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 - NEC
- Sub-Industry: N/A
- Symbol: NYSE:CNQ
- CUSIP: N/A
- Web: www.cnrl.com
- Market Cap: $34.4 billion
- Outstanding Shares: 1,117,185,000
- 50 Day Moving Avg: $28.92
- 200 Day Moving Avg: $30.67
- 52 Week Range: $27.52 - $35.28
Sales & Book Value:
- Trailing P/E Ratio: 289.62
- Foreward P/E Ratio: 15.95
- P/E Growth: 0.71
- Annual Revenue: $9.48 billion
- Price / Sales: 3.63
- Book Value: $18.70 per share
- Price / Book: 1.65
- Annual Dividend: $0.80
- Dividend Yield: 2.3%
- EBIDTA: $4.04 billion
- Net Margins: 1.05%
- Return on Equity: 0.54%
- Return on Assets: 0.24%
- Debt-to-Equity Ratio: 0.50%
- Current Ratio: 0.68%
- Quick Ratio: 0.58%
- Average Volume: 2.43 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 announced a quarterly dividend on Thursday, May 4th. Shareholders of record on Friday, June 16th will be given a dividend of $0.2014 per share on Saturday, July 1st. This represents a $0.81 annualized dividend and a yield of 2.62%. The ex-dividend date of this dividend is Wednesday, June 14th. 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 of Directors has approved a stock repurchase plan on Sunday, June 4th 2017, which permits the company to buyback 54,640,000 shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its stock is undervalued.
How were Canadian Natural Resources Limited's earnings last quarter?
Canadian Natural Resources Limited (NYSE:CNQ) announced its quarterly earnings results on Thursday, March, 2nd. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.07 by $0.23. The company earned $2.75 billion during the quarter, compared to analysts' expectations of $2.52 billion. Canadian Natural Resources Limited had a net margin of 1.05% and a return on equity of 0.54%. View Canadian Natural Resources Limited's Earnings History.
Where is Canadian Natural Resources Limited's stock going? Where will Canadian Natural Resources Limited's stock price be in 2017?
15 equities research analysts have issued twelve-month price objectives for Canadian Natural Resources Limited's shares. Their forecasts range from $33.00 to $64.00. On average, they anticipate Canadian Natural Resources Limited's share price to reach $46.50 in the next twelve months. View Analyst Ratings for Canadian Natural Resources Limited.
Are investors shorting Canadian Natural Resources Limited?
Canadian Natural Resources Limited saw a increase in short interest in the month of July. As of July 14th, there was short interest totalling 11,716,021 shares, an increase of 33.9% from the June 30th total of 8,748,609 shares. Based on an average daily trading volume, of 2,102,327 shares, the days-to-cover ratio is presently 5.6 days. Currently, 1.1% of the company's shares are short sold.
Who are some of Canadian Natural Resources Limited's key competitors?
Some companies that are related to Canadian Natural Resources Limited include EOG Resources (EOG), ConocoPhillips (COP), CNOOC Limited (CEO), Occidental Petroleum Corporation (OXY), Williams Partners LP (WPZ), Pioneer Natural Resources Company (PXD), Anadarko Petroleum Corporation (APC), Concho Resources (CXO), Apache Corporation (APA), Devon Energy Corporation (DVN), Noble Energy (NBL), Continental Resources (CLR), Cabot Oil & Gas Corporation (COG), EQT Corporation (EQT), Marathon Oil Corporation (MRO), Encana Corporation (ECA), Diamondback Energy (FANG) and Cimarex Energy Co (XEC).
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
ROYAL DUTCH SHELL PLC
(8.00%), Jarislowsky Fraser Ltd (1.91%), Beutel Goodman & Co Ltd. (1.80%), Marathon Asset Management LLP (0.34%), Russell Investments Group Ltd. (0.30%) and Cardinal Capital Management Inc. (0.14%). View Institutional Ownership Trends for Canadian Natural Resources Limited.
Who sold Canadian Natural Resources Limited stock? Who is selling Canadian Natural Resources Limited stock?
Canadian Natural Resources Limited's stock was sold by a variety of institutional investors in the last quarter, including Jarislowsky Fraser Ltd, Russell Investments Group Ltd., Beutel Goodman & Co Ltd., APG Asset Management N.V., DORCHESTER WEALTH MANAGEMENT Co, Aperio Group LLC, Roanoke Asset Management Corp NY and Capstone Asset Management Co.. View Insider Buying and Selling for Canadian Natural Resources Limited.
Who bought Canadian Natural Resources Limited stock? Who is buying Canadian Natural Resources Limited stock?
Canadian Natural Resources Limited's stock was acquired by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, Mn Services Vermogensbeheer B.V., US Bancorp DE, Cardinal Capital Management Inc., NN Investment Partners Holdings N.V., Greenleaf Trust and Gulf International Bank UK Ltd. View Insider Buying and Selling for Canadian Natural Resources Limited.
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?
