About Canadian Natural Resources Limited (NYSE:CNQ)
Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company's segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas. The Company's exploration and production operations are focused in North America in Western Canada, the United Kingdom portion of the North Sea, and Cote d'Ivoire, Gabon and South Africa in Offshore Africa. The Horizon Oil Sands Mining and Upgrading segment (Horizon) produces synthetic crude oil (SCO) through bitumen mining and upgrading operations. Midstream activities include the Company's pipeline operations, an electricity co-generation system and an investment in the North West Redwater Partnership (Redwater Partnership).
Industry, Sector and Symbol:
- Sector: Oils/Energy
- Industry: Oil & Gas Exploration and Production
- Sub-Industry: N/A
- Symbol: NYSE:CNQ
- CUSIP: N/A
- Web: www.cnrl.com
Capitalization:- Market Cap: $40.13 billion
- Outstanding Shares: 1,215,214,000
Average Prices:- 50 Day Moving Avg: $33.13
- 200 Day Moving Avg: $31.22
- 52 Week Range: $27.52 - $35.28
P/E:- Trailing P/E Ratio: 28.84
- Foreward P/E Ratio: 23.09
- P/E Growth: 12.75
Sales & Book Value:- Annual Revenue: $10.82 billion
- Price / Sales: 3.71
- Book Value: $20.98 per share
- Price / Book: 1.57
Dividend:- Annual Dividend: $0.88
- Dividend Yield: 2.7%
Profitability:- EBITDA: $5.09 billion
- Net Margins: 11.50%
- Return on Equity: 3.33%
- Return on Assets: 1.47%
Debt:- Debt-to-Equity Ratio: 0.69%
- Current Ratio: 0.80%
- Quick Ratio: 0.63%
Misc:- Average Volume: 1.90 million shs.
- Beta: 1.47
- Short Ratio: 3.43
Frequently Asked Questions for Canadian Natural Resources Limited (NYSE:CNQ)
What is Canadian Natural Resources Limited's stock symbol?
Canadian Natural Resources Limited trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNQ."
How often does Canadian Natural Resources Limited pay dividends? What is the dividend yield for Canadian Natural Resources Limited?
Canadian Natural Resources Limited declared a quarterly dividend on Thursday, August 3rd. Shareholders of record on Friday, September 15th will be paid a dividend of $0.2212 per share on Sunday, October 1st. This represents a $0.88 dividend on an annualized basis and a yield of 2.68%. The ex-dividend date is Thursday, September 14th. This is a boost from Canadian Natural Resources Limited's previous quarterly dividend of $0.20. View Canadian Natural Resources Limited's Dividend History.
How will Canadian Natural Resources Limited's stock buyback program work?
Canadian Natural Resources Limited announced that its board has authorized a share repurchase plan on Sunday, June 4th 2017, which authorizes the company to buyback 54,640,000 shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's management believes its stock is undervalued.
How were Canadian Natural Resources Limited's earnings last quarter?
Canadian Natural Resources Limited (NYSE:CNQ) posted its quarterly earnings results on Thursday, March, 2nd. The company reported $0.30 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.07 by $0.23. The firm had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.52 billion. Canadian Natural Resources Limited had a net margin of 11.50% and a return on equity of 3.33%. View Canadian Natural Resources Limited's Earnings History.
When will Canadian Natural Resources Limited make its next earnings announcement?
Where is Canadian Natural Resources Limited's stock going? Where will Canadian Natural Resources Limited's stock price be in 2017?
12 brokerages have issued 1-year target prices for Canadian Natural Resources Limited's stock. Their forecasts range from $33.00 to $64.00. On average, they anticipate Canadian Natural Resources Limited's share price to reach $47.90 in the next twelve months. View Analyst Ratings for Canadian Natural Resources Limited.
Who are some of Canadian Natural Resources Limited's key competitors?
