NYSE:CNQ

Canadian Natural Resources - CNQ Stock Forecast, Price & News

$54.12

-0.62 (-1.13%)

(As of 08/16/2022 02:15 PM ET)

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Today's Range: $54.10
▼
$55.66
50-Day Range: $46.62
▼
$68.64
52-Week Range: $29.53
▼
$70.60

Volume: 146,023 shs
Average Volume: 2.79 million shs
Market Capitalization: $60.81 billion

P/E Ratio: 7.10
Dividend Yield: 4.21%
Price Target: $86.79

Canadian Natural Resources MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 59.0% Upside
$86.79 Price Target
Short Interest: Healthy
1.53% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -7.75
Upright™ Environmental Score
News Sentiment: 1.35
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -10.93%
From $8.60 to $7.66 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.80 out of 5 stars

Oils/Energy Sector

26th out of 257 stocks

Crude Petroleum & Natural Gas Industry

17th out of 81 stocks

3.3

Analyst's Opinion

Consensus Rating
Canadian Natural Resources has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 6 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $86.79, Canadian Natural Resources has a forecasted upside of 59.0% from its current price of $54.58.
Amount of Analyst Coverage
Canadian Natural Resources has only been the subject of 4 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.53% of the float of Canadian Natural Resources has been sold short.
Short Interest Ratio / Days to Cover
Canadian Natural Resources has a short interest ratio ("days to cover") of 5.7.
Change versus previous month
Short interest in Canadian Natural Resources has recently decreased by 28.23%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Canadian Natural Resources is a leading dividend payer. It pays a dividend yield of 4.21%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Canadian Natural Resources has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Canadian Natural Resources is 31.10%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Canadian Natural Resources will have a dividend payout ratio of 30.94% next year. This indicates that Canadian Natural Resources will be able to sustain or increase its dividend.

0.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Canadian 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 Sustainability
The Environmental Impact score for Canadian Natural Resources is -7.75.

3.5

News and Social Media Coverage

News Sentiment
Canadian Natural Resources has a news sentiment score of 1.35. 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 is a higher news sentiment than the 0.48 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Canadian Natural Resources this week, compared to 2 articles on an average week.
Search Interest
Only 43 people have searched for CNQ on MarketBeat in the last 30 days. This is a decrease of -25% compared to the previous 30 days.
MarketBeat Follows
84 people have added Canadian Natural Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 53% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Natural Resources insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.00% of the stock of Canadian Natural Resources is held by insiders.
Percentage Held by Institutions
68.45% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Canadian Natural Resources are expected to decrease by -10.93% in the coming year, from $8.60 to $7.66 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Natural Resources is 7.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.06.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Natural Resources is 7.16, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 36.81.
Price to Earnings Growth Ratio
Canadian Natural Resources has a PEG Ratio of 0.54. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Canadian Natural Resources has a P/B Ratio of 2.16. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Canadian Natural Resources (NYSE:CNQ) Stock

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream and refining assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2020, the company had total proved crude oil, bitumen, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, and NGLs reserves were 13,271 MMbbl; proved SCO reserves were 6,998 MMbbl; total proved plus probable SCO reserves were 7,535 MMbbl; proved natural gas reserves were 12,168 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 20,249 Bcf. 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.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Credit Suisse Group restated a "neutral" rating on shares of Canadian Natural Resources in a report on Thursday, August 11th. BMO Capital Markets lifted their price target on Canadian Natural Resources from C$92.00 to C$95.00 in a report on Friday, May 6th. Stifel Nicolaus boosted their target price on Canadian Natural Resources from C$111.00 to C$115.00 in a research note on Thursday, June 30th. National Bank Financial dropped their target price on Canadian Natural Resources from C$115.00 to C$100.00 in a research note on Monday, July 18th. Finally, Scotiabank downgraded Canadian Natural Resources from a "sector outperform" rating to a "sector perform" rating in a research note on Wednesday, June 8th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $86.79.

Canadian Natural Resources Stock Performance

Shares of CNQ Stock traded up $0.54 on Tuesday, hitting $55.28. The company had a trading volume of 31,968 shares, compared to its average volume of 2,791,550. The firm has a market cap of $62.11 billion, a P/E ratio of 7.18, a price-to-earnings-growth ratio of 0.54 and a beta of 1.51. The company has a 50-day moving average price of $53.70 and a 200-day moving average price of $58.01. The company has a quick ratio of 0.65, a current ratio of 0.85 and a debt-to-equity ratio of 0.29. Canadian Natural Resources has a twelve month low of $29.53 and a twelve month high of $70.60.