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.
One share of Canadian Natural Resources Limited stock can currently be purchased for approximately $30.79.
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, 12 Buy Ratings, 1 Strong Buy Rating|
|Consensus Rating:||Buy (Score: 2.93)|
|Consensus Price Target: ||$46.50 (51.02% upside)|
Analysts' Ratings History for Canadian Natural Resources Limited (NYSE:CNQ)
(Data available from 7/26/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/21/2017||Citigroup Inc.||Downgrade||Buy -> Neutral||$40.00 -> $33.00||High|
|7/19/2017||Morgan Stanley||Upgrade||Equal Weight -> Overweight||$46.00||Low|
|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|
|3/11/2017||Canaccord Genuity||Reiterated Rating||Buy||$47.00||N/A|
|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|
|12/15/2016||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|
|6/16/2016||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|
|10/8/2015||Wolfe Research||Upgrade||Underperform -> Market Perform||N/A|
Earnings History for Canadian Natural Resources Limited (NYSE:CNQ)Earnings History by Quarter for Canadian Natural Resources Limited (NYSE CNQ)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|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|
|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|
Earnings Estimates for Canadian Natural Resources Limited (NYSE:CNQ)
Current Year EPS Consensus Estimate: $1.04 EPS
Next Year EPS Consensus Estimate: $1.93 EPS
Current Dividend Information for Canadian Natural Resources Limited (NYSE:CNQ)
|Most Recent Dividend:||7/1/2017|
|Dividend Growth:||3.90% (3 Year Average)|
|Payout Ratio:||888.89% (Trailing 12 Months of Earnings) |
76.92% (Based on This Year's Estimates)
41.45% (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)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
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)
|Canadian Natural Resources Limited (NYSE:CNQ) Receives Consensus Recommendation of "Buy" from Analysts|
www.americanbankingnews.com - July 25 at 9:32 AM
|Zacks Industry Outlook Highlights: Canadian Natural Resources, Jones Energy, Gulfport Energy, Cheniere Energy and Antero Resources|
finance.yahoo.com - July 24 at 11:18 AM
|Canadian Natural Resources Limited Announces Filing of Preliminary Medium Term Notes Shelf Prospectus|
finance.yahoo.com - July 22 at 10:29 PM
|Canadian Natural Resources Limited (CNQ) Lowered to Neutral at Citigroup Inc.|
www.americanbankingnews.com - July 21 at 7:52 AM
|Canadian Natural Resources Limited Announces Filing of Preliminary Shelf Prospectuses|
finance.yahoo.com - July 21 at 12:18 AM
|UPDATE: Morgan Stanley Upgrades Canadian Natural Resources Limited (CNQ) to Overweight - StreetInsider.com|
www.streetinsider.com - July 19 at 11:45 PM
|Canadian Natural Resources Limited (NYSE:CNQ) Downgraded by Zacks Investment Research|
www.americanbankingnews.com - July 19 at 9:50 PM
|Canadian Natural Resources Ltd. breached its 50 day moving average in a Bullish Manner : CNQ-US : July 18, 2017|
finance.yahoo.com - July 19 at 6:31 PM
|Canadian Natural Resources Limited (NYSE:CNQ) Rating Increased to Overweight at Morgan Stanley|
www.americanbankingnews.com - July 19 at 10:32 AM
|The Zacks Analyst Blog Highlights: Canadian Natural Resources, Suncor Energy, Baker Hughes, a GE, Petrobras and Repsol|
finance.yahoo.com - July 17 at 5:43 PM
|Magellan's (MMP) Longhorn Pipeline Resumes Operation|
finance.yahoo.com - July 17 at 5:43 PM
|Enterprise Products to Build Ethylene Export Terminal - Nasdaq|
www.nasdaq.com - July 15 at 12:27 AM
|US Shale Players Return to Oil & Gas Patches - Nasdaq|
www.nasdaq.com - July 10 at 10:25 PM
|$2.50 Billion in Sales Expected for Canadian Natural Resources Limited (CNQ) This Quarter|
www.americanbankingnews.com - July 5 at 10:46 AM
|Canadian Natural Resources Limited (NYSE:CNQ) Expected to Announce Earnings of $0.21 Per Share|
www.americanbankingnews.com - July 3 at 2:32 PM
|Canadian Natural Resources Limited (NYSE:CNQ) Upgraded to "Sell" by BidaskClub|
