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Expert who called the bottom of the 2020 and 2022 crashes releases new forecast: (Ad)pixel
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Biden to visit Arizona computer chip site, highlight jobs
S&P 500   3,941.26
DOW   33,596.34
QQQ   281.68
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Bear Market Expert Reveals His #1 Stock for November 2023  (Ad)pixel
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Is Autozone Ready To Rally For Another Profitable Lap?
Expert who called the bottom of the 2020 and 2022 crashes releases new forecast: (Ad)pixel
Trump Org. jury seeks clarity as deliberations continue
Biden to visit Arizona computer chip site, highlight jobs
S&P 500   3,941.26
DOW   33,596.34
QQQ   281.68
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Bear Market Expert Reveals His #1 Stock for November 2023  (Ad)pixel
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Is Autozone Ready To Rally For Another Profitable Lap?
Expert who called the bottom of the 2020 and 2022 crashes releases new forecast: (Ad)pixel
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NYSE:CNQ

Canadian Natural Resources - CNQ Stock Forecast, Price & News

$55.42
-1.71 (-2.99%)
(As of 12/6/2022 12:00 AM ET)
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Compare
Today's Range
$55.34
$57.69
50-Day Range
$45.25
$62.34
52-Week Range
$37.40
$70.60
Volume
2.17 million shs
Average Volume
3.00 million shs
Market Capitalization
$61.37 billion
P/E Ratio
6.88
Dividend Yield
4.01%
Price Target
$89.57

Canadian Natural Resources MarketRank™ Forecast

Analyst Rating
Hold
2.44 Rating Score
Upside/​Downside
61.6% Upside
$89.57 Price Target
Short Interest
Healthy
1.62% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.75
Upright™ Environmental Score
News Sentiment
0.99mentions of Canadian Natural Resources in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-14.33%
From $8.93 to $7.65 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.83 out of 5 stars

Oils/Energy Sector

29th out of 246 stocks

Crude Petroleum & Natural Gas Industry

17th out of 79 stocks

CNQ stock logo

About Canadian Natural Resources (NYSE:CNQ) Stock

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells 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 and refining assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2020, the company had total proved crude oil, bitumen, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, and NGLs reserves were 13,271 MMbbl; proved SCO reserves were 6,998 MMbbl; total proved plus probable SCO reserves were 7,535 MMbbl; proved natural gas reserves were 12,168 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 20,249 Bcf. 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.

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CNQ Company Calendar

Ex-Dividend for 10/5 Dividend
9/15/2022
Dividend Payable
10/05/2022
Last Earnings
11/03/2022
Today
12/07/2022
Ex-Dividend for 1/5 Dividend
12/15/2022
Fiscal Year End
12/31/2022
Dividend Payable
1/05/2023
Next Earnings (Estimated)
3/02/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
9,735
Year Founded
1989

Price Target and Rating

Average Stock Price Forecast
$89.57
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$66.00
Forecasted Upside/Downside
+61.6%
Consensus Rating
Hold
Rating Score (0-4)
2.44
Research Coverage
9 Analysts

Profitability

Net Income
$6.12 billion
Pretax Margin
32.39%

Debt

Sales & Book Value

Annual Sales
$26.21 billion
Cash Flow
$8.30 per share
Book Value
$25.22 per share

Miscellaneous

Outstanding Shares
1,107,305,000
Free Float
1,051,940,000
Market Cap
$61.37 billion
Optionable
Optionable
Beta
1.53

Social Links


Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 62)
    Exec. Chairman
    Comp: $9.09M
  • Mr. Timothy Shawn McKay (Age 60)
    Pres & Director
    Comp: $5.21M
  • Mr. Mark A. Stainthorpe C.F.A. (Age 44)
    CFO & Sr. VP of Fin.
    Comp: $1.6M
  • Mr. Scott G. Stauth (Age 56)
    Chief Operating Officer of Oil Sands
    Comp: $2.11M
  • Mr. Darren M. Fichter (Age 51)
    Chief Operating Officer of Exploration & Production
    Comp: $1.72M
  • Mr. Ronald Dae Jung Kim C.A.
    Principal Accounting Officer & VP of Fin.
  • Mr. Joy P. Romero (Age 65)
    Vice-Pres of Technology & Innovation
  • Mr. Stephen C. Suche (Age 62)
    Vice-Pres of Information & Corp. Services
  • Lance J. Casson
    Mang. of Investor Relations
  • Paul M. Mendes (Age 56)
    VP of Legal, Gen. Counsel & Corp. Sec.