Canadian Natural Resources Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 5th. Stockholders of record on Friday, September 16th will be issued a $0.5822 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $2.33 annualized dividend and a dividend yield of 4.21%. Canadian Natural Resources's dividend payout ratio (DPR) is presently 31.10%.

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CNQ Stock News Headlines

August 5, 2022 | americanbankingnews.com

Canadian Natural Resources Limited (NYSE:CNQ) Receives Average Recommendation of "Moderate Buy" from Analysts

August 3, 2022 | finance.yahoo.com

Canadian Natural Resources Stock Sees Composite Rating Move Up To 96

July 26, 2022 | finance.yahoo.com

Are Investors Undervaluing Canadian Natural Resources Limited (TSE:CNQ) By 50%?

July 22, 2022 | americanbankingnews.com

Canadian Natural Resources (NYSE:CNQ) Upgraded at Bank of America

July 5, 2022 | msn.com

3 Oversold Canadian Stocks I’d Load Up on Now!

July 5, 2022 | benzinga.com

Here's Why Canadian Natural Resources Shares Are Falling Sharply Today

June 28, 2022 | fool.ca

2 Energy Stocks I’d Buy for Passive Income and Turnaround Upside

June 27, 2022 | benzinga.com

Here's How Much $1000 Invested In Canadian Natural Res 20 Years Ago Would Be Worth Today

June 27, 2022 | stocknews.com

Buy The Dip in This High-Rated Dividend Leader

June 23, 2022 | nasdaq.com

Canadian Natural Resources Breaks Below 200-Day Moving Average - Notable for CNQ

June 20, 2022 | finance.yahoo.com

The total return for Canadian Natural Resources (TSE:CNQ) investors has risen faster than earnings growth over the last three years

June 8, 2022 | finance.yahoo.com

Why Is Ovintiv (OVV) Up 41% Since Last Earnings Report?

June 7, 2022 | finance.yahoo.com

Are Oil Stocks Due For A Correction?

May 27, 2022 | finance.yahoo.com

Top Analyst Reports for Meta Platforms, Visa, & Verizon

May 27, 2022 | finance.yahoo.com

How Do Shareholders View Shell's (SHEL) Climate Goals?

May 26, 2022 | finance.yahoo.com

3 Best Stocks to Invest in for Stellar Earnings Growth

May 24, 2022 | finance.yahoo.com

Petrobras (PBR) Stock Up Since Posting Q1 Earnings Beat

May 17, 2022 | finance.yahoo.com

Canada Can Boost Oil Output by 900,000 Barrels a Day, Kenney Says

May 5, 2022 | nasdaq.com

Canadian Natural Resources (CNQ) Q1 Earnings and Revenues Top Estimates

May 5, 2022 | finance.yahoo.com

Are Oils-Energy Stocks Lagging Canadian Natural Resources Limited (CNQ) This Year?

May 5, 2022 | reuters.com

Canadian Natural posts higher quarterly profit on jump in crude prices

May 5, 2022 | finance.yahoo.com

Are Oils-Energy Stocks Lagging Canadian Natural Resources Limited (CNQ) This Year?

May 5, 2022 | theglobeandmail.com

Canadian Natural Resources posts higher quarterly profit on crude price surge

May 5, 2022 | seekingalpha.com

Canadian Natural Resources Non-GAAP EPS of C$2.86; reaffirms FY22 guidance

May 5, 2022 | nasdaq.com

Canadian Natural posts higher quarterly profit on crude price surge

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CNQ Company Calendar

Last Earnings: 8/05/2021
Today: 8/16/2022
Ex-Dividend for 8/31 Dividend: 8/22/2022
Dividend Payable: 8/31/2022
Ex-Dividend for 10/5 Dividend: 9/15/2022
Dividend Payable: 10/05/2022
Next Earnings (Estimated): 11/03/2022
Fiscal Year End: 12/31/2022

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Crude petroleum & natural gas
Sub-Industry: N/A
Sector: Oils/Energy
Current Symbol: NYSE:CNQ
CUSIP: N/A
CIK: 1017413
Web: www.cnrl.com
Phone: (403) 517-6700
Fax: 403-517-7350
Employees: 9,735
Year Founded: 1989

Price Target and Rating

Average Stock Price Forecast: $86.79
High Stock Price Forecast: $115.00
Low Stock Price Forecast: $53.00
Forecasted Upside/Downside: +60.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.62
Trailing P/E Ratio: 7.10
Forward P/E Ratio: 6.29
P/E Growth: 0.54
Net Income: $6.12 billion
Net Margins: 25.39%
Pretax Margin: 33.18%
Return on Equity: 31.63%
Return on Assets: 15.43%