www.americanbankingnews.com - July 1 at 12:44 AM
|Canadian Natural Resources Limited (CNQ) Receives Average Rating of "Buy" from Analysts|
www.americanbankingnews.com - June 30 at 10:10 AM
|Canadian Natural Resources Limited (CNQ) Now Covered by National Bank Financial|
www.americanbankingnews.com - June 27 at 12:24 PM
|Goldman Sachs Group, Inc. (The) Reaffirms "Buy" Rating for Canadian Natural Resources Limited (CNQ)|
www.americanbankingnews.com - June 25 at 7:11 AM
|Reviewing Goodrich Petroleum Corp (GDP) & Canadian Natural Resources Limited (CNQ)|
www.americanbankingnews.com - June 23 at 10:38 PM
|Inter Pipeline (Corridor) Inc. -- Moody's downgrades the rating of Inter Pipeline (Corridor) Inc.'s senior unsecured bonds to Baa1|
finance.yahoo.com - June 22 at 9:43 PM
|Schlumberger, HEAL to Develop Production Optimization System - Nasdaq|
www.nasdaq.com - June 22 at 10:56 AM
|Statoil's PDO of Njord and Bauge Gets Green Signal - Nasdaq|
www.nasdaq.com - June 22 at 10:56 AM
|Hess (HES) Downgraded to Sell on Escalating Debt & Weak Oil - Nasdaq|
www.nasdaq.com - June 22 at 10:56 AM
|Goldman Sachs Starts Canadian Natural Resources Limited (CNQ) at Buy - StreetInsider.com|
www.streetinsider.com - June 22 at 10:56 AM
|Chevron Spared of $9.5B Fine in Ecuador Case by US Court|
finance.yahoo.com - June 20 at 5:03 PM
|3 Low-Risk Energy Stocks With Promising Upside - The Motley Fool Canada|
www.fool.ca - June 13 at 12:36 PM
|Canadian Natural Resources Limited (CNQ) Ex-Dividend Date Scheduled for June 14, 2017 - Nasdaq|
www.nasdaq.com - June 13 at 12:36 PM
|Eni to Begin Oil Production from Sankofa Ahead of Schedule|
finance.yahoo.com - June 12 at 5:23 PM
|Cabot's Marcellus Presence Impress, Falling Gas Prices a Woe - Nasdaq|
www.nasdaq.com - June 9 at 9:59 PM
|Enbridge (ENB) Chalks Out Oil & Gas Pipeline Expansion Plans|
finance.yahoo.com - June 9 at 4:59 PM
| Brokerages Anticipate Canadian Natural Resource Ltd (CNQ) Will Post Quarterly Sales of $2.50 Billion|
www.americanbankingnews.com - June 9 at 1:52 PM
|Zacks: Brokerages Anticipate Canadian Natural Resource Ltd (CNQ) to Post $0.24 EPS|
www.americanbankingnews.com - June 7 at 12:24 PM
|Canadian Natural Resource Ltd (CNQ) Given Average Recommendation of "Buy" by Brokerages|
www.americanbankingnews.com - June 5 at 9:56 AM
|Canadian Natural Resource (CNQ) to Repurchase 27,930,000 Outstanding Shares|
www.americanbankingnews.com - June 4 at 11:28 AM
|Canadian Natural Resource (CNQ) to Buyback 54,640,000 Outstanding Shares|
www.americanbankingnews.com - June 4 at 11:09 AM
|Canadian Natural Resource (CNQ) to Repurchase 54,640,000 Stock |
www.americanbankingnews.com - June 4 at 11:08 AM
|U.S. Crude Supplies Slump Amid Record Refining|
finance.yahoo.com - June 2 at 5:52 PM
|Marathon Petroleum (MPC) to Buy Back Shares Worth Up to $3B|
finance.yahoo.com - June 1 at 5:00 PM
|ETFs with exposure to Canadian Natural Resources Ltd. : May 30, 2017|
finance.yahoo.com - May 30 at 4:25 PM
|CNQ January 2019 Options Begin Trading|
www.nasdaq.com - May 30 at 12:00 PM
|Canadian Natural Resources Ltd. :CNQ-US: Earnings Analysis: Q1, 2017 By the Numbers : May 29, 2017|
finance.yahoo.com - May 29 at 11:58 AM
|Petrobras (PBR) Announces Plans to Sell Assets in Amazon|
finance.yahoo.com - May 26 at 4:55 PM
|Sinopec Starts Developing the Largest Gas Facility in China|
finance.yahoo.com - May 26 at 4:54 PM
|Shell to Divest Canadian Natural Stake Worth $3 Billion - Nasdaq|
www.nasdaq.com - May 25 at 11:21 PM
|Statoil Gets Permission to Start Gina Krog Field Production|
finance.yahoo.com - May 25 at 5:58 PM
|Shell to Divest Canadian Natural Stake Worth $3 Billion|
finance.yahoo.com - May 25 at 5:58 PM
|Shell, ConocoPhillips oil sands share selloff risks flooding market - Reuters|
www.reuters.com - May 25 at 2:18 AM
|Canadian Natural Resources Limited Prices US$3.0 Billion in 5.5, 10 and 30 Year Unsecured Notes|
finance.yahoo.com - May 24 at 12:43 PM
|EIA Says U.S. Crude Supplies Declined for the Sixth Week|
finance.yahoo.com - May 19 at 4:17 PM
Canadian Natural Resources Limited (CNQ) Chart for Wednesday, July, 26, 2017