CNQ Stock - Frequently Asked Questions

Should I buy or sell Canadian Natural Resources stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 5 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.
View CNQ analyst ratings
or view top-rated stocks.

What is Canadian Natural Resources' stock price forecast for 2023?

9 brokerages have issued 1-year price objectives for Canadian Natural Resources' shares. Their CNQ share price forecasts range from $66.00 to $115.00. On average, they expect the company's stock price to reach $89.57 in the next twelve months. This suggests a possible upside of 61.6% from the stock's current price.
View analysts price targets for CNQ
or view top-rated stocks among Wall Street analysts.

How have CNQ shares performed in 2022?

Canadian Natural Resources' stock was trading at $42.25 at the start of the year. Since then, CNQ stock has increased by 31.2% and is now trading at $55.42.
View the best growth stocks for 2022 here
.

Are investors shorting Canadian Natural Resources?

Canadian Natural Resources saw a decline in short interest in October. As of October 31st, there was short interest totaling 19,540,000 shares, a decline of 31.0% from the October 15th total of 28,320,000 shares. Based on an average daily trading volume, of 2,510,000 shares, the days-to-cover ratio is currently 7.8 days. Currently, 1.7% of the company's shares are sold short.
View Canadian Natural Resources' Short Interest
.

When is Canadian Natural Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our CNQ earnings forecast
.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (NYSE:CNQ) released its earnings results on Thursday, November, 3rd. The oil and gas producer reported $2.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.09 by $0.28. The oil and gas producer had revenue of $8.02 billion for the quarter, compared to the consensus estimate of $7.98 billion. Canadian Natural Resources had a net margin of 24.55% and a trailing twelve-month return on equity of 34.75%.

How often does Canadian Natural Resources pay dividends? What is the dividend yield for Canadian Natural Resources?

Canadian Natural Resources announced a quarterly dividend on Thursday, November 3rd. Shareholders of record on Friday, December 16th will be given a dividend of $0.6237 per share on Thursday, January 5th. This represents a $2.49 annualized dividend and a dividend yield of 4.50%. The ex-dividend date of this dividend is Thursday, December 15th. This is a boost from the stock's previous quarterly dividend of $0.58.
Read our dividend analysis for CNQ
.

Is Canadian Natural Resources a good dividend stock?

Canadian Natural Resources (NYSE:CNQ) pays an annual dividend of $2.29 per share and currently has a dividend yield of 4.01%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 28.45%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 29.93% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNQ.

What is Tim S. McKay's approval rating as Canadian Natural Resources' CEO?

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.

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).

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 number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (3.65%), Canada Pension Plan Investment Board (1.86%), TD Asset Management Inc. (1.67%), Mackenzie Financial Corp (1.42%), Yacktman Asset Management LP (1.42%) and CIBC Asset Management Inc (1.10%).

How do I buy shares of Canadian Natural Resources?

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.
Compare Top Brokerages Here.

What is Canadian Natural Resources' stock price today?

One share of CNQ stock can currently be purchased for approximately $55.42.

How much money does Canadian Natural Resources make?

Canadian Natural Resources (NYSE:CNQ) has a market capitalization of $61.37 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 $8.05 on an earnings per share basis.

How many employees does Canadian Natural Resources have?

The company employs 9,735 workers across the globe.

How can I contact Canadian Natural Resources?

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.

This page (NYSE:CNQ) was last updated on 12/7/2022 by MarketBeat.com Staff