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

$66.25
+0.89 (+1.36%)
(As of 02:03 PM ET)
Compare
Today's Range
$65.26
$66.34
50-Day Range
$60.17
$68.02
52-Week Range
$48.81
$68.30
Volume
1.57 million shs
Average Volume
2.31 million shs
Market Capitalization
$71.78 billion
P/E Ratio
13.89
Dividend Yield
4.03%
Price Target
$71.00

Canadian Natural Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
8.3% Upside
$71.00 Price Target
Short Interest
Bearish
3.17% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.75
Upright™ Environmental Score
News Sentiment
1.23mentions of Canadian Natural Resources in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
21.75%
From $5.70 to $6.94 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.97 out of 5 stars

Oils/Energy Sector

161st out of 233 stocks

Crude Petroleum & Natural Gas Industry

56th out of 71 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

The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
The Only Practical Solution to the World’s Looming Energy Crisis
There’s just one problem: There are more plans for new uses of nuclear than there is uranium to fuel the plants!
Bullish on Canadian Natural Resources Ltd.
Where Canadian Natural Res Stands With Analysts
Canadian Natural (CNQ) Receives a Hold from Wells Fargo
See More Headlines
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Company Calendar

Ex-Dividend for 10/5 Dividend
9/14/2023
Dividend Payable
10/05/2023
Last Earnings
11/02/2023
Today
11/29/2023
Ex-Dividend for 1/5 Dividend
12/07/2023
Fiscal Year End
12/31/2023
Dividend Payable
1/05/2024
Next Earnings (Estimated)
3/07/2024

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
$71.00
High Stock Price Target
$96.00
Low Stock Price Target
$39.00
Potential Upside/Downside
+7.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$8.41 billion
Pretax Margin
20.45%

Debt

Sales & Book Value

Annual Sales
$38.10 billion
Cash Flow
$14.53 per share
Book Value
$27.26 per share

Miscellaneous

Outstanding Shares
1,083,420,000
Free Float
1,029,244,000
Market Cap
$71.32 billion
Optionable
Optionable
Beta
1.52

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Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 63)
    Executive Chairman
    Comp: $8.7M
  • Mr. Timothy Shawn McKay (Age 61)
    President & Director
    Comp: $4.87M
  • Mr. Mark A. Stainthorpe C.F.A. (Age 45)
    CFO & Senior VP of Finance
    Comp: $1.61M
  • Mr. Scott G. Stauth (Age 57)
    Chief Operating Officer of Oil Sands
    Comp: $1.98M
  • Trevor J. Cassidy (Age 49)
    Chief Operating Officer of Exploration & Production
    Comp: $1.24M
  • Victor Clinton Darel C.A. (Age 46)
    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 53)
    Senior Vice-President of Corporate Development & Land
  • Mark Anthony Overwater (Age 55)
    Vice-President of Marketing

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 Thursday, November 16, 2023 at 12:00 AM.

Pros

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

  • Canadian Natural Resources Limited is a well-established company that has been operating since 1973.
  • They have a diverse portfolio, including crude oil, natural gas, and natural gas liquids, which provides investors with exposure to multiple energy sectors.
  • The company has a strong track record of acquiring, exploring, developing, producing, marketing, and selling natural resources, indicating their expertise in the industry.
  • Investing in Canadian Natural Resources Limited allows investors to participate in the global energy market, which can provide opportunities for growth and profitability.
  • Recent developments and advancements in technology have allowed Canadian Natural Resources Limited to improve their metals recovery and water treatment solutions, which can lead to increased efficiency and cost savings.

Cons

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

  • Like any investment in the energy sector, Canadian Natural Resources Limited is exposed to fluctuations in commodity prices, which can impact their profitability.
  • The company operates in a highly regulated industry, and changes in government policies or regulations can affect their operations and financial performance.
  • Environmental concerns and the transition towards renewable energy sources may pose long-term challenges for Canadian Natural Resources Limited.
  • Investing in natural resources can be volatile, and investors should be prepared for potential market fluctuations.
  • It is important for investors to closely monitor the current stock price of Canadian Natural Resources Limited to make informed investment decisions.














CNQ Stock Analysis - 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 twelve months. There are currently 3 hold ratings and 4 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 target for 2024?

7 Wall Street analysts have issued 1 year price objectives for Canadian Natural Resources' stock. Their CNQ share price targets range from $39.00 to $96.00. On average, they expect the company's share price to reach $71.00 in the next twelve months. This suggests a possible upside of 7.2% 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 2023?

Canadian Natural Resources' stock was trading at $55.53 at the beginning of the year. Since then, CNQ stock has increased by 19.3% and is now trading at $66.25.
View the best growth stocks for 2023 here
.

Are investors shorting Canadian Natural Resources?

Canadian Natural Resources saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 33,600,000 shares, an increase of 78.7% from the October 31st total of 18,800,000 shares. Based on an average daily trading volume, of 3,100,000 shares, the short-interest ratio is presently 10.8 days. Approximately 3.2% 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, March 7th 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, November, 2nd. The oil and gas producer reported $1.93 EPS for the quarter, topping the consensus estimate of $1.62 by $0.31. The oil and gas producer earned $7.38 billion during the quarter, compared to analysts' expectations of $6.49 billion. Canadian Natural Resources had a net margin of 17.32% and a trailing twelve-month return on equity of 20.89%.

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 Thursday, November 2nd. Shareholders of record on Friday, December 8th will be paid a dividend of $0.7203 per share on Friday, January 5th. This represents a $2.88 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Thursday, December 7th. This is a boost from the stock's previous quarterly dividend of $0.67.
Read our dividend analysis for CNQ
.

Is Canadian Natural Resources a good dividend stock?

Canadian Natural Resources (NYSE:CNQ) pays an annual dividend of $2.67 per share and currently has a dividend yield of 4.17%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 55.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 38.47% 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 retail and institutional investors. Top institutional investors include FMR LLC (4.10%), Canada Pension Plan Investment Board (2.18%), TD Asset Management Inc (1.59%), Mackenzie Financial Corp (1.57%), Bank of Nova Scotia (1.54%) and Yacktman Asset Management LP (1.39%).

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.

This page (NYSE:CNQ) was last updated on 11/29/2023 by MarketBeat.com Staff

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