Canadian Natural Resources Stock Forecast, Price & News

$34.59
-0.77 (-2.18 %)
(As of 09/16/2021 12:00 AM ET)
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Today's Range
$34.47
$35.13
50-Day Range
$30.40
$35.76
52-Week Range
$14.85
$38.10
Volume6.51 million shs
Average Volume3.25 million shs
Market Capitalization$41.03 billion
P/E Ratio12.72
Dividend Yield4.41%
Beta1.89
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About Canadian Natural Resources

Canadian 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 in maintaining pipeline operations and investment. The Exploration & Production segment comprises operations in North America, largely in Western Canada; the United Kingdom portion of the North Sea; and Côte d'Ivoire and South Africa in Offshore Africa. The company was founded on November 7, 1973 and is headquartered in Calgary, Canada.

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MarketRank

Overall MarketRank

2.93 out of 5 stars

Oils/Energy Sector

11th out of 346 stocks

Crude Petroleum & Natural Gas Industry

6th out of 111 stocks

Analyst Opinion: 4.4Community Rank: 4.8Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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Canadian Natural Resources (NYSE:CNQ) Frequently Asked Questions

Is Canadian Natural Resources a buy right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 2 hold ratings and 13 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Canadian Natural Resources stock.
View analyst ratings for Canadian Natural Resources
or view top-rated stocks.

What stocks does MarketBeat like better than Canadian Natural Resources?

Wall Street analysts have given Canadian Natural Resources a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Canadian Natural Resources wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Canadian Natural Resources' next earnings date?

Canadian Natural Resources is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Canadian Natural Resources
.

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 the Zacks' consensus estimate of $0.77 by $0.22. The oil and gas producer earned $5.31 billion during the quarter, compared to analyst estimates of $5.26 billion. Canadian Natural Resources had a net margin of 17.14% and a trailing twelve-month return on equity of 9.05%.
View Canadian Natural Resources' earnings history
.

How has Canadian Natural Resources' stock been impacted by COVID-19 (Coronavirus)?

Canadian Natural Resources' stock was trading at $15.08 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CNQ stock has increased by 129.4% and is now trading at $34.59.
View which stocks have been most impacted by COVID-19
.

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 6th. Stockholders of record on Friday, September 17th will be given a dividend of $0.3748 per share on Tuesday, October 5th. This represents a $1.50 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Thursday, September 16th.
View Canadian Natural Resources' dividend history
.

Is Canadian Natural Resources a good dividend stock?

Canadian Natural Resources pays an annual dividend of $1.56 per share and currently has a dividend yield of 4.41%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
View Canadian Natural Resources' dividend history.

What price target have analysts set for CNQ?

15 brokers have issued twelve-month price objectives for Canadian Natural Resources' stock. Their forecasts range from $31.00 to $64.50. On average, they expect Canadian Natural Resources' stock price to reach $51.18 in the next twelve months. This suggests a possible upside of 48.0% from the stock's current price.
View analysts' price targets for Canadian Natural Resources
or view top-rated stocks among Wall Street analysts.

Who are Canadian Natural Resources' key executives?

Canadian Natural Resources' management team includes the following people:
  • Tim Shawn McKay, President, Chief Operating Officer & Director
  • Mark A. Stainthorpe, Chief Financial Officer & Senior VP-Finance
  • Joy P. Romero, Vice President-Technology & Innovation
  • Stephen C. Suche, Vice President-Information & Corporate Services
  • Murray G. Harris, VP, Financial Controller & Horizon Accounting

What is Tim S. McKay's approval rating as Canadian Natural Resources' CEO?

6 employees have rated Canadian Natural Resources CEO Tim S. McKay on Glassdoor.com. Tim S. McKay has an approval rating of 96% among Canadian Natural Resources' employees. This puts Tim S. McKay in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Canadian Natural Resources' key competitors?

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 investors include FMR LLC (4.69%), Vanguard Group Inc. (3.01%), Canada Pension Plan Investment Board (2.15%), Mackenzie Financial Corp (1.59%), 1832 Asset Management L.P. (1.44%) and Invesco Ltd. (1.27%).

Which institutional investors are selling Canadian Natural Resources stock?

CNQ stock was sold by a variety of institutional investors in the last quarter, including Caisse DE Depot ET Placement DU Quebec, Canada Pension Plan Investment Board, Public Sector Pension Investment Board, Goldman Sachs Group Inc., BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Morgan Stanley, Invesco Ltd., and Morgan Stanley.

Which institutional investors are buying Canadian Natural Resources stock?

CNQ stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Yacktman Asset Management LP, Amundi, Macquarie Group Ltd., Mackenzie Financial Corp, Mufg Securities Canada LTD., Marathon Asset Management LLP, and Toronto Dominion Bank.

How do I buy shares of Canadian Natural Resources?

Shares of CNQ 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 $34.59.

How much money does Canadian Natural Resources make?

Canadian Natural Resources has a market capitalization of $41.03 billion and generates $13.06 billion in revenue each year. The oil and gas producer earns $-324,730,000.00 in net income (profit) each year or ($0.43) on an earnings per share basis.

How many employees does Canadian Natural Resources have?

Canadian Natural Resources employs 9,993 workers across the globe.

When was Canadian Natural Resources founded?

Canadian Natural Resources was founded in 1989.

What is Canadian Natural Resources' official website?

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

Where are Canadian Natural Resources' headquarters?

Canadian Natural Resources is headquartered at 2100 855-2 STREET SW, CALGARY A0, T2P 4J8.

How can I contact Canadian Natural Resources?

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) 517-6700 or via email at [email protected]


This page was last updated on 9/16/2021 by MarketBeat.com Staff
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