Canadian Natural Resources - CNQ Stock Forecast, Price & News

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CNQ shares.
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12 brokers have issued 1-year target prices for Canadian Natural Resources' shares. Their CNQ share price forecasts range from $53.00 to $115.00. On average, they anticipate the company's stock price to reach $86.79 in the next year. This suggests a possible upside of 59.1% from the stock's current price.
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Canadian Natural Resources' stock was trading at $42.25 on January 1st, 2022. Since then, CNQ stock has increased by 29.1% and is now trading at $54.55.
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Canadian Natural Resources saw a decrease in short interest in July. As of July 31st, there was short interest totaling 17,240,000 shares, a decrease of 28.2% from the July 15th total of 24,020,000 shares. Based on an average trading volume of 3,020,000 shares, the days-to-cover ratio is currently 5.7 days. Approximately 1.5% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CNQ earnings forecast.

Canadian Natural Resources Limited (NYSE:CNQ) issued its quarterly earnings data on Thursday, August, 5th. The oil and gas producer reported $0.99 EPS for the quarter, topping the consensus estimate of $0.77 by $0.22. The oil and gas producer had revenue of $5.31 billion for the quarter, compared to analysts' expectations of $5.26 billion. Canadian Natural Resources had a net margin of 25.39% and a trailing twelve-month return on equity of 31.63%.

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 dividend yield of 4.27%. The ex-dividend date is Thursday, September 15th.
Read our dividend analysis for CNQ.

Canadian Natural Resources (NYSE:CNQ) pays an annual dividend of $2.37 per share and currently has a dividend yield of 4.37%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 31.10%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 30.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNQ.

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.

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 a number of retail and institutional investors. Top institutional shareholders include FMR LLC (7.27%), TD Asset Management Inc. (1.68%), Yacktman Asset Management LP (1.49%), Bank of Nova Scotia (1.47%), Mackenzie Financial Corp (1.31%) and Toronto Dominion Bank (0.75%).

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.
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One share of CNQ stock can currently be purchased for approximately $54.55.

Canadian Natural Resources (NYSE:CNQ) has a market capitalization of $61.29 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.

The company employs 9,735 workers across the globe.

Canadian Natural Resources was founded in 1989.

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.