Debt

Debt-to-Equity Ratio: 0.29
Current Ratio: 0.85
Quick Ratio: 0.65

Sales & Book Value

Annual Sales: $26.21 billion
Price / Sales: 2.32
Cash Flow: $8.63 per share
Price / Cash Flow: 6.27
Book Value: $25.22 per share
Price / Book: 2.15

Miscellaneous

Outstanding Shares: 1,123,620,000
Free Float: 1,067,441,000
Market Cap: $60.81 billion
Optionable: Optionable
Beta: 1.51

Social Links

Key Executives

Mr. Norman Murray Edwards O.C. (Age 62)
Exec. Chairman
Comp: $9.62M
Mr. Timothy Shawn McKay (Age 60)
Pres & Director
Comp: $5.51M
Mr. Mark A. Stainthorpe C.F.A. (Age 44)
CFO & Sr. VP of Fin.
Comp: $1.69M
Mr. Scott G. Stauth (Age 56)
Chief Operating Officer of Oil Sands
Comp: $2.23M
Mr. Darren M. Fichter (Age 51)
Chief Operating Officer of Exploration & Production
Comp: $1.82M
Mr. Ronald Dae Jung Kim C.A.
Principal Accounting Officer & VP of Fin.
Mr. Joy P. Romero (Age 65)
Vice-Pres of Technology & Innovation
Mr. Stephen C. Suche (Age 62)
Vice-Pres of Information & Corp. Services
Lance J. Casson
Mang. of Investor Relations
Paul M. Mendes (Age 56)
VP of Legal, Gen. Counsel & Corp. Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CNQ Stock - Frequently Asked Questions

Should I buy or sell Canadian Natural Resources stock right now?: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 2022?: 12 brokerages have issued twelve-month target prices for Canadian Natural Resources' shares. Their CNQ share price forecasts range from $53.00 to $115.00. On average, they anticipate the company's share price to reach $86.79 in the next year. This suggests a possible upside of 58.5% 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 2022?: Canadian Natural Resources' stock was trading at $42.25 on January 1st, 2022. Since then, CNQ shares have increased by 29.6% and is now trading at $54.74.
View the best growth stocks for 2022 here.
Are investors shorting Canadian Natural Resources?: Canadian Natural Resources saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 17,240,000 shares, a drop of 28.2% from the July 15th total of 24,020,000 shares. Based on an average daily trading volume, of 3,020,000 shares, the days-to-cover ratio is presently 5.7 days. Currently, 1.5% of the company's shares 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, November 3rd 2022.
View our CNQ earnings forecast.
How were Canadian Natural Resources' earnings last quarter?: 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 had revenue of $5.31 billion for the quarter, compared to the consensus estimate of $5.26 billion. Canadian Natural Resources had a net margin of 25.39% and a trailing twelve-month return on equity of 31.63%.
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 Friday, August 5th. Stockholders of record on Friday, September 16th will be paid a dividend of $0.5822 per share on Wednesday, October 5th. This represents a $2.33 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date of this dividend is Thursday, September 15th.
Read our dividend analysis for CNQ.
Is Canadian Natural Resources a good dividend stock?: Canadian Natural Resources (NYSE:CNQ) pays an annual dividend of $2.37 per share and currently has a dividend yield of 4.21%. 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 31.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 30.94% 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 a number of retail and institutional investors. Top institutional investors include FMR LLC (7.27%), TD Asset Management Inc. (1.68%), Yacktman Asset Management LP (1.49%), Bank of Nova Scotia (1.47%), Mackenzie Financial Corp (1.31%) and Toronto Dominion Bank (0.75%).
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 $54.74.
How much money does Canadian Natural Resources make?: Canadian Natural Resources (NYSE:CNQ) has a market capitalization of $61.51 billion and generates $26.21 billion in revenue each year. The oil and gas producer earns $6.12 billion in net income (profit) each year or $7.62 on an earnings per share basis.
How many employees does Canadian Natural Resources have?: The company employs 9,735 workers across the globe.
When was Canadian Natural Resources founded?: Canadian Natural Resources was founded in 1989.
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) 517-6700, via email at ir@cnrl.com, or via fax at 403-517-7350.

This page (NYSE:CNQ) was last updated on 8/16/2022 by MarketBeat.com Staff

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Canadian Natural Resources - CNQ Stock Forecast, Price & News

Canadian Natural Resources MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability