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

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CNQ shares.
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8 analysts have issued twelve-month price targets for Canadian Natural Resources' stock. Their CNQ share price forecasts range from $69.00 to $115.00. On average, they anticipate the company's share price to reach $94.14 in the next year. This suggests a possible upside of 67.9% from the stock's current price.
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Canadian Natural Resources' stock was trading at $55.53 at the beginning of the year. Since then, CNQ stock has increased by 1.0% and is now trading at $56.07.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our CNQ earnings forecast.

Canadian Natural Resources Limited (NYSE:CNQ) released its earnings results on Thursday, August, 5th. The oil and gas producer reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.22. The oil and gas producer earned $5.31 billion during the quarter, compared to the consensus estimate of $5.26 billion. Canadian Natural Resources had a trailing twelve-month return on equity of 29.39% and a net margin of 20.63%.

Canadian Natural Resources declared a quarterly dividend on Thursday, May 4th. Shareholders 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 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date of this dividend is Thursday, June 15th.
Read our dividend analysis for CNQ.

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

Canadian Natural Resources (NYSE:CNQ) pays an annual dividend of $2.64 per share and currently has a dividend yield of 4.81%. 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.

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.

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).

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

Canadian Natural Resources' stock is owned by a variety of institutional and retail investors. Top institutional shareholders 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%).

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.
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One share of CNQ stock can currently be purchased for approximately $56.07.

Canadian Natural Resources (NYSE:CNQ) has a market capitalization of $61.48 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.

The company employs 10,035 workers across the globe.

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.