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NYSE:CNQ

Canadian Natural Resources - CNQ Stock Forecast, Price & News

$52.58
+2.42 (+4.82%)
(As of 10/4/2022 12:16 PM ET)
Add
Compare
Today's Range
$51.11
$52.84
50-Day Range
$44.78
$57.99
52-Week Range
$37.25
$70.60
Volume
133,770 shs
Average Volume
2.67 million shs
Market Capitalization
$58.60 billion
P/E Ratio
6.90
Dividend Yield
4.91%
Price Target
$85.93

Canadian Natural Resources MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
66.5% Upside
$85.93 Price Target
Short Interest
Bearish
5.95% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.75
Upright™ Environmental Score
News Sentiment
0.77mentions of Canadian Natural Resources in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-11.77%
From $8.92 to $7.87 Per Share

Overall MarketRank

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

2.30 out of 5 stars

Oils/Energy Sector

109th out of 257 stocks

Crude Petroleum & Natural Gas Industry

45th out of 81 stocks

CNQ stock logo

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.

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CNQ Company Calendar

Last Earnings
8/04/2022
Ex-Dividend for 8/31 Dividend
8/22/2022
Dividend Payable
8/31/2022
Ex-Dividend for 10/5 Dividend
9/15/2022
Today
10/04/2022
Dividend Payable
10/05/2022
Next Earnings (Estimated)
11/03/2022
Fiscal Year End
12/31/2022

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
$85.93
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$53.00
Forecasted Upside/Downside
+63.4%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
10 Analysts

Profitability

Net Income
$6.12 billion
Pretax Margin
33.18%

Debt

Sales & Book Value

Annual Sales
$26.21 billion
Cash Flow
$10.13 per share
Book Value
$25.22 per share

Miscellaneous

Outstanding Shares
1,114,420,000
Free Float
1,058,703,000
Market Cap
$58.60 billion
Optionable
Optionable
Beta
1.51

Social Links


Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 62)
    Exec. Chairman
    Comp: $9.5M
  • Mr. Timothy Shawn McKay (Age 60)
    Pres & Director
    Comp: $5.44M
  • Mr. Mark A. Stainthorpe C.F.A. (Age 44)
    CFO & Sr. VP of Fin.
    Comp: $1.67M
  • Mr. Scott G. Stauth (Age 56)
    Chief Operating Officer of Oil Sands
    Comp: $2.2M
  • Mr. Darren M. Fichter (Age 51)
    Chief Operating Officer of Exploration & Production
    Comp: $1.79M
  • 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.













CNQ Stock - Frequently Asked Questions

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

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CNQ shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNQ, but not buy additional shares or sell existing shares.
View CNQ analyst ratings
or view top-rated stocks.

What is Canadian Natural Resources' stock price forecast for 2022?

10 Wall Street research analysts have issued 12-month price targets for Canadian Natural Resources' stock. Their CNQ share price forecasts range from $53.00 to $115.00. On average, they expect the company's stock price to reach $85.93 in the next year. This suggests a possible upside of 63.9% 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 at the start of the year. Since then, CNQ shares have increased by 24.1% and is now trading at $52.42.
View the best growth stocks for 2022 here
.

Are investors shorting Canadian Natural Resources?

Canadian Natural Resources saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 67,280,000 shares, an increase of 23.3% from the August 31st total of 54,580,000 shares. Based on an average daily volume of 2,990,000 shares, the short-interest ratio is currently 22.5 days. Currently, 6.0% of the shares of the company 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) announced its quarterly earnings results on Thursday, August, 4th. The oil and gas producer reported $2.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.08 by $0.47. The oil and gas producer earned $8.99 billion during the quarter, compared to analyst estimates of $7.84 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. Shareholders of record on Friday, September 16th will be given a dividend of $0.5822 per share on Wednesday, October 5th. This represents a $2.33 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date 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 $2.29 per share and currently has a dividend yield of 4.91%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 30.05%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 29.10% 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 variety of retail and institutional investors. Top institutional investors include Rempart Asset Management Inc. (0.03%).

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 $52.42.

How much money does Canadian Natural Resources make?

Canadian Natural Resources (NYSE:CNQ) has a market capitalization of $58.42 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.

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 10/4/2022 by MarketBeat.com Staff

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