ Canadian Natural Resources (CNQ) Stock Forecast, Price & News $56.18 -0.04 (-0.07%) (As of 06/8/2023 ET) Add Compare Share Share Today's Range$54.87▼$56.7150-Day Range$53.88▼$62.0152-Week Range$44.45▼$67.86Volume1.63 million shsAverage Volume2.12 million shsMarket Capitalization$61.60 billionP/E Ratio8.70Dividend Yield4.70%Price Target$94.14 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Canadian Natural Resources MarketRank™ ForecastAnalyst RatingModerate Buy2.63 Rating ScoreUpside/Downside67.6% Upside$94.14 Price TargetShort InterestBearish1.66% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-7.75Upright™ Environmental ScoreNews Sentiment1.37Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth13.13%From $5.18 to $5.86 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.2.77 out of 5 starsOils/Energy Sector48th out of 248 stocksCrude Petroleum & Natural Gas Industry25th out of 77 stocks 3.4 Analyst's Opinion Consensus RatingCanadian Natural Resources has received a consensus rating of Buy. The company's average rating score is 2.71, and is based on 5 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $94.14, Canadian Natural Resources has a forecasted upside of 67.6% from its current price of $56.18.Amount of Analyst CoverageCanadian Natural Resources has received no research coverage in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted1.66% 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 8.3.Change versus previous monthShort interest in Canadian Natural Resources has recently increased by 2.40%, indicating that investor sentiment is decreasing. Previous Next 3.3 Dividend Strength Dividend LeadershipCanadian Natural Resources is a leading dividend payer. It pays a dividend yield of 4.72%, 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 40.87%. 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 45.05% 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 2.4 News and Social Media Coverage News SentimentCanadian Natural Resources has a news sentiment score of 1.37. 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 0.60 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 4 news articles for Canadian Natural Resources this week, compared to 4 articles on an average week.Search InterestOnly 20 people have searched for CNQ on MarketBeat in the last 30 days. This is a decrease of -72% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added Canadian Natural Resources to their MarketBeat watchlist in the last 30 days. This is a decrease 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 Institutions70.92% 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 3.8 Earnings and Valuation Earnings GrowthEarnings for Canadian Natural Resources are expected to grow by 13.13% in the coming year, from $5.18 to $5.86 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Canadian Natural Resources is 8.70, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.90.Price to Earnings Ratio vs. SectorThe P/E ratio of Canadian Natural Resources is 8.70, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 53.20.Price to Earnings Growth RatioCanadian Natural Resources has a PEG Ratio of 0.88. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioCanadian Natural Resources has a P/B Ratio of 2.11. 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 Ltd. is an oil and natural gas production company, which engages in the exploration, development, marketing, and production of crude oil and natural gas. It operates through the following segments: Oil Sands Mining & Upgrading, Midstream & Refining, and Exploration & Production. The Oil Sands Mining & Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations. The Midstream & Refining segment focuses on maintaining pipeline operations and investment. The Exploration & Production segment consists of operations in North America, largely in Western Canada, the United Kingdom portion of the North Sea, and Côte d'Ivoire and South Africa in Africa. The company was founded on November 7, 1973 and is headquartered in Calgary, Canada.Read More 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 Stock News HeadlinesJune 1, 2023 | americanbankingnews.comCanadian Natural Resources Limited (NYSE:CNQ) Receives Average Rating of "Moderate Buy" from AnalystsMay 20, 2023 | americanbankingnews.comCanadian Natural Resources (NYSE:CNQ) Coverage Initiated at StockNews.comJune 8, 2023 | UNKNOWN (Ad)Lithium Has Boomed And This American Stock Is Ready..Lithium Has Been On A Crazy Rally Over The Last 3 Year's And This Stock Could Be Next!May 17, 2023 | msn.comCanadian Natural (CNQ) Q1 Earnings Beat, Revenues Fall Y/YMay 15, 2023 | finance.yahoo.comThose who invested in Canadian Natural Resources (TSE:CNQ) three years ago are up 270%May 7, 2023 | americanbankingnews.comCanadian Natural Resources Limited (NYSE:CNQ) Receives Consensus Recommendation of "Moderate Buy" from BrokeragesMay 5, 2023 | markets.businessinsider.comAnalysts’ Opinions Are Mixed on These Utilities Stocks: Canadian Natural (CNQ), Enerplus (ERF) and Fortis (FTS)May 5, 2023 | msn.comUnusual Call Option Trade in Canadian Natural Resources (CNQ) Worth $233.95KJune 8, 2023 | UNKNOWN (Ad)Lithium Has Boomed And This American Stock Is Ready..Lithium Has Been On A Crazy Rally Over The Last 3 Year's And This Stock Could Be Next!May 5, 2023 | finance.yahoo.comCanadian Natural Resources Limited (NYSE:CNQ) Q1 2023 Earnings Call TranscriptMay 4, 2023 | msn.comCanadian Natural Resources slumps after Q1 earnings missMay 4, 2023 | marketwatch.comCanadian Natural Resources Ltd. stock falls Thursday, underperforms marketMay 4, 2023 | finance.yahoo.comCanadian Natural Resources (CNQ) Beats Q1 Earnings and Revenue EstimatesMay 4, 2023 | theglobeandmail.comStocks in play: Canadian Natural Resources LimitedMay 4, 2023 | msn.comRecap: Canadian Natural Res Q1 EarningsMay 4, 2023 | markets.businessinsider.comCanadian Natural Resources Limited Announces 2023 First Quarter ResultsMay 4, 2023 | ca.finance.yahoo.comCanadian Natural misses first-quarter profit estimatesMay 4, 2023 | finance.yahoo.comUPDATE 1-Canadian Natural misses first-quarter profit estimatesMay 3, 2023 | finance.yahoo.comGeopark (GPRK) Q1 Earnings and Revenues Lag EstimatesApril 28, 2023 | americanbankingnews.comCanadian Natural Resources Limited Expected to Post FY2023 Earnings of $5.32 Per Share (NYSE:CNQ)April 27, 2023 | americanbankingnews.comCanadian Natural Resources Limited (NYSE:CNQ) to Post Q1 2023 Earnings of $1.19 Per Share, Stifel Firstegy ForecastsApril 25, 2023 | seekingalpha.comCanadian Natural Resources: 10% Total Yield Makes It A Top Energy PickApril 25, 2023 | americanbankingnews.comFY2024 EPS Estimates for Canadian Natural Resources Limited (NYSE:CNQ) Increased by AnalystApril 19, 2023 | theglobeandmail.comClosing Bell: Canadian Natural Resources Ltd. down on Tuesday (CNQ)April 18, 2023 | americanbankingnews.comCanadian Natural Resources Limited (NYSE:CNQ) to Post FY2024 Earnings of $6.15 Per Share, Jefferies Financial Group ForecastsApril 18, 2023 | americanbankingnews.comQ1 2023 EPS Estimates for Canadian Natural Resources Limited (NYSE:CNQ) Lowered by AnalystApril 17, 2023 | theglobeandmail.comClosing Bell: Canadian Natural Resources Ltd. down on Monday (CNQ)See More Headlines CNQ Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CNQ Company Calendar Ex-Dividend for 4/5 Dividend3/16/2023Dividend Payable4/05/2023Last Earnings5/04/2023Today6/08/2023Ex-Dividend for 7/5 Dividend6/15/2023Dividend Payable7/05/2023Next Earnings (Estimated)8/03/2023Fiscal 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$94.14 High Stock Price Forecast$115.00 Low Stock Price Forecast$69.00 Forecasted Upside/Downside+68.9%Consensus RatingModerate Buy Rating Score (0-4)2.63 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$6.46 Trailing P/E Ratio8.63 Forward P/E Ratio10.76 P/E Growth0.88Net Income$8.41 billion Net Margins20.63% Pretax Margin25.29% Return on Equity29.39% Return on Assets14.76% Debt Debt-to-Equity Ratio0.29 Current Ratio0.83 Quick Ratio0.57 Sales & Book Value Annual Sales$38.10 billion Price / Sales1.60 Cash Flow$14.08 per