Some companies that are related to Canadian Natural Resources Limited include ConocoPhillips (COP), CNOOC Limited (CEO), EOG Resources (EOG), Occidental Petroleum Corporation (OXY), Williams Partners LP (WPZ), Anadarko Petroleum Corporation (APC), Pioneer Natural Resources Company (PXD), Concho Resources (CXO), Devon Energy Corporation (DVN), Apache Corporation (APA), Continental Resources (CLR), Noble Energy (NBL), Marathon Oil Corporation (MRO), Cabot Oil & Gas Corporation (COG), Cimarex Energy Co (XEC), Encana Corporation (ECA), EQT Corporation (EQT) and Diamondback Energy (FANG).
Who are Canadian Natural Resources Limited's key executives?
Canadian Natural Resources Limited's management team includes the folowing people:
- Norman Murray Edwards, Executive Chairman of the Board
- Steve W. Laut, President, Director
- Corey B. Bieber, Chief Financial Officer, Senior Vice President - Finance
- Tim S. McKay, Chief Operating Officer
- Darren M. Fichter, Executive Vice President - Canadian Conventional
- Real M. Cusson, Senior Vice President - Marketing
- Real J. H. Doucet, Senior Vice President - Horizon Projects
- Allan E. Frankiw, Senior Vice President - Production
- Ronald K. Laing, Senior Vice President - Corporate Development and Land
- William R. Peterson, Senior Vice President - Development Operations
Who owns Canadian Natural Resources Limited stock?
Canadian Natural Resources Limited's stock is owned by a number of of retail and institutional investors. Top institutional investors include APG Asset Management N.V. (0.13%), Ingalls & Snyder LLC (0.12%), Barometer Capital Management Inc. (0.04%), Shell Asset Management Co. (0.02%) and DORCHESTER WEALTH MANAGEMENT Co (0.01%). View Institutional Ownership Trends for Canadian Natural Resources Limited.
Who bought Canadian Natural Resources Limited stock? Who is buying Canadian Natural Resources Limited stock?
How do I buy Canadian Natural Resources Limited stock?
Shares of Canadian Natural Resources Limited can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Canadian Natural Resources Limited's stock price today?
One share of Canadian Natural Resources Limited stock can currently be purchased for approximately $33.02.
MarketBeat Community Rating for Canadian Natural Resources Limited (NYSE CNQ)MarketBeat's community ratings are surveys of what our community members think about Canadian Natural Resources Limited and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Canadian Natural Resources Limited (NYSE:CNQ) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 2 Hold Ratings, 9 Buy Ratings, 1 Strong Buy Rating |
| Consensus Rating: | Buy (Score: 2.92) |
| Consensus Price Target: | $47.90 (45.06% upside) |
Consensus Price Target History for Canadian Natural Resources Limited (NYSE:CNQ)
Analysts' Ratings History for Canadian Natural Resources Limited (NYSE:CNQ)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 10/13/2017 | Morgan Stanley | Boost Price Target | Overweight | $46.00 -> $52.00 | N/A |  |
| 9/5/2017 | Canaccord Genuity | Reiterated Rating | Buy | $47.00 | Low | |
| 7/21/2017 | Citigroup Inc. | Downgrade | Buy -> Neutral | $40.00 -> $33.00 | High | |
