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S&P 500   3,977.53
DOW   32,432.08
QQQ   308.76
Can Carnival Cruise Lines Set Sail For New Highs? 
Modern Day Options Trading For Beginners! (Ad)pixel
BioNTech Is Ripe For A Rebound In 2023 
If Safety is Your Concern, Then Take a Look at Sandy Spring Bank
The gold catalyst we’ve waited for (Ad)
Sanofi, Regeneron Shares Pop On Big News About COPD Treatment
Finland's NATO membership: What's next?
The gold catalyst we’ve waited for (Ad)
3 Small Financial Software Makers Showing Strong Chart Action
Will Investors Lose Their Shirts Chasing Gap's 6.8% Dividend?
S&P 500   3,977.53
DOW   32,432.08
QQQ   308.76
Can Carnival Cruise Lines Set Sail For New Highs? 
Modern Day Options Trading For Beginners! (Ad)pixel
BioNTech Is Ripe For A Rebound In 2023 
If Safety is Your Concern, Then Take a Look at Sandy Spring Bank
The gold catalyst we’ve waited for (Ad)
Sanofi, Regeneron Shares Pop On Big News About COPD Treatment
Finland's NATO membership: What's next?
The gold catalyst we’ve waited for (Ad)
3 Small Financial Software Makers Showing Strong Chart Action
Will Investors Lose Their Shirts Chasing Gap's 6.8% Dividend?
S&P 500   3,977.53
DOW   32,432.08
QQQ   308.76
Can Carnival Cruise Lines Set Sail For New Highs? 
Modern Day Options Trading For Beginners! (Ad)pixel
BioNTech Is Ripe For A Rebound In 2023 
If Safety is Your Concern, Then Take a Look at Sandy Spring Bank
The gold catalyst we’ve waited for (Ad)
Sanofi, Regeneron Shares Pop On Big News About COPD Treatment
Finland's NATO membership: What's next?
The gold catalyst we’ve waited for (Ad)
3 Small Financial Software Makers Showing Strong Chart Action
Will Investors Lose Their Shirts Chasing Gap's 6.8% Dividend?
NYSE:CNQ

Canadian Natural Resources - CNQ Stock Forecast, Price & News

$52.62
+1.22 (+2.37%)
(As of 03/27/2023 12:00 AM ET)
Add
Compare
Today's Range
$51.51
$53.06
50-Day Range
$50.00
$62.13
52-Week Range
$44.45
$70.60
Volume
2.00 million shs
Average Volume
2.82 million shs
Market Capitalization
$57.90 billion
P/E Ratio
7.17
Dividend Yield
5.02%
Price Target
$92.91

Canadian Natural Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
76.6% Upside
$92.91 Price Target
Short Interest
Bearish
6.69% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.75
Upright™ Environmental Score
News Sentiment
0.45mentions of Canadian Natural Resources in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-5.78%
From $5.88 to $5.54 Per Share

Overall MarketRank

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

2.26 out of 5 stars

Oils/Energy Sector

135th out of 247 stocks

Crude Petroleum & Natural Gas Industry

55th out of 80 stocks


CNQ stock logo

About Canadian Natural Resources (NYSE:CNQ) Stock

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 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.

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CNQ Stock News Headlines

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CNQ Canadian Natural Resources Limited
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Canadian Natural Resources Stock Earns IBD Rating Upgrade
See More Headlines
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CNQ Company Calendar

Last Earnings
8/05/2021
Ex-Dividend for 1/5 Dividend
12/15/2022
Dividend Payable
1/05/2023
Ex-Dividend for 4/5 Dividend
3/16/2023
Today
3/28/2023
Dividend Payable
4/05/2023
Next Earnings (Estimated)
5/04/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
9,735
Year Founded
1989

Price Target and Rating

Average Stock Price Forecast
$92.91
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$69.00
Forecasted Upside/Downside
+76.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$8.41 billion
Pretax Margin
32.40%

Debt

Sales & Book Value

Annual Sales
$49.53 billion
Cash Flow
$14.42 per share
Book Value
$26.62 per share

Miscellaneous

Outstanding Shares
1,100,342,000
Free Float
1,045,325,000
Market Cap
$57.90 billion
Optionable
Optionable
Beta
1.57

Social Links


Key Executives

  • Tim Shawn McKay
    President, Chief Operating Officer & Director
  • Trevor Cassidy
    Chief operating officer & Exploration
  • Mark A. Stainthorpe
    Chief Financial Officer & Senior VP-Finance
  • Stephen C. Suche
    Vice President-Information & Corporate Services
  • Sheldon Schroeder
    Vice President













CNQ Stock - Frequently Asked Questions

Should I buy or sell Canadian Natural Resources stock right now?

8 Wall Street 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 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 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 anticipate the company's stock price to reach $92.91 in the next twelve months. This suggests a possible upside of 76.6% 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 start of the year. Since then, CNQ shares have decreased by 5.2% and is now trading at $52.62.
View the best growth stocks for 2023 here
.

Are investors shorting Canadian Natural Resources?

Canadian Natural Resources saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 72,200,000 shares, an increase of 167.3% from the February 28th total of 27,010,000 shares. Based on an average daily volume of 2,180,000 shares, the short-interest ratio is currently 33.1 days. Approximately 6.7% 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) announced its quarterly earnings results on Thursday, August, 5th. The oil and gas producer reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.22. The oil and gas producer earned $5.31 billion during the quarter, compared to the consensus estimate 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. Stockholders of record on Friday, March 17th will be given a dividend of $0.676 per share on Wednesday, April 5th. This represents a $2.70 annualized dividend and a yield of 5.14%. The ex-dividend date is Thursday, March 16th. This is a boost 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 $2.63 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 35.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 47.47% 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 retail and institutional investors. Top institutional investors 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 $52.62.

How much money does Canadian Natural Resources make?

Canadian Natural Resources (NYSE:CNQ) has a market capitalization of $57.90 billion and generates $49.53 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 3/28/2023 by MarketBeat.com Staff