Canadian Natural Resources Stock Forecast, Price & News

Canadian Natural Resources' stock was trading at $15.08 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CNQ stock has increased by 15.5% and is now trading at $17.42.
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16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 1 sell rating, 2 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Canadian Natural Resources.

Canadian Natural Resources is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Canadian Natural Resources.

Canadian Natural Resources will be holding an earnings conference call on Thursday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Canadian Natural Resources Limited (NYSE:CNQ) posted its quarterly earnings data on Thursday, August, 6th. The oil and gas producer reported ($0.65) earnings per share for the quarter, missing the Zacks' consensus estimate of ($0.56) by $0.09. The oil and gas producer had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.92 billion. Canadian Natural Resources had a net margin of 0.33% and a return on equity of 1.56%. During the same quarter in the prior year, the firm posted $0.87 EPS.
View Canadian Natural Resources' earnings history.

Canadian Natural Resources announced a quarterly dividend on Friday, August 7th. Stockholders of record on Friday, September 18th will be paid a dividend of $0.318 per share on Monday, October 5th. This represents a $1.27 annualized dividend and a dividend yield of 7.30%. The ex-dividend date is Thursday, September 17th. This is a positive change from Canadian Natural Resources's previous quarterly dividend of $0.30.
View Canadian Natural Resources' dividend history.

16 analysts have issued 1 year price targets for Canadian Natural Resources' stock. Their forecasts range from $17.00 to $92.00. On average, they anticipate Canadian Natural Resources' stock price to reach $35.33 in the next year. This suggests a possible upside of 102.8% from the stock's current price.
View analysts' price targets for Canadian Natural Resources.

Canadian Natural Resources saw a drop in short interest in the month of September. As of September 30th, there was short interest totaling 5,500,000 shares, a drop of 58.0% from the September 15th total of 13,110,000 shares. Based on an average trading volume of 3,320,000 shares, the short-interest ratio is presently 1.7 days. Currently, 0.5% of the shares of the company are sold short.
View Canadian Natural Resources' Short Interest.

Some companies that are related to Canadian Natural Resources include PetroChina (PTR), Petróleo Brasileiro S.A. - Petrobras (PBR), PETROLEO BRASIL/S (PBR.A), CNOOC (CEO), ENI (E), The Hong Kong and China Gas (HOKCY), Rwe Ag Sp (RWEOY), EOG Resources (EOG), Ecopetrol (EC), Pioneer Natural Resources (PXD), Woodside Petroleum (WOPEY), Encana (ECA), Occidental Petroleum (OXY), Concho Resources (CXO) and (DEN) (DEN).
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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 many different institutional and retail investors. Top institutional shareholders include QV Investors Inc. (0.23%), Addenda Capital Inc. (0.07%), Cardinal Capital Management Inc. (0.04%), DORCHESTER WEALTH MANAGEMENT Co (0.03%), Hennessy Advisors Inc. (0.01%) and Assenagon Asset Management S.A. (0.01%).

CNQ stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., QV Investors Inc., Hexavest Inc., Cardinal Capital Management Inc., Scout Investments Inc., Hennessy Advisors Inc., Taylor Cottrill Erickson & Associates Inc., and Crossmark Global Holdings Inc..

CNQ stock was acquired by a variety of institutional investors in the last quarter, including Addenda Capital Inc., Avantax Advisory Services Inc., and Envestnet Asset Management Inc..

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.

One share of CNQ stock can currently be purchased for approximately $17.42.

Canadian Natural Resources has a market capitalization of $20.57 billion and generates $18.38 billion in revenue each year. The oil and gas producer earns $4.08 billion in net income (profit) each year or $2.27 on an earnings per share basis. Canadian Natural Resources employs 10,180 workers across the globe.

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

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 403-517-7345 or via email at [email protected]