| 6/27/2017 | National Bank Financial | Initiated Coverage | Outperform | | Low | |
| 6/22/2017 | Goldman Sachs Group, Inc. (The) | Reiterated Rating | Buy -> Buy | $36.00 | Low | |
| 3/10/2017 | Royal Bank Of Canada | Boost Price Target | Top Pick -> Top Pick | $55.00 -> $60.00 | Low | |
| 2/2/2017 | Desjardins | Upgrade | Hold -> Buy | $48.00 | N/A | |
| 1/27/2017 | TD Securities | Upgrade | Hold -> Buy | | N/A | |
| 1/14/2017 | Wells Fargo & Company | Reiterated Rating | Outperform | | N/A | |
| 12/16/2016 | Scotiabank | Reiterated Rating | Outperform | $45.00 | N/A | |
| 12/15/2016 | Instinet | Reiterated Rating | Buy | $44.00 -> $48.00 | N/A | |
| 10/28/2016 | Seaport Global Securities | Initiated Coverage | Hold | $64.00 | N/A | |
| 8/19/2016 | Bank of America Corporation | Initiated Coverage | Buy | $38.00 | N/A | |
| 8/5/2016 | J P Morgan Chase & Co | Boost Price Target | Overweight | $46.00 -> $47.00 | N/A | |
| 8/5/2016 | Macquarie | Upgrade | Neutral -> Outperform | | N/A | |
| 6/20/2016 | Nomura | Reiterated Rating | Buy | | N/A | |
| 6/16/2016 | Credit Suisse Group | Reiterated Rating | Buy | | N/A | |
| 5/19/2016 | Raymond James Financial, Inc. | Reiterated Rating | Outperform | | N/A | |
| 5/9/2016 | Barclays PLC | Reiterated Rating | Overweight | $36.00 -> $39.00 | N/A | |
| 3/7/2016 | CIBC | Reiterated Rating | Sector Outperform | $36.00 -> $40.00 | N/A | |
| 3/7/2016 | BMO Capital Markets | Reiterated Rating | Outperform | $34.00 -> $36.00 | N/A | |
| 1/12/2016 | Societe Generale | Reiterated Rating | Buy | $40.00 -> $35.00 | N/A | |
(Data available from 10/23/2015 forward)
Earnings History for Canadian Natural Resources Limited (NYSE:CNQ)Earnings History by Quarter for Canadian Natural Resources Limited (NYSE CNQ)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/2/2017 | | $0.07 | | | | | N/A | |
| 3/2/2017 | 12/31/2016 | $0.07 | $0.30 | $2.52 billion | $2.75 billion | View | Listen | |
| 8/4/2016 | Q116 | ($0.20) | ($0.19) | $1.80 billion | $2.55 billion | View | N/A | |
| 3/3/2016 | Q415 | ($0.12) | ($0.04) | $2.66 billion | $2.79 billion | View | N/A | |
| 11/5/2015 | Q315 | $0.11 | $0.10 | $2.88 billion | $3.11 billion | View | N/A | |
| 8/6/2015 | Q2 | ($0.12) | $0.19 | $3.08 billion | $3.66 billion | View | N/A | |
| 5/7/2015 | Q1 2015 | $0.04 | ($0.03) | $3.65 billion | $2.68 billion | View | N/A | |
| 3/5/2015 | Q4 | $0.78 | $0.56 | $5.06 billion | $3.88 billion | View | N/A | |
| 11/6/2014 | Q3 | $0.74 | $0.87 | $4.64 billion | $4.70 billion | View | N/A | |
| 8/7/2014 | Q214 | $0.91 | $0.93 | $5.24 billion | $6.11 billion | View | N/A | |
| 5/8/2014 | Q1 | $0.73 | $0.65 | $4.24 billion | $4.97 billion | View | N/A | |
| 3/6/2014 | Q4 | $0.52 | $0.52 | $4.04 billion | | View | N/A | |
| 11/7/2013 | | $0.94 | $0.85 | $4.55 billion | $5.28 billion | View | N/A | |
| 8/8/2013 | Q213 | $0.44 | $0.42 | $3.47 billion | $3.78 billion | View | N/A | |
| 5/2/2013 | Q113 | $0.44 | $0.37 | $9.13 billion | $4.10 billion | View | N/A | |
| 3/7/2013 | | $0.39 | $0.33 | $3.52 billion | | View | N/A | |
| 11/8/2012 | | $0.50 | $0.32 | $3.43 billion | | View | N/A | |
| 8/9/2012 | | $0.54 | $0.68 | | | View | N/A | |
| 5/3/2012 | | $0.43 | $0.27 | | | View | N/A | |
