Canadian Natural Resources Stock Forecast, Price & News

18 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 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Canadian Natural Resources stock.
View analyst ratings for Canadian Natural Resources or view top-rated stocks.

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Canadian Natural Resources saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 6,270,000 shares, a drop of 36.9% from the February 28th total of 9,930,000 shares. Based on an average trading volume of 3,760,000 shares, the short-interest ratio is presently 1.7 days. Currently, 0.5% of the company's stock are sold short.
View Canadian Natural Resources' Short Interest.

Canadian Natural Resources is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for Canadian Natural Resources.

Canadian Natural Resources Limited (NYSE:CNQ) announced its quarterly earnings results on Wednesday, March, 3rd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.13 by $0.02. The oil and gas producer had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.83 billion. Canadian Natural Resources had a negative trailing twelve-month return on equity of 1.74% and a negative net margin of 3.03%.
View Canadian Natural Resources' earnings history.

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 (WHO). Since then, CNQ shares have increased by 104.5% and is now trading at $30.84.
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Canadian Natural Resources announced a quarterly dividend on Monday, March 8th. Stockholders of record on Friday, March 19th will be paid a dividend of $0.3712 per share on Monday, April 5th. This represents a $1.48 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Thursday, March 18th. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.32.
View Canadian Natural Resources' dividend history.

Canadian Natural Resources pays an annual dividend of $1.31 per share and currently has a dividend yield of 4.17%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Canadian Natural Resources does not yet have a strock track record of dividend growth. The dividend payout ratio of Canadian Natural Resources is 57.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Canadian Natural Resources will have a dividend payout ratio of 187.14% in the coming year. This indicates that Canadian Natural Resources may not be able to sustain their current dividend.
View Canadian Natural Resources' dividend history.

18 analysts have issued 1-year price objectives for Canadian Natural Resources' stock. Their forecasts range from $17.00 to $92.00. On average, they expect Canadian Natural Resources' share price to reach $41.39 in the next twelve months. This suggests a possible upside of 34.2% from the stock's current price.
View analysts' price targets for Canadian Natural Resources or view top-rated stocks among Wall Street analysts.

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.

Some companies that are related to Canadian Natural Resources include Total (TOT), PetroChina (PTR), CNOOC (CEO), PETROLEO BRASIL/S (PBR.A), Petróleo Brasileiro S.A. - Petrobras (PBR), ENI (E), EOG Resources (EOG), Pioneer Natural Resources (PXD), The Hong Kong and China Gas (HOKCY), Ecopetrol (EC), RWE Aktiengesellschaft (RWEOY), Denbury (DEN), Occidental Petroleum (OXY), Woodside Petroleum (WOPEY) and Cenovus Energy (CVE).
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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).

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

Canadian Natural Resources' stock is owned by many different institutional and retail investors. Top institutional investors include QV Investors Inc. (0.18%), Calamos Advisors LLC (0.01%), Miller Howard Investments Inc. NY (0.01%), JCIC Asset Management Inc. (0.01%), Crossmark Global Holdings Inc. (0.01%) and Pacifica Partners Inc. (0.01%).

CNQ stock was sold by a variety of institutional investors in the last quarter, including Miller Howard Investments Inc. NY, QV Investors Inc., Clear Street Markets LLC, Crossmark Global Holdings Inc., Cardinal Capital Management Inc., Scout Investments Inc., Nexus Investment Management ULC, and Pacer Advisors Inc..

CNQ stock was purchased by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Calamos Wealth Management LLC, Pacifica Partners Inc., Fulton Bank N.A., JCIC Asset Management Inc., Harbor Investment Advisory LLC, and Cordasco Financial Network.

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.
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One share of CNQ stock can currently be purchased for approximately $30.84.

Canadian Natural Resources has a market capitalization of $36.56 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.

Canadian Natural Resources was founded in 1989.

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

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

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]