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

$27.65
-0.15 (-0.54 %)
(As of 11/14/2019 01:46 PM ET)
Today's Range
$27.53
Now: $27.65
$28.10
50-Day Range
$24.31
MA: $26.03
$27.99
52-Week Range
$21.85
Now: $27.65
$31.77
Volume71,408 shs
Average Volume1.97 million shs
Market Capitalization$32.75 billion
P/E Ratio12.86
Dividend Yield4.04%
Beta1.16
Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. Read More…

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
SectorOils/Energy
CUSIPN/A
Phone403-517-6700

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$17.19 billion
Cash Flow$5.45 per share
Book Value$22.26 per share

Profitability

Net Income$2.00 billion

Miscellaneous

Employees9,709
Outstanding Shares1,184,360,000
Market Cap$32.75 billion
Next Earnings Date3/5/2020 (Estimated)
OptionableOptionable

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Canadian Natural Resources (NYSE:CNQ) Frequently Asked Questions

What is Canadian Natural Resources' stock symbol?

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

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 7th. Investors of record on Wednesday, December 11th will be given a dividend of $0.285 per share on Wednesday, January 1st. This represents a $1.14 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend is Tuesday, December 10th. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.28. View Canadian Natural Resources' Dividend History.

How will Canadian Natural Resources' stock buyback program work?

Canadian Natural Resources declared that its board has approved a stock buyback program on Thursday, March 15th 2018, which permits the company to buyback 61,300,000 shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Ltd (NYSE:CNQ) issued its quarterly earnings results on Thursday, November, 7th. The oil and gas producer reported $1.04 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.60 by $0.44. The oil and gas producer had revenue of $4.67 billion for the quarter, compared to analyst estimates of $4.46 billion. Canadian Natural Resources had a return on equity of 7.87% and a net margin of 18.37%. During the same period in the previous year, the company posted $1.11 earnings per share. View Canadian Natural Resources' Earnings History.

When is Canadian Natural Resources' next earnings date?

Canadian Natural Resources is scheduled to release their next quarterly earnings announcement on Thursday, March 5th 2020. View Earnings Estimates for Canadian Natural Resources.

What price target have analysts set for CNQ?

20 brokers have issued 1-year price objectives for Canadian Natural Resources' stock. Their forecasts range from $27.83 to $53.00. On average, they expect Canadian Natural Resources' stock price to reach $41.99 in the next year. This suggests a possible upside of 51.9% from the stock's current price. View Analyst Price Targets for Canadian Natural Resources.

What is the consensus analysts' recommendation for Canadian Natural Resources?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 1 sell rating, 5 hold ratings and 14 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Canadian Natural Resources.

Has Canadian Natural Resources been receiving favorable news coverage?

News stories about CNQ stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Canadian Natural Resources earned a daily sentiment score of -1.4 on InfoTrie's scale. They also assigned news articles about the oil and gas producer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Canadian Natural Resources.

Are investors shorting Canadian Natural Resources?

Canadian Natural Resources saw a decline in short interest in the month of October. As of October 31st, there was short interest totalling 7,370,000 shares, a decline of 23.3% from the September 30th total of 9,610,000 shares. Based on an average daily volume of 2,460,000 shares, the short-interest ratio is presently 3.0 days. Approximately 0.6% of the shares of the stock are sold short. View Canadian Natural Resources' Current Options Chain.

Who are some of Canadian Natural Resources' key competitors?

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 CA (CA), Micron Technology (MU), Bank of America (BAC), Intel (INTC), Energy Transfer LP Unit (ET), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), AT&T (T) and Transocean (RIG).

Who are Canadian Natural Resources' key executives?

Canadian Natural Resources' management team includes the folowing people:
  • Mr. Norman Murray Edwards O.C., Exec. Chairman (Age 59)
  • Mr. Timothy Shawn McKay, Pres & Director (Age 57)
  • Mr. Steve W. Laut, Exec. Vice Chairman (Age 61)
  • Mr. Scott G. Stauth, Chief Operating Officer of Oil Sands (Age 53)
  • Mr. Corey B. Bieber C.A., CA, Exec. Advisor (Age 55)

Who are Canadian Natural Resources' major shareholders?

Canadian Natural Resources' stock is owned by a number of of retail and institutional investors. Top institutional investors include Beutel Goodman & Co Ltd. (2.07%), Letko Brosseau & Associates Inc. (1.26%), CIBC Asset Management Inc (1.17%), Great West Life Assurance Co. Can (0.94%), QV Investors Inc. (0.47%) and Sumitomo Mitsui Trust Holdings Inc. (0.37%).

Which major investors are selling Canadian Natural Resources stock?

CNQ stock was sold by a variety of institutional investors in the last quarter, including Alberta Investment Management Corp, Assenagon Asset Management S.A., Marathon Asset Management LLP, Ingalls & Snyder LLC, Massachusetts Financial Services Co. MA, Ninepoint Partners LP, Envestnet Asset Management Inc. and Greystone Managed Investments Inc..

Which major investors are buying Canadian Natural Resources stock?

CNQ stock was bought by a variety of institutional investors in the last quarter, including Beutel Goodman & Co Ltd., Great West Life Assurance Co. Can, Hexavest Inc., QV Investors Inc., CIBC Asset Management Inc, Lincluden Management Ltd., Letko Brosseau & Associates Inc. and Tower Research Capital LLC TRC.

How do I buy shares of Canadian Natural Resources?

Shares of CNQ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Canadian Natural Resources' stock price today?

One share of CNQ stock can currently be purchased for approximately $27.65.

How big of a company is Canadian Natural Resources?

Canadian Natural Resources has a market capitalization of $32.75 billion and generates $17.19 billion in revenue each year. The oil and gas producer earns $2.00 billion in net income (profit) each year or $2.15 on an earnings per share basis. Canadian Natural Resources employs 9,709 workers across the globe.View Additional Information About Canadian Natural Resources.

What is Canadian Natural Resources' official website?

The official website for Canadian Natural Resources is http://www.cnrl.com/.

How can I contact Canadian Natural Resources?

Canadian Natural Resources' mailing address is 2100 855-2 STREET SW, CALGARY A0, T2P 4J8. The oil and gas producer can be reached via phone at 403-517-6700 or via email at [email protected]


MarketBeat Community Rating for Canadian Natural Resources (NYSE CNQ)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  510 (Vote Outperform)
Underperform Votes:  392 (Vote Underperform)
Total Votes:  902
MarketBeat's community ratings are surveys of what our community members think about Canadian Natural Resources and other stocks. Vote "Outperform" if you believe CNQ will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CNQ will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/14/2019 by MarketBeat.com Staff

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