Canadian Natural Resources - CNQ Stock Forecast, Price & News

10 Wall Street 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 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.
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10 brokerages have issued 12 month target prices 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 59.6% 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 shares have increased by 27.5% and is now trading at $53.85.
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Canadian Natural Resources saw a increase in short interest in 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 trading volume of 2,990,000 shares, the days-to-cover ratio is currently 22.5 days. Currently, 6.0% 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) posted its earnings results on Thursday, August, 4th. The oil and gas producer reported $2.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.08 by $0.47. The oil and gas producer earned $8.99 billion during the quarter, compared to the consensus estimate 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%.

Canadian Natural Resources announced 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 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Thursday, September 15th.
Read our dividend analysis for CNQ.

Canadian Natural Resources (NYSE:CNQ) pays an annual dividend of $2.29 per share and currently has a dividend yield of 4.27%. 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.

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 many different retail and institutional investors. Top institutional shareholders include Rempart Asset Management Inc. (0.03%).

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 $53.85.

Canadian Natural Resources (NYSE:CNQ) has a market capitalization of $60.01 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' 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.