NYSE:CNQ Canadian Natural Resources - CNQ Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Canadian Natural Resources Limited Please log in to your account or sign up in order to add this asset to your watchlist. $51.40 -0.10 (-0.19%) (As of 03/24/2023 12:00 AM ET) Add Compare Share Share Today's Range$50.08▼$51.5950-Day Range$50.00▼$62.1352-Week Range$44.45▼$70.60Volume1.70 million shsAverage Volume2.81 million shsMarket Capitalization$56.56 billionP/E Ratio7.00Dividend Yield5.14%Price Target$92.91 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Canadian Natural Resources MarketRank™ ForecastAnalyst RatingModerate Buy2.63 Rating ScoreUpside/Downside80.8% Upside$92.91 Price TargetShort InterestBearish2.50% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-7.75Upright™ Environmental ScoreNews Sentiment0.62Based on 11 Articles This WeekInsider TradingN/AProj. Earnings Growth-5.78%From $5.88 to $5.54 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.37 out of 5 starsOils/Energy Sector109th out of 248 stocksCrude Petroleum & Natural Gas Industry48th out of 78 stocks 3.3 Analyst's Opinion Consensus RatingCanadian Natural Resources has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $92.91, Canadian Natural Resources has a forecasted upside of 80.8% from its current price of $51.40.Amount of Analyst CoverageCanadian Natural Resources has only been the subject of 2 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted2.50% of the float of Canadian Natural Resources has been sold short.Short Interest Ratio / Days to CoverCanadian Natural Resources has a short interest ratio ("days to cover") of 11.7, which indicates bearish sentiment.Change versus previous monthShort interest in Canadian Natural Resources has recently increased by 91.42%, indicating that investor sentiment is decreasing significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipCanadian Natural Resources is a leading dividend payer. It pays a dividend yield of 5.12%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCanadian Natural Resources has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Canadian Natural Resources is 35.97%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Canadian Natural Resources will have a dividend payout ratio of 47.65% next year. This indicates that Canadian Natural Resources will be able to sustain or increase its dividend. Previous Next 0.7 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCanadian Natural Resources has received a -63.75% net impact score from Upright. The largest negative impact of Canadian Natural Resources in category "GHG emissions" seems to be driven mostly by its "Oil sand", "Bitumen", "Conventional crude oil", and "Conventional natural gas" products. See details.Environmental SustainabilityThe Environmental Impact score for Canadian Natural Resources is -7.75. Previous Next 2.0 News and Social Media Coverage News SentimentCanadian Natural Resources has a news sentiment score of 0.62. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 11 news articles for Canadian Natural Resources this week, compared to 3 articles on an average week.Search InterestOnly 108 people have searched for CNQ on MarketBeat in the last 30 days. This is a decrease of -2% compared to the previous 30 days.MarketBeat FollowsOnly 11 people have added Canadian Natural Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -15% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Canadian Natural Resources insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 5.00% of the stock of Canadian Natural Resources is held by insiders.Percentage Held by Institutions70.92% of the stock of Canadian Natural Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Canadian Natural Resources are expected to decrease by -5.78% in the coming year, from $5.88 to $5.54 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Canadian Natural Resources is 7.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.52.Price to Earnings Ratio vs. SectorThe P/E ratio of Canadian Natural Resources is 7.00, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 60.53.Price to Earnings Growth RatioCanadian Natural Resources has a PEG Ratio of 0.71. PEG Ratios below 1 indicate that a company could be undervalued.Price to Book Value per Share RatioCanadian Natural Resources has a P/B Ratio of 1.93. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Canadian Natural Resources (NYSE:CNQ) StockCanadian Natural Resources Ltd. is an oil and natural gas production company, which engages in the exploration, development, marketing, and production of crude oil and natural gas. It operates through the following segments: Oil Sands Mining & Upgrading, Midstream & Refining, and Exploration & Production. The Oil Sands Mining & Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations. The Midstream & Refining segment focuses on maintaining pipeline operations and investment. The Exploration & Production segment consists of operations in North America, largely in Western Canada, the United Kingdom portion of the North Sea, and Côte d'Ivoire and South Africa in Africa. The company was founded on November 7, 1973 and is headquartered in Calgary, Canada.Read More Receive CNQ Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Canadian Natural Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address CNQ Stock News HeadlinesMarch 26, 2023 | finance.yahoo.comCanadian Natural Resources Limited (TSE:CNQ) is largely controlled by institutional shareholders who own 78% of the companyMarch 23, 2023 | fool.caBetter Energy Stock to Buy: Suncor or Canadian Natural Resources?March 26, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!March 23, 2023 | americanbankingnews.comCanadian Natural Resources (NYSE:CNQ) & Berry (NASDAQ:BRY) Head to Head ComparisonMarch 21, 2023 | seekingalpha.comCNQ Canadian Natural Resources LimitedMarch 21, 2023 | americanbankingnews.comResearch Analysts Set Expectations for Canadian Natural Resources Limited's Q2 2024 Earnings (NYSE:CNQ)March 18, 2023 | americanbankingnews.comCanadian Natural Resources (NYSE:CNQ) Now Covered by StockNews.comMarch 16, 2023 | finance.yahoo.comTop Research Reports for Nike, Salesforce & ZoetisMarch 26, 2023 | Behind the Markets (Ad)[BREAKING] New "Living Missile" to Replace Nuclear MissilesCBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!March 16, 2023 | americanbankingnews.comAnalysts Set Canadian Natural Resources Limited (NYSE:CNQ) Target Price at $90.44March 13, 2023 | marketwatch.comCanadian Natural Resources Ltd. stock falls Monday, underperforms marketMarch 11, 2023 | msn.comBetter Buy: Suncor Stock or Canadian Natural Resources?March 6, 2023 | finance.yahoo.comCanadian Natural Resources Limited (NYSE:CNQ) Q4 2022 Earnings Call TranscriptMarch 5, 2023 | finance.yahoo.comCanadian Natural Resources' (TSE:CNQ) Upcoming Dividend Will Be Larger Than Last Year'sMarch 4, 2023 | msn.comCanadian Natural Resources (CNQ) Declares $0.90 DividendMarch 2, 2023 | finance.yahoo.comCANADA STOCKS-TSX notches two-week high as Fed rate outlook dominatesMarch 2, 2023 | markets.businessinsider.comCanadian Natural Resources Q4 Profit Down, Misses Estimates; Lifts DividendMarch 2, 2023 | msn.comCanadian Natural Resources (CNQ) Misses Q4 Earnings EstimatesMarch 2, 2023 | msn.comCanadian Natural Resources misses quarterly profit estimates on lower productionMarch 2, 2023 | msn.comCanadian Natural Resources rises as dividend hike outweighs Q4 missMarch 2, 2023 | finance.yahoo.comCanadian Natural Resources Limited Announces 2022 Fourth Quarter and Year End ResultsFebruary 21, 2023 | finance.yahoo.comWall Street Analysts Think Canadian Natural Resources (CNQ) Is a Good Investment: Is It?February 7, 2023 | finance.yahoo.comAre Robust Financials Driving The Recent Rally In Canadian Natural Resources Limited's (TSE:CNQ) Stock?February 2, 2023 | finance.yahoo.comCanadian Natural Resources Limited (CNQ) is Attracting Investor Attention: Here is What You Should KnowJanuary 31, 2023 | marketwatch.comCanadian Natural Resources Ltd. stock rises Tuesday, outperforms marketJanuary 27, 2023 | finance.yahoo.comCanadian Natural Resources Stock Earns IBD Rating UpgradeJanuary 23, 2023 | finance.yahoo.comAre Energy Investors Overlooking These 3 Canadian E&P Stocks?See More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CNQ Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Canadian Natural Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address CNQ Company Calendar Last Earnings8/05/2021Ex-Dividend for 1/5 Dividend12/15/2022Dividend Payable1/05/2023Ex-Dividend for 4/5 Dividend3/16/2023Today3/26/2023Dividend Payable4/05/2023Next Earnings (Estimated)5/04/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Crude petroleum & natural gas Sub-IndustryN/A SectorOils/Energy Current SymbolNYSE:CNQ CUSIPN/A CIK1017413 Webwww.cnrl.com Phone(403) 514-7777Fax403-517-7350Employees9,735Year Founded1989Price Target and Rating Average Stock Price Forecast$92.91 High Stock Price Forecast$115.00 Low Stock Price Forecast$69.00 Forecasted Upside/Downside+80.8%Consensus RatingModerate Buy Rating Score (0-4)2.63 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$7.34 Trailing P/E Ratio7.00 Forward P/E Ratio8.74 P/E Growth0.71Net Income$8.41 billion Net Margins22.20% Pretax Margin32.40% Return on Equity33.18% Return on Assets16.51% Debt Debt-to-Equity Ratio0.29 Current Ratio0.82 Quick Ratio0.61 Sales & Book Value Annual Sales$38.10 billion Price / Sales1.48 Cash Flow$14.08 per share Price / Cash Flow3.65 Book Value$26.62 per share Price / Book1.93Miscellaneous Outstanding Shares1,100,340,000Free Float1,045,325,000Market Cap$56.56 billion OptionableOptionable Beta1.57 Social Links Key ExecutivesTim Shawn McKayPresident, Chief Operating Officer & DirectorTrevor CassidyChief operating officer & ExplorationMark A. StainthorpeChief Financial Officer & Senior VP-FinanceStephen C. SucheVice President-Information & Corporate ServicesSheldon SchroederVice PresidentKey CompetitorsOccidental PetroleumNYSE:OXYEOG ResourcesNYSE:EOGPetróleo Brasileiro S.A. - PetrobrasNYSE:PBRENINYSE:EPioneer Natural ResourcesNYSE:PXDView All CompetitorsInstitutional OwnershipB. Riley Wealth Advisors Inc.Sold 21,019 shares on 3/15/2023Ownership: 0.005%Rockefeller Capital Management L.P.Sold 899 shares on 3/6/2023Ownership: 0.000%Robotti RobertSold 955 shares on 3/3/2023Ownership: 0.015%Parallax Volatility Advisers L.P.Bought 46,100 shares on 2/27/2023Ownership: 0.000%Cravens & Co Advisors LLCBought 5,880 shares on 2/27/2023Ownership: 0.001%View All Institutional Transactions CNQ Stock - Frequently Asked Questions Should I buy or sell Canadian Natural Resources stock right now? 8 Wall Street equities 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 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CNQ shares. View CNQ analyst ratings or view top-rated stocks. What is Canadian Natural Resources' stock price forecast for 2023? 8 Wall Street analysts have issued 1-year target prices for Canadian Natural Resources' stock. Their CNQ share price forecasts range from $69.00 to $115.00. On average, they predict the company's stock price to reach $92.91 in the next year. This suggests a possible upside of 80.8% 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 on January 1st, 2023. Since then, CNQ stock has decreased by 7.4% and is now trading at $51.40. View the best growth stocks for 2023 here. Are investors shorting Canadian Natural Resources? Canadian Natural Resources saw a increase in short interest in February. As of February 28th, there was short interest totaling 27,010,000 shares, an increase of 91.4% from the February 13th total of 14,110,000 shares. Based on an average trading volume of 2,310,000 shares, the short-interest ratio is currently 11.7 days. Approximately 2.5% of the company's 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, May 4th 2023. View our CNQ earnings forecast. How were Canadian Natural Resources' earnings last quarter? Canadian Natural Resources Limited (NYSE:CNQ) released its quarterly earnings results on Thursday, August, 5th. The oil and gas producer reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.22. The oil and gas producer had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.26 billion. Canadian Natural Resources had a net margin of 22.20% and a trailing twelve-month return on equity of 33.18%. How often does Canadian Natural Resources pay dividends? What is the dividend yield for Canadian Natural Resources? Canadian Natural Resources declared a quarterly dividend on Thursday, March 2nd. Shareholders of record on Friday, March 17th will be paid a dividend of $0.676 per share on Wednesday, April 5th. This represents a $2.70 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date is Thursday, March 16th. This is an increase from the stock's previous quarterly dividend of $0.62. Read our dividend analysis for CNQ. Is Canadian Natural Resources a good dividend stock? Canadian Natural Resources (NYSE:CNQ) pays an annual dividend of $2.64 per share and currently has a dividend yield of 5.12%. 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 35.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 47.65% 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 shareholders include Bank of Nova Scotia (1.80%), TD Asset Management Inc (1.62%), Mackenzie Financial Corp (1.43%), Yacktman Asset Management LP (1.38%), 1832 Asset Management L.P. (1.29%) and National Bank of Canada FI (1.14%). 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 $51.40. How much money does Canadian Natural Resources make? Canadian Natural Resources (NYSE:CNQ) has a market capitalization of $56.56 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 $7.34 on an earnings per share basis. How many employees does Canadian Natural Resources have? The company employs 9,735 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 3/26/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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