S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
AI Stock Caught Trading Under Secret Name (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
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Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
Laser breakthrough could send stock soaring 2,467% (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
What recession? Professional forecasters raise expectations for US economy in 2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
AI Stock Caught Trading Under Secret Name (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Laser breakthrough could send stock soaring 2,467% (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
Laser breakthrough could send stock soaring 2,467% (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
What recession? Professional forecasters raise expectations for US economy in 2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
AI Stock Caught Trading Under Secret Name (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Laser breakthrough could send stock soaring 2,467% (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
Laser breakthrough could send stock soaring 2,467% (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
What recession? Professional forecasters raise expectations for US economy in 2024
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
How this AP photographer captured a unique splash at the swimming worlds with an underwater camera
AI Stock Caught Trading Under Secret Name (Ad)
Tax-free status of movie, music and games traded online is on table as WTO nations meet in Abu Dhabi
Delays in promised Western military aid to Ukraine are costing lives, the defense minister says
Laser breakthrough could send stock soaring 2,467% (Ad)
MILAN FASHION PHOTOS: Feben, Rave Review promote looks for women of all shapes, ages and sizes
Caribbean leaders meet with Haiti's prime minister. Foreign force deployment is on the agenda
Laser breakthrough could send stock soaring 2,467% (Ad)
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
What recession? Professional forecasters raise expectations for US economy in 2024
NYSE:CNQ

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

$65.32
-0.95 (-1.43%)
(As of 02/23/2024 ET)
Today's Range
$65.03
$65.90
50-Day Range
$59.40
$67.56
52-Week Range
$48.81
$68.74
Volume
2.69 million shs
Average Volume
3.09 million shs
Market Capitalization
$70.09 billion
P/E Ratio
13.69
Dividend Yield
4.52%
Price Target
$94.00

Canadian Natural Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
43.9% Upside
$94.00 Price Target
Short Interest
Healthy
2.29% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.75
Upright™ Environmental Score
News Sentiment
1.26mentions of Canadian Natural Resources in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.46%
From $5.42 to $5.77 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.

4.49 out of 5 stars

Oils/Energy Sector

27th out of 234 stocks

Crude Petroleum & Natural Gas Industry

13th out of 75 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

CVE Mar 2024 25.500 call
Sneaky CEO Hides Monster AI Stock Under Secret Trade Name
The public isn't supposed to know about this monster AI stock under $5...It’s technology is quietly the engine that runs new powerful artificial intelligence models like ChatGPT. And Wall Street is getting hungry for more shares.
Tech Genius Reveals #1AI Stock For 2024
This AI company just signed a deal with NVIDIA that went unreported by the media. Find out how you can get in on what is being dubbed 'the #1 AI stock for 2024 to buy now'
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
2/25/2024
Next Earnings (Confirmed)
2/29/2024
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
+43.9%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
6 Analysts

Profitability

Net Income
$8.41 billion
Pretax Margin
20.45%

Debt

Sales & Book Value

Annual Sales
$38.10 billion
Cash Flow
$14.11 per share
Book Value
$26.62 per share

Miscellaneous

Outstanding Shares
1,073,010,000
Free Float
1,019,358,000
Market Cap
$70.09 billion
Optionable
Optionable
Beta
1.53

Social Links

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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

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 Wednesday, February 21, 2024 at 3:28 PM.














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 year. 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 equities research analysts have issued twelve-month price targets for Canadian Natural Resources' stock. 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 43.9% 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 the year. Since then, CNQ stock has decreased by 0.3% and is now trading at $65.32.
View the best growth stocks for 2024 here
.

Are investors shorting Canadian Natural Resources?

Canadian Natural Resources saw a drop in short interest in January. As of January 31st, there was short interest totaling 24,260,000 shares, a drop of 9.1% from the January 15th total of 26,680,000 shares. Based on an average daily trading volume, of 3,280,000 shares, the days-to-cover ratio is presently 7.4 days. Currently, 2.3% of the company's stock 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, February 29th 2024.
View our CNQ earnings forecast
.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (NYSE:CNQ) posted its earnings results on Thursday, August, 5th. The oil and gas producer reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.22. The oil and gas producer earned $5.31 billion during the quarter, compared to analysts' expectations of $5.26 billion. Canadian Natural Resources had a trailing twelve-month return on equity of 20.89% and a net margin of 17.32%.

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. Stockholders 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 4.41%. 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 $2.95 per share and currently has a dividend yield of 4.52%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 61.84%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 51.13% 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 number of 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 2/25/2024 by MarketBeat.com Staff