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3 Mid-Cap Momentum Plays to Ride Into Q4
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
Would Buffett Approve of This Growth Strategy? (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Global shares mostly fall over China worries
Windfall profits possible with this under-the-radar lithium stock. (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
Windfall profits possible with this under-the-radar lithium stock. (Ad)
Video: Jack in the Box Employee Shoots at Customer Over Alleged Missing Curly Fries, Family Files Lawsuit
3 Mid-Cap Momentum Plays to Ride Into Q4
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
Would Buffett Approve of This Growth Strategy? (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Global shares mostly fall over China worries
Windfall profits possible with this under-the-radar lithium stock. (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
Windfall profits possible with this under-the-radar lithium stock. (Ad)
Video: Jack in the Box Employee Shoots at Customer Over Alleged Missing Curly Fries, Family Files Lawsuit
3 Mid-Cap Momentum Plays to Ride Into Q4
S&P 500   4,274.51
DOW   33,550.27
QQQ   355.04
Pain for Gain: 2 Stocks Whose CEOs Left Without a Clue
Would Buffett Approve of This Growth Strategy? (Ad)
The Odds Are High Costco Will Declare a Special Dividend Soon 
Stock market today: Global shares mostly fall over China worries
Windfall profits possible with this under-the-radar lithium stock. (Ad)
How You Can Reverse Engineer Michael Burry's Latest Buy
Target Will Close 9 Stores Across 4 States Due to Ongoing Crime That's 'Threatening the Safety' of Customers and Employees
Windfall profits possible with this under-the-radar lithium stock. (Ad)
Video: Jack in the Box Employee Shoots at Customer Over Alleged Missing Curly Fries, Family Files Lawsuit
3 Mid-Cap Momentum Plays to Ride Into Q4
NYSE:CNQ

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

$66.00
+1.55 (+2.40%)
(As of 09/27/2023 ET)
Compare
Today's Range
$65.16
$66.07
50-Day Range
$57.88
$66.01
52-Week Range
$45.27
$66.18
Volume
2.24 million shs
Average Volume
2.83 million shs
Market Capitalization
$71.97 billion
P/E Ratio
12.97
Dividend Yield
4.05%
Price Target
$68.33

Canadian Natural Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
3.5% Upside
$68.33 Price Target
Short Interest
Bearish
11.70% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.75
Upright™ Environmental Score
News Sentiment
0.82mentions of Canadian Natural Resources in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
23.69%
From $5.15 to $6.37 Per Share

Overall MarketRank

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

2.17 out of 5 stars

Oils/Energy Sector

143rd out of 244 stocks

Crude Petroleum & Natural Gas Industry

56th out of 80 stocks


CNQ stock logo

About Canadian Natural Resources (NYSE:CNQ) Stock

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 Price History

CNQ Stock News Headlines

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Where Canadian Natural Res Stands With Analysts
Canadian Natural (CNQ) Receives a Hold from Wells Fargo
The Strategic Gold Play You Haven't Heard About
Experts recommend adding gold to your portfolio, but in what form? Some savvy investors are now rejecting coins and mining stocks in favor of a unique gold investment alternative. It holds explosive growth potential similar to a junior gold stock -- but with less risk exposure.
CNQ:CA Canadian Natural Resources Limited
See More Headlines
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CNQ Company Calendar

Ex-Dividend for 7/5 Dividend
6/15/2023
Dividend Payable
7/05/2023
Last Earnings
8/03/2023
Ex-Dividend for 10/5 Dividend
9/14/2023
Today
9/28/2023
Dividend Payable
10/05/2023
Next Earnings (Estimated)
11/02/2023
Fiscal Year End
12/31/2023

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 Forecast
$68.33
High Stock Price Forecast
$94.00
Low Stock Price Forecast
$39.00
Forecasted Upside/Downside
+3.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$8.41 billion
Pretax Margin
21.60%

Debt

Sales & Book Value

Annual Sales
$38.10 billion
Cash Flow
$14.70 per share
Book Value
$26.62 per share

Miscellaneous

Outstanding Shares
1,090,350,000
Free Float
1,035,833,000
Market Cap
$71.97 billion
Optionable
Optionable
Beta
1.58

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Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 63)
    Exec. Chairman
    Comp: $8.87M
  • Mr. Timothy Shawn McKay (Age 61)
    Pres & Director
    Comp: $4.96M
  • Mr. Mark A. Stainthorpe C.F.A. (Age 45)
    CFO & Sr. VP of Fin.
    Comp: $1.64M
  • Mr. Scott G. Stauth (Age 57)
    Chief Operating Officer of Oil Sands
    Comp: $2.02M
  • Trevor J. Cassidy (Age 49)
    Chief Operating Officer of Exploration & Production
    Comp: $1.26M
  • Victor Clinton Darel C.A. (Age 46)
    CPA, VP of Fin. & Principal Accounting Officer
  • Lance J. Casson
    Mang. of Investor Relations
  • Brenda Gayle Balog
    VP of Legal & Gen. Counsel
  • Mr. Ronald Keith Laing (Age 53)
    Sr. Vice-Pres of Corp. Devel. & Land
  • Mark Anthony Overwater (Age 55)
    Vice-Pres of Marketing













CNQ Stock - Frequently Asked Questions

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

9 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 6 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 forecast for 2023?

9 equities research analysts have issued 12 month target prices for Canadian Natural Resources' stock. Their CNQ share price forecasts range from $39.00 to $94.00. On average, they predict the company's share price to reach $68.33 in the next twelve months. This suggests a possible upside of 3.5% 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 shares have increased by 18.9% and is now trading at $66.0050.
View the best growth stocks for 2023 here
.

Are investors shorting Canadian Natural Resources?

Canadian Natural Resources saw a increase in short interest in September. As of September 15th, there was short interest totaling 125,180,000 shares, an increase of 120.7% from the August 31st total of 56,710,000 shares. Based on an average daily volume of 2,020,000 shares, the days-to-cover ratio is currently 62.0 days. Currently, 11.7% of the shares of the stock are sold short.
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, November 2nd 2023.
View our CNQ earnings forecast
.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (NYSE:CNQ) released its earnings results on Thursday, August, 3rd. The oil and gas producer reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.88 by $0.03. The oil and gas producer had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.44 billion. Canadian Natural Resources had a trailing twelve-month return on equity of 22.86% and a net margin of 18.14%.

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 Wednesday, August 2nd. Shareholders of record on Friday, September 15th will be given a dividend of $0.6744 per share on Thursday, October 5th. This represents a $2.70 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Thursday, September 14th. This is a positive change from the stock's previous quarterly dividend of $0.66.
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).

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 4.21%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 52.46%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 41.92% 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 institutional and retail investors. Top institutional investors include Capital World Investors (13.63%), Capital Research Global Investors (8.44%), Canada Pension Plan Investment Board (2.45%), Bank of Nova Scotia (2.26%), TD Asset Management Inc (1.64%) and Mackenzie Financial Corp (1.60%).

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 $66.01.

How much money does Canadian Natural Resources make?

Canadian Natural Resources (NYSE:CNQ) has a market capitalization of $71.97 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 $5.09 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 9/28/2023 by MarketBeat.com Staff

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