NYSE:CNQCanadian Natural Resources Stock Price, Forecast & News

Canadian Natural Resources' stock was trading at $15.08 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CNQ shares have increased by 33.7% and is now trading at $20.16. View which stocks have been most impacted by Coronavirus.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 1 sell rating, 3 hold ratings and 10 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, August 6th 2020. View our earnings forecast for Canadian Natural Resources.

Canadian Natural Resources Ltd (NYSE:CNQ) issued its quarterly earnings results on Thursday, May, 7th. The oil and gas producer reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of $0.04 by $0.29. The oil and gas producer had revenue of $3.36 billion for the quarter, compared to analysts' expectations of $3.61 billion. Canadian Natural Resources had a net margin of 13.51% and a return on equity of 6.70%. During the same period in the previous year, the company earned $0.70 earnings per share. View Canadian Natural Resources' earnings history.

Canadian Natural Resources declared a quarterly dividend on Friday, May 8th. Shareholders of record on Friday, June 12th will be paid a dividend of $0.3003 per share on Wednesday, July 1st. This represents a $1.20 annualized dividend and a dividend yield of 5.96%. The ex-dividend date of this dividend is Thursday, June 11th. View Canadian Natural Resources' dividend history.

14 Wall Street analysts have issued twelve-month price targets for Canadian Natural Resources' stock. Their forecasts range from $17.00 to $53.00. On average, they anticipate Canadian Natural Resources' stock price to reach $35.00 in the next year. This suggests a possible upside of 73.6% from the stock's current price. View analysts' price targets for Canadian Natural Resources.

News coverage about CNQ stock has been trending very negative recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Canadian Natural Resources earned a media sentiment score of -3.2 on InfoTrie's scale. They also assigned news coverage about the oil and gas producer a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the stock's share price in the next several days. View the latest news aboutCanadian Natural Resources.

Canadian Natural Resources saw a drop in short interest during the month of May. As of May 15th, there was short interest totaling 11,150,000 shares, a drop of 6.1% from the April 30th total of 11,880,000 shares. Based on an average trading volume of 6,160,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.0% of the shares of the company are sold short. View Canadian Natural Resources' Current Options Chain.

Some companies that are related to Canadian Natural Resources include PetroChina (PTR), PETROLEO BRASIL/ADR (PBR), PETROLEO BRASIL/S (PBR.A), CNOOC (CEO), ENI (E), EOG Resources (EOG), The Hong Kong and China Gas (HOKCY), Ecopetrol (EC), Rwe Ag Sp (RWEOY), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Occidental Petroleum (OXY), Concho Resources (CXO), Encana (ECA) and GALP ENERGIA SG/ADR (GLPEY). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Natural Resources investors own include Bank of America (BAC), Energy Transfer LP Unit (ET), CA (CA), Micron Technology (MU), Pfizer (PFE), Intel (INTC), AT&T (T), Suncor Energy (SU), Applied Materials (AMAT) and BlackRock (BLK).

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

Canadian Natural Resources' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Capital Research Global Investors (11.39%), Public Investment Fund (2.55%), Invesco Ltd. (2.35%), Capital International Investors (2.25%), Canada Pension Plan Investment Board (2.22%) and 1832 Asset Management L.P. (1.21%).

CNQ stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, 1832 Asset Management L.P., Capital International Investors, 1832 Asset Management L.P., Hexavest Inc., Wellington Management Group LLP, Guardian Capital LP, and CIBC Asset Management Inc.

CNQ stock was bought by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Public Investment Fund, CIBC World Markets Inc., Invesco Ltd., Canada Pension Plan Investment Board, Galibier Capital Management Ltd., APG Asset Management N.V., and APG Asset Management N.V..

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 $20.16.

Canadian Natural Resources has a market capitalization of $23.81 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]