S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
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Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
Critical asset just had biggest fall on record (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
NYSE:CNQ

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

$70.49
-1.58 (-2.19%)
(As of 03/4/2024 ET)
Today's Range
$70.49
$72.12
50-Day Range
$59.40
$72.06
52-Week Range
$48.81
$72.82
Volume
2.54 million shs
Average Volume
3.16 million shs
Market Capitalization
$75.53 billion
P/E Ratio
12.72
Dividend Yield
4.18%
Price Target
$94.00

Canadian Natural Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
33.4% Upside
$94.00 Price Target
Short Interest
Healthy
1.06% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.75
Upright™ Environmental Score
News Sentiment
1.21mentions of Canadian Natural Resources in the last 14 days
Based on 12 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
14.04%
From $5.77 to $6.58 Per Share

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.

4.83 out of 5 stars

Oils/Energy Sector

10th out of 239 stocks

Crude Petroleum & Natural Gas Industry

4th out of 76 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

Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
CVE Mar 2024 25.500 call
RBC Capital Reaffirms Their Buy Rating on Canadian Natural (CNQ)
Desjardins Reaffirms Their Buy Rating on Canadian Natural (CNQ)
Canadian Natural Resources Ltd's Dividend Analysis
Canadian Natural Resources (TSX: CNQ)
See More Headlines
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Company Calendar

Last Earnings
8/05/2021
Ex-Dividend for 1/5 Dividend
12/07/2023
Dividend Payable
1/05/2024
Today
3/04/2024
Ex-Dividend for 4/5 Dividend
3/14/2024
Dividend Payable
4/05/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

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
$94.00
High Stock Price Target
$102.00
Low Stock Price Target
$85.00
Potential Upside/Downside
+33.3%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$6.10 billion
Pretax Margin
28.26%

Debt

Sales & Book Value

Annual Sales
$30.25 billion
Cash Flow
$10.10 per share
Book Value
$27.50 per share

Miscellaneous

Outstanding Shares
1,071,450,000
Free Float
1,017,878,000
Market Cap
$75.57 billion
Optionable
Optionable
Beta
1.53

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Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 64)
    Executive Chairman
    Comp: $8.91M
  • Mr. Timothy Shawn McKay (Age 62)
    President & Director
    Comp: $4.99M
  • Mr. Mark A. Stainthorpe C.F.A. (Age 46)
    CFO & Senior VP of Finance
    Comp: $1.65M
  • Victor Clinton Darel C.A. (Age 47)
    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 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














CNQ Stock Analysis - Frequently Asked Questions

Should I buy or sell Canadian Natural Resources stock right now?

6 Wall Street 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 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 twelve-month price targets for Canadian Natural Resources' shares. Their CNQ share price targets range from $85.00 to $102.00. On average, they predict the company's share price to reach $94.00 in the next twelve months. This suggests a possible upside of 33.4% 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 7.6% and is now trading at $70.49.
View the best growth stocks for 2024 here
.

Are investors shorting Canadian Natural Resources?

Canadian Natural Resources saw a decrease in short interest during the month of January. As of January 31st, there was short interest totaling 24,260,000 shares, a decrease of 9.1% from the January 15th total of 26,680,000 shares. Based on an average trading volume of 3,280,000 shares, the days-to-cover ratio is presently 7.4 days. Currently, 2.3% 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 earnings results on Thursday, August, 5th. The oil and gas producer reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.22. The oil and gas producer had revenue of $5.31 billion for the quarter, compared to analysts' expectations of $5.26 billion. Canadian Natural Resources had a net margin of 20.15% and a trailing twelve-month return on equity of 21.74%.

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. Investors 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 yield of 4.39%. The ex-dividend date is Thursday, March 14th. This is an increase 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 4.09%. 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 44.83% 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 many different retail and institutional investors. Top institutional investors include Capital World Investors (13.39%), Capital Research Global Investors (7.78%), Vanguard Group Inc. (4.02%), Royal Bank of Canada (0.00%), FIL Ltd (2.18%) and TD Asset Management Inc (2.01%).

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 3/5/2024 by MarketBeat.com Staff