NYSE:CNQ

Canadian Natural Resources Stock Forecast, Price & News

Top-Rated Dividend Stocks

$24.34

-0.30 (-1.22 %)

(As of 01/22/2021 12:00 AM ET)

Add

Compare

Today's Range

$23.85

Now: $24.34▼

$24.53

50-Day Range

$23.06

MA: $24.91▼

$27.14

52-Week Range

$6.71

Now: $24.34▼

$30.90

Volume2.85 million shs

Average Volume4.59 million shs

Market Capitalization$28.75 billion

P/E RatioN/A

Dividend Yield5.32%

Beta1.9

Canadian Natural Resources Limited explores for, develops, produces, and markets 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 assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2019, the company had gross proved crude oil, bitumen, SCO, and NGLs reserves totaled 9,917 million barrels; gross proved plus probable crude oil, bitumen, SCO, and NGLs reserves totaled 12,651 million barrels; proved natural gas reserves totaled 6,460 billion cubic feet; and gross proved plus probable natural gas reserves totaled 9,607 billion cubic feet. 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.

MarketRank^™

Overall MarketRank^™

2.40 out of 5 stars

Oils/Energy Sector

9th out of 669 stocks

Crude Petroleum & Natural Gas Industry

5th out of 247 stocks

4.4 Analyst's Opinion

Consensus Rating
Canadian Natural Resources has received a consensus rating of Buy. The company's average rating score is 2.79, and is based on 15 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $36.06, Canadian Natural Resources has a forecasted upside of 48.1% from its current price of $24.34.
Amount of Analyst Coverage
Canadian Natural Resources has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.8 Community Rank

Outperform Votes
Canadian Natural Resources has received 561 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Canadian Natural Resources has received 436 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Canadian Natural Resources has received 56.27% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Canadian Natural Resources and other stocks. Vote “Outperform” if you believe CNQ will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CNQ will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Canadian Natural Resources is a leading dividend payer. It pays a dividend yield of 5.32%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Canadian Natural Resources has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Canadian Natural Resources is 57.71%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
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.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Natural Resources insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 5.00% of the stock of Canadian Natural Resources is held by insiders.
Percentage Held by Institutions
66.50% 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.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Canadian Natural Resources are expected to grow in the coming year, from ($0.55) to $0.70 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Natural Resources is -67.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Natural Resources is -67.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Canadian Natural Resources has a P/B Ratio of 1.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Crude petroleum & natural gas

Sub-IndustryN/A

SectorOils/Energy

Current SymbolNYSE:CNQ

Previous Symbol

CUSIPN/A

CIK1017413

Webwww.cnrl.com

Phone403-517-7345

Employees10,180

Debt

Debt-to-Equity Ratio0.65

Current Ratio0.97

Quick Ratio0.71

Price-To-Earnings

Trailing P/E RatioN/A

Forward P/E RatioN/A

P/E GrowthN/A

Sales & Book Value

Annual Sales$18.38 billion

Price / Sales1.56

Cash Flow$5.70 per share

Price / Cash Flow4.27

Book Value$22.22 per share

Price / Book1.10

Profitability

EPS (Most Recent Fiscal Year)$2.27

Net Income$4.08 billion

Net Margins-3.03%

Return on Equity-1.74%

Return on Assets-0.76%

Miscellaneous

Outstanding Shares1,181,058,000

Market Cap$28.75 billion

Next Earnings Date3/4/2021 (Estimated)

OptionableOptionable

$24.34

-0.30 (-1.22 %)

(As of 01/22/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

Receive CNQ News and Ratings via Email

Sign-up to receive the latest news and ratings for CNQ and its competitors with MarketBeat's FREE daily newsletter.

Canadian Natural Resources (NYSE:CNQ) Frequently Asked Questions

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

Canadian Natural Resources' stock was trading at $15.08 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CNQ shares have increased by 61.4% and is now trading at $24.34.
View which stocks have been most impacted by COVID-19.

Is Canadian Natural Resources a buy right now?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 4 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Canadian Natural Resources stock.
View analyst ratings for Canadian Natural Resources or view MarketBeat's top 5 stock picks.

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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Canadian Natural Resources wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Larry J. Merlo's approval rating as Canadian Natural Resources' CEO?

6,978 employees have rated Canadian Natural Resources CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Canadian Natural Resources' employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is Canadian Natural Resources' next earnings date?

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

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (NYSE:CNQ) announced its quarterly earnings data on Thursday, November, 5th. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.02 by $0.09. The oil and gas producer earned $3.38 billion during the quarter, compared to analysts' expectations of $3.81 billion. Canadian Natural Resources had a negative net margin of 3.03% and a negative return on equity of 1.74%. During the same quarter last year, the business earned $1.04 EPS.
View Canadian Natural Resources' earnings history.

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, November 6th. Shareholders of record on Wednesday, December 9th will be paid a dividend of $0.3236 per share on Tuesday, January 5th. This represents a $1.29 annualized dividend and a yield of 5.32%. The ex-dividend date of this dividend is Tuesday, December 8th. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.32.
View Canadian Natural Resources' dividend history.

Is Canadian Natural Resources a good dividend stock?

Canadian Natural Resources pays an annual dividend of $1.31 per share and currently has a dividend yield of 5.32%. 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.

What price target have analysts set for CNQ?

19 brokerages have issued 1 year target prices for Canadian Natural Resources' shares. Their forecasts range from $17.00 to $92.00. On average, they expect Canadian Natural Resources' stock price to reach $36.06 in the next year. This suggests a possible upside of 48.1% from the stock's current price.
View analysts' price targets for Canadian Natural Resources or view Wall Street analyst' top-rated stocks.

Are investors shorting Canadian Natural Resources?

Canadian Natural Resources saw a increase in short interest in December. As of December 31st, there was short interest totaling 8,510,000 shares, an increase of 23.7% from the December 15th total of 6,880,000 shares. Based on an average daily trading volume, of 3,360,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.7% of the company's stock are sold short.
View Canadian Natural Resources' Short Interest.

Who are some of Canadian Natural Resources' key competitors?

Some companies that are related to Canadian Natural Resources include Petróleo Brasileiro S.A. - Petrobras (PBR), PETROLEO BRASIL/S (PBR.A), PetroChina (PTR), CNOOC (CEO), ENI (E), EOG Resources (EOG), RWE Aktiengesellschaft (RWEOY), Ecopetrol (EC), The Hong Kong and China Gas (HOKCY), Pioneer Natural Resources (PXD), Occidental Petroleum (OXY), Woodside Petroleum (WOPEY), Denbury (DEN), Concho Resources (CXO) and Toray Industries (TRYIY).
View all of CNQ's 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).

Who are Canadian Natural Resources' key executives?

Canadian Natural Resources' management team includes the following people:

Mr. Norman Murray Edwards O.C., Exec. Chairman (Age 60)
Mr. Timothy Shawn McKay, Pres & Director (Age 58)
Mr. Mark A. Stainthorpe C.F.A., CFO & Sr. VP of Fin. (Age 42)
Mr. Scott G. Stauth, Chief Operating Officer of Oil Sands (Age 54)
Mr. Corey B. Bieber C.A., CA, Exec. Advisor (Age 56)
Mr. Ronald Dae Jung Kim C.A., Principal Accounting Officer & VP of Fin.
Mr. Joy P. Romero, Vice-Pres of Technology & Innovation (Age 63)
Mr. Stephen C. Suche, Vice-Pres of Information & Corp. Services (Age 60)
Paul M. Mendes, VP of Legal, Gen. Counsel & Corp. Sec. (Age 54)

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 institutional and retail investors. Top institutional investors include Addenda Capital Inc. (0.07%), DORCHESTER WEALTH MANAGEMENT Co (0.03%), Manning & Napier Group LLC (0.01%), Crossmark Global Holdings Inc. (0.01%), Pacifica Partners Inc. (0.00%) and Nexus Investment Management ULC (0.00%).

Which institutional investors are selling Canadian Natural Resources stock?

CNQ stock was sold by a variety of institutional investors in the last quarter, including Cardinal Capital Management Inc., Addenda Capital Inc., Manning & Napier Group LLC, Nexus Investment Management ULC, and DORCHESTER WEALTH MANAGEMENT Co.

Which institutional investors are buying Canadian Natural Resources stock?

CNQ stock was purchased by a variety of institutional investors in the last quarter, including OLD National Bancorp IN, Raymond James Trust N.A., Pacer Advisors Inc., Pacifica Partners Inc., Altfest L J & Co. Inc., Crossmark Global Holdings Inc., and JustInvest LLC.

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.

What is Canadian Natural Resources' stock price today?

One share of CNQ stock can currently be purchased for approximately $24.34.

How big of a company is Canadian Natural Resources?

Canadian Natural Resources has a market capitalization of $28.75 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.

What is Canadian Natural Resources' official website?

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

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 403-517-7345 or via email at [email protected]

This page was last updated on 1/23/2021 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

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 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.

Start Your Risk-Free Trial Subscription Here