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. $62.13 +1.28 (+2.10%) (As of 01/27/2023 12:00 AM ET) Add Compare Share Share Today's Range$60.73▼$62.3050-Day Range$52.00▼$62.1352-Week Range$44.45▼$70.60Volume2.71 million shsAverage Volume1.90 million shsMarket Capitalization$68.53 billionP/E Ratio7.72Dividend Yield4.08%Price Target$91.23 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Canadian Natural Resources MarketRank™ ForecastAnalyst RatingModerate Buy2.56 Rating ScoreUpside/Downside46.8% Upside$91.23 Price TargetShort InterestHealthy2.66% of Float Sold ShortDividend StrengthStrongBased on Four FactorsSustainability-7.75Upright™ Environmental ScoreNews Sentiment0.85Based on 8 Articles This WeekInsider TradingN/AProj. Earnings Growth-22.13%From $8.36 to $6.51 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.2.74 out of 5 starsOils/Energy Sector36th out of 243 stocksCrude Petroleum & Natural Gas Industry17th out of 75 stocks 3.3 Analyst's Opinion Consensus RatingCanadian Natural Resources has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $91.23, Canadian Natural Resources has a forecasted upside of 46.8% from its current price of $62.13.Amount of Analyst CoverageCanadian Natural Resources has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted2.66% 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 12.4, which indicates bearish sentiment.Change versus previous monthShort interest in Canadian Natural Resources has recently decreased by 36.71%, indicating that investor sentiment is improving significantly. Previous Next 3.3 Dividend Strength Dividend LeadershipCanadian Natural Resources is a leading dividend payer. It pays a dividend yield of 4.08%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCanadian Natural Resources does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Canadian Natural Resources is 31.43%. 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 38.86% 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 3.8 News and Social Media Coverage News SentimentCanadian Natural Resources has a news sentiment score of 0.85. 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 0.52 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 8 news articles for Canadian Natural Resources this week, compared to 2 articles on an average week.Search Interest53 people have searched for CNQ on MarketBeat in the last 30 days. This is an increase of 8% compared to the previous 30 days.MarketBeat Follows26 people have added Canadian Natural Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 271% 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 -22.13% in the coming year, from $8.36 to $6.51 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Canadian Natural Resources is 7.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.06.Price to Earnings Ratio vs. SectorThe P/E ratio of Canadian Natural Resources is 7.72, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 44.94.Price to Earnings Growth RatioCanadian Natural Resources has a PEG Ratio of 0.75. 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 2.46. 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 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.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 HeadlinesJanuary 28, 2023 | marketbeat.comOur 2023 Gameplan (and 2 Dividends to Buy – but Not All at Once)January 27, 2023 | finance.yahoo.comCanadian Natural Resources Stock Earns IBD Rating UpgradeJanuary 29, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…January 27, 2023 | americanbankingnews.comCanadian Natural Resources Limited (NYSE:CNQ) Receives Average Recommendation of "Moderate Buy" from BrokeragesJanuary 27, 2023 | americanbankingnews.comHead to Head Review: Canadian Natural Resources (NYSE:CNQ) & Extraction Oil & Gas (OTCMKTS:XOGAQ)January 23, 2023 | finance.yahoo.comAre Energy Investors Overlooking These 3 Canadian E&P Stocks?January 22, 2023 | americanbankingnews.comCanadian Natural Resources Target of Unusually High Options Trading (NYSE:CNQ)January 22, 2023 | americanbankingnews.comCanadian Natural Resources Limited Forecasted to Earn Q4 2022 Earnings of $1.64 Per Share (NYSE:CNQ)January 29, 2023 | Porter & Company (Ad)Is This The End of Capitalism?EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…January 20, 2023 | americanbankingnews.comScotiabank Trims Canadian Natural Resources (NYSE:CNQ) Target Price to C$86.00January 12, 2023 | seekingalpha.comCanadian Natural Resources: 2023 Dividend Yield 5%, Together With Large Margin Of SafetyJanuary 10, 2023 | finance.yahoo.comCanadian Natural Resources Stock Sees IBD RS Rating Improve To 75January 10, 2023 | fool.ca2 Top TSX Energy Stocks to Buy in January 2023January 9, 2023 | msn.comCanadian Natural Res' Debt OverviewDecember 24, 2022 | finance.yahoo.comWhy The 25% Return On Capital At Canadian Natural Resources (TSE:CNQ) Should Have Your AttentionDecember 21, 2022 | investing.comCanadian Natural Resources Limited PT Lowered to $64 at Goldman SachsDecember 15, 2022 | marketwatch.comCanadian Natural Resources Ltd. stock falls Thursday, still outperforms marketDecember 14, 2022 | marketwatch.comCanadian Natural Resources Ltd. stock falls Wednesday, underperforms marketDecember 14, 2022 | seekingalpha.comCanadian Natural Resources: A Changing Story You Need To KnowDecember 12, 2022 | msn.comThis Favorable Sign Appears On Canadian Natural Res's ChartDecember 3, 2022 | markets.businessinsider.comAnalysts Are Bullish on Top Utilities Stocks: Canadian Natural (CNQ), Ampol Limited (CTXAF)November 30, 2022 | ca.finance.yahoo.comStocks in play: Canadian Natural ResourcesNovember 8, 2022 | finance.yahoo.comCanadian Natural Resources Third Quarter 2022 Earnings: EPS Misses ExpectationsNovember 7, 2022 | seekingalpha.comCanadian Natural: 22 Years Of Dividend Growth At 22% A YearNovember 6, 2022 | finance.yahoo.comCanadian Natural Resources (TSE:CNQ) Is Increasing Its Dividend To CA$0.85November 4, 2022 | finance.yahoo.comCanadian Natural Resources (CNQ) Q3 Earnings and Revenues Surpass EstimatesOctober 31, 2022 | finance.yahoo.comDo Canadian Natural Resources' (TSE:CNQ) Earnings Warrant Your Attention?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 Earnings11/03/2022Ex-Dividend for 1/5 Dividend12/15/2022Dividend Payable1/05/2023Today1/29/2023Next Earnings (Estimated)3/02/2023Fiscal 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) 517-6700Fax403-517-7350Employees9,735Year Founded1989Price Target and Rating Average Stock Price Forecast$91.23 High Stock Price Forecast$115.00 Low Stock Price Forecast$69.00 Forecasted Upside/Downside+46.8%Consensus RatingModerate Buy Rating Score (0-4)2.56 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$8.05 Trailing P/E Ratio7.72 Forward P/E Ratio7.43 P/E Growth0.75Net Income$6.12 billion Net Margins24.55% Pretax Margin32.39% Return on Equity34.75% Return on Assets17.12% Debt Debt-to-Equity Ratio0.30 Current Ratio0.78 Quick Ratio0.58 Sales & Book Value Annual Sales$26.21 billion Price / Sales2.61 Cash Flow$8.97 per share Price / Cash Flow6.93 Book Value$25.22 per share Price / Book2.46Miscellaneous Outstanding Shares1,102,940,000Free Float1,047,789,000Market Cap$68.53 billion OptionableOptionable Beta1.53 Social Links Key ExecutivesMr. Norman Murray Edwards O.C. (Age 63)Exec. Chairman Comp: $9.27MMr. Timothy Shawn McKay (Age 61)Pres & Director Comp: $5.31MMr. Mark A. Stainthorpe C.F.A. (Age 45)CFO & Sr. VP of Fin. Comp: $1.63MMr. Scott G. Stauth (Age 57)Chief Operating Officer of Oil Sands Comp: $2.15MMr. Darren M. Fichter (Age 52)Chief Operating Officer of Exploration & Production Comp: $1.75MMr. Ronald Dae Jung Kim C.A.Principal Accounting Officer & VP of Fin.Mr. Joy P. Romero (Age 66)Vice-Pres of Technology & Innovation Mr. Stephen C. Suche (Age 63)Vice-Pres of Information & Corp. Services Lance J. CassonMang. of Investor RelationsPaul M. Mendes (Age 57)VP of Legal, Gen. Counsel & Corp. Sec. More ExecutivesKey CompetitorsOccidental PetroleumNYSE:OXYPioneer Natural ResourcesNYSE:PXDENINYSE:EPetróleo Brasileiro S.A. - PetrobrasNYSE:PBREOG ResourcesNYSE:EOGView All CompetitorsInsiders & InstitutionsNatixis Advisors L.P.Sold 2,244 shares on 1/27/2023Ownership: 0.006%Joel Isaacson & Co. LLCBought 800 shares on 1/27/2023Ownership: 0.001%Advisory Resource GroupBought 10,427 shares on 1/27/2023Ownership: 0.001%Drive Wealth Management LLCBought 4,308 shares on 1/27/2023Ownership: 0.000%NatWest Group plcBought 4,061 shares on 1/27/2023Ownership: 0.000%View All Institutional Transactions CNQ Stock - Frequently Asked Questions Should I buy or sell Canadian Natural Resources stock right now? 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 4 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? 9 Wall Street research analysts have issued 12-month price objectives for Canadian Natural Resources' stock. Their CNQ share price forecasts range from $69.00 to $115.00. On average, they predict the company's share price to reach $91.23 in the next twelve months. This suggests a possible upside of 46.8% 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 at the beginning of 2023. Since then, CNQ stock has increased by 11.9% and is now trading at $62.13. View the best growth stocks for 2023 here. Are investors shorting Canadian Natural Resources? Canadian Natural Resources saw a decrease in short interest in the month of December. As of December 30th, there was short interest totaling 45,460,000 shares, a decrease of 18.4% from the December 15th total of 55,700,000 shares. Based on an average trading volume of 2,360,000 shares, the short-interest ratio is presently 19.3 days. Approximately 4.2% of the shares of the 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, March 2nd 2023. View our CNQ earnings forecast. How were Canadian Natural Resources' earnings last quarter? Canadian Natural Resources Limited (NYSE:CNQ) announced its quarterly earnings results on Thursday, November, 3rd. The oil and gas producer reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.28. The oil and gas producer earned $8.02 billion during the quarter, compared to the consensus estimate of $7.98 billion. Canadian Natural Resources had a trailing twelve-month return on equity of 34.75% and a net margin of 24.55%. 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, November 3rd. Stockholders of record on Friday, December 16th will be paid a dividend of $0.6237 per share on Thursday, January 5th. This represents a $2.49 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date is Thursday, December 15th. This is a boost from the stock's previous quarterly dividend of $0.58. Read our dividend analysis for CNQ. Is Canadian Natural Resources a good dividend stock? Canadian Natural Resources (NYSE:CNQ) pays an annual dividend of $2.53 per share and currently has a dividend yield of 4.08%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 31.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 38.86% 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 Yacktman Asset Management LP (1.38%), National Bank of Canada FI (1.14%), Addenda Capital Inc. (0.12%), Close Asset Management Ltd (0.09%), QV Investors Inc. (0.08%) and Baskin Financial Services Inc. (0.04%). 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 $62.13. How much money does Canadian Natural Resources make? Canadian Natural Resources (NYSE:CNQ) has a market capitalization of $68.53 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 $8.05 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) 517-6700, via email at ir@cnrl.com, or via fax at 403-517-7350. This page (NYSE:CNQ) was last updated on 1/29/2023 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. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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