| 3/8/2012 | | $0.87 | $0.89 | | | View | N/A | |
| 11/3/2011 | | $0.64 | $0.65 | | | View | N/A | |
| 8/4/2011 | | $0.52 | $0.85 | | | View | N/A | |
| 5/5/2011 | | $0.41 | $0.21 | | | View | N/A | |
| 3/3/2011 | | $0.69 | $0.57 | | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Canadian Natural Resources Limited (NYSE:CNQ)2017 EPS Consensus Estimate: $0.36
2018 EPS Consensus Estimate: $2.09
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q4 2017 | 1 | $0.36 | $0.36 | $0.36 |
| Q1 2018 | 1 | $0.49 | $0.49 | $0.49 |
| Q2 2018 | 1 | $0.56 | $0.56 | $0.56 |
| Q3 2018 | 1 | $0.48 | $0.48 | $0.48 |
| Q4 2018 | 1 | $0.56 | $0.56 | $0.56 |
(Data provided by Zacks Investment Research)
Current Dividend Information for Canadian Natural Resources Limited (NYSE:CNQ)| Most Recent Dividend: | 10/1/2017 |
| Annual Dividend: | $0.88 |
| Dividend Yield: | 2.67% |
| Dividend Growth: | 3.90% (3 Year Average) |
| Payout Ratio: | 86.28% (Trailing 12 Months of Earnings)
108.64% (Based on This Year's Estimates)
61.54% (Based on Next Year's Estimates)
|
| Track Record: | 5 Years of Consecutive Dividend Growth |
Dividend History by Quarter for Canadian Natural Resources Limited (NYSE CNQ)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/3/2017 | quarterly | $0.22 | 2.79% | 9/14/2017 | 9/15/2017 | 10/1/2017 |
| 5/4/2017 | quarterly | $0.20 | 2.68% | 6/14/2017 | 6/16/2017 | 7/1/2017 |
| 3/2/2017 | quarterly | $0.21 | 2.47% | 3/15/2017 | 3/17/2017 | 4/1/2017 |
| 11/3/2016 | quarterly | $0.19 | 2.44% | 12/7/2016 | 12/9/2016 | 1/1/2017 |
| 8/4/2016 | quarterly | $0.18 | 2.33% | 9/14/2016 | 9/16/2016 | 10/1/2016 |
| 5/6/2016 | quarterly | $0.18 | 2.65% | 6/15/2016 | 6/17/2016 | 7/1/2016 |
| 3/4/2016 | quarterly | $0.17 | 2.63% | 3/16/2016 | 3/18/2016 | 4/1/2016 |
| 11/6/2015 | quarterly | $0.18 | 2.78% | 12/9/2015 | 12/11/2015 | 12/31/2015 |
| 8/7/2015 | quarterly | $0.18 | 2.81% | 9/9/2015 | 9/11/2015 | 10/1/2015 |
| 5/8/2015 | quarterly | $0.19 | 2.39% | 6/10/2015 | 6/12/2015 | 7/1/2015 |
| 3/5/2015 | quarterly | $0.19 | 2.48% | 3/12/2015 | 3/16/2015 | 4/1/2015 |
| 11/6/2014 | quarterly | $0.20 | 2.3% | 12/10/2014 | 12/12/2014 | 1/1/2015 |
| 8/7/2014 | quarterly | $0.21 | 2.01% | 9/10/2014 | 9/12/2014 | 10/1/2014 |
| 5/9/2014 | quarterly | $0.21 | 2.09% | 6/11/2014 | 6/13/2014 | 7/1/2014 |
| 3/6/2014 | quarterly | $0.20 | 2.18% | 3/13/2014 | 3/17/2014 | 4/1/2014 |
| 11/7/2013 | | $0.19 | | 12/11/2013 | 12/13/2013 | 1/1/2014 |
| 11/7/2013 | quarterly | $0.19 | 2.46% | 12/11/2013 | 12/13/2013 | 1/1/2014 |
| 8/9/2013 | quarterly | $0.12 | 1.58% | 9/11/2013 | 9/13/2013 | 10/1/2013 |
| 5/3/2013 | quarterly | $0.12 | 1.69% | 6/12/2013 | 6/14/2013 | 7/1/2013 |
| 3/7/2013 | quarterly | $0.13 | 1.56% | 3/14/2013 | 3/15/2013 | 4/1/2013 |
(Data available from 1/1/2013 forward)
Insider Trading History for Canadian Natural Resources Limited (NYSE:CNQ)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for Canadian Natural Resources Limited (NYSE:CNQ)
Latest Headlines for Canadian Natural Resources Limited (NYSE:CNQ)
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Canadian Natural Resources Limited (CNQ) Chart for Monday, October, 23, 2017