share Price / Cash Flow3.96 Book Value$26.62 per share Price / Book2.09Miscellaneous Outstanding Shares1,096,470,000Free Float1,041,643,000Market Cap$61.12 billion OptionableOptionable Beta1.58 Social Links Key ExecutivesTim Shawn McKayPresident, Chief Operating Officer & DirectorTrevor CassidyChief operating officer & ExplorationMark A. StainthorpeChief Financial Officer & Senior VP-FinanceStephen C. SucheVice President-Information & Corporate ServicesSheldon SchroederVice PresidentKey CompetitorsEOG ResourcesNYSE:EOGOccidental PetroleumNYSE:OXYENINYSE:EPioneer Natural ResourcesNYSE:PXDPetróleo Brasileiro S.A. - PetrobrasNYSE:PBRView All CompetitorsInstitutional OwnershipEP Wealth Advisors LLCBought 22,570 shares on 6/5/2023Ownership: 0.002%Macquarie Group Ltd.Bought 8,953 shares on 6/1/2023Ownership: 0.082%Ontario Teachers Pension Plan BoardSold 5,618 shares on 6/1/2023Ownership: 0.006%Brandywine Global Investment Management LLCBought 1,750 shares on 5/25/2023Ownership: 0.065%Toroso Investments LLCBought 10,940 shares on 5/23/2023Ownership: 0.001%View All Institutional Transactions CNQ Stock - Frequently Asked Questions Should I buy or sell Canadian Natural Resources stock right now? 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CNQ shares. View CNQ analyst ratings or view top-rated stocks. What is Canadian Natural Resources' stock price forecast for 2023? 7 brokerages have issued 1 year price objectives for Canadian Natural Resources' stock. Their CNQ share price forecasts range from $69.00 to $115.00. On average, they expect the company's stock price to reach $94.14 in the next year. This suggests a possible upside of 68.9% 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 on January 1st, 2023. Since then, CNQ stock has increased by 0.4% and is now trading at $55.74. View the best growth stocks for 2023 here. When is Canadian Natural Resources' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023. 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, May, 4th. The oil and gas producer reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.05. The oil and gas producer earned $6.38 billion during the quarter, compared to analysts' expectations of $6.26 billion. Canadian Natural Resources had a trailing twelve-month return on equity of 29.39% and a net margin of 20.63%. 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 Thursday, May 4th. Investors of record on Friday, June 16th will be given a dividend of $0.664 per share on Wednesday, July 5th. This represents a $2.66 annualized dividend and a dividend yield of 4.76%. The ex-dividend date is Thursday, June 15th. 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), iShares International Dividend Growth ETF (IGRO), Capital Group Dividend Value ETF (CGDV), iShares MSCI Intl Momentum Factor ETF (IMTM), iShares International Equity Factor ETF (INTF), iShares Core MSCI International Developed Markets ETF (IDEV), iShares Core MSCI Total International Stock ETF (IXUS) and Is Canadian Natural Resources a good dividend stock? Canadian Natural Resources (NYSE:CNQ) pays an annual dividend of $2.64 per share and currently has a dividend yield of 4.72%. 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 40.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 45.05% 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 retail and institutional investors. Top institutional investors include FMR LLC (4.89%), FIL Ltd (2.20%), National Bank of Canada FI (1.57%), Mackenzie Financial Corp (1.54%), Yacktman Asset Management LP (1.39%) and 1832 Asset Management L.P. (1.38%). 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 $55.74. How much money does Canadian Natural Resources make? Canadian Natural Resources (NYSE:CNQ) has a market capitalization of $61.12 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 $6.46 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 6/8/2023 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. 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. 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