NYSE:CNQ

Canadian Natural Resources Stock Forecast, Price & News

$30.84
-0.19 (-0.61 %)
(As of 04/16/2021 04:00 PM ET)
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Today's Range
$30.82
Now: $30.84
$31.48
50-Day Range
$27.29
MA: $30.54
$32.41
52-Week Range
$11.88
Now: $30.84
$32.64
Volume2.56 million shs
Average Volume3.80 million shs
Market Capitalization$36.56 billion
P/E RatioN/A
Dividend Yield4.17%
Beta1.9
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 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, SCO, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, SCO, and NGLs reserves were 13,271 MMbbl; proved natural gas reserves were 9,465 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 15,922 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.
Canadian Natural Resources logo

Industry, Sector and Symbol

Industry Crude petroleum & natural gas
Sub-IndustryN/A
CUSIPN/A
Phone403-517-7345
Employees10,180
Year Founded1989

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$18.38 billion
Cash Flow$7.22 per share
Book Value$22.22 per share

Profitability

Net Income$4.08 billion

Miscellaneous

Outstanding Shares1,185,570,000
Market Cap$36.56 billion
Next Earnings Date5/6/2021 (Estimated)
OptionableOptionable

Headlines

Is CNQ Stock A Buy or Sell?
April 14, 2021 |  finance.yahoo.com
Canadian Natural Resources (NYSE:CNQ) Trading Up 6%
March 24, 2021 |  americanbankingnews.com
See More Headlines

MarketRank

Overall MarketRank

2.40 out of 5 stars

Oils/Energy Sector

5th out of 668 stocks

Crude Petroleum & Natural Gas Industry

2nd out of 247 stocks

Analyst Opinion: 4.4Community Rank: 2.8Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -
$30.84
-0.19 (-0.61 %)
(As of 04/16/2021 04:00 PM ET)
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Canadian Natural Resources (NYSE:CNQ) Frequently Asked Questions

Is Canadian Natural Resources a buy right now?

18 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 4 hold ratings and 14 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Canadian Natural Resources stock.
View analyst ratings for Canadian Natural Resources
or view top-rated stocks.

What stocks does MarketBeat like better than Canadian Natural Resources?

Wall Street analysts have given Canadian Natural Resources a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Canadian Natural Resources wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Canadian Natural Resources?

Canadian Natural Resources saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 6,270,000 shares, a drop of 36.9% from the February 28th total of 9,930,000 shares. Based on an average trading volume of 3,760,000 shares, the short-interest ratio is presently 1.7 days. Currently, 0.5% of the company's stock are sold short.
View Canadian Natural Resources' Short Interest
.

When is Canadian Natural Resources' next earnings date?

Canadian Natural Resources is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for Canadian Natural Resources
.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (NYSE:CNQ) announced its quarterly earnings results on Wednesday, March, 3rd. The oil and gas producer reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.13 by $0.02. The oil and gas producer had revenue of $3.85 billion for the quarter, compared to analysts' expectations of $3.83 billion. Canadian Natural Resources had a negative trailing twelve-month return on equity of 1.74% and a negative net margin of 3.03%.
View Canadian Natural Resources' earnings history
.

How has Canadian Natural Resources' stock been impacted by COVID-19 (Coronavirus)?

Canadian Natural Resources' stock was trading at $15.08 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CNQ shares have increased by 104.5% and is now trading at $30.84.
View which stocks have been most impacted by COVID-19
.

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 Monday, March 8th. Stockholders of record on Friday, March 19th will be paid a dividend of $0.3712 per share on Monday, April 5th. This represents a $1.48 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Thursday, March 18th. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.32.
View Canadian Natural Resources' dividend history
.

Is Canadian Natural Resources a good dividend stock?

Canadian Natural Resources pays an annual dividend of $1.31 per share and currently has a dividend yield of 4.17%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Canadian Natural Resources does not yet have a strock track record of dividend growth. The dividend payout ratio of Canadian Natural Resources is 57.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Canadian Natural Resources will have a dividend payout ratio of 187.14% in the coming year. This indicates that Canadian Natural Resources may not be able to sustain their current dividend.
View Canadian Natural Resources' dividend history.

What price target have analysts set for CNQ?

18 analysts have issued 1-year price objectives for Canadian Natural Resources' stock. Their forecasts range from $17.00 to $92.00. On average, they expect Canadian Natural Resources' share price to reach $41.39 in the next twelve months. This suggests a possible upside of 34.2% from the stock's current price.
View analysts' price targets for Canadian Natural Resources
or view top-rated stocks among Wall Street analysts.

Who are Canadian Natural Resources' key executives?

Canadian Natural Resources' management team includes the following people:
  • Mr. Norman Murray Edwards O.C., Exec. Chairman (Age 61, Pay $8.6M)
  • Mr. Timothy Shawn McKay, Pres & Director (Age 59, Pay $5.38M)
  • Mr. Mark A. Stainthorpe C.F.A., CFO & Sr. VP of Fin. (Age 43, Pay $1.13M)
  • Mr. Scott G. Stauth, Chief Operating Officer of Oil Sands (Age 55, Pay $2.06M)
  • Mr. Ronald Dae Jung Kim C.A., Principal Accounting Officer & VP of Fin.
  • Mr. Joy P. Romero, Vice-Pres of Technology & Innovation (Age 64)
  • Mr. Stephen C. Suche, Vice-Pres of Information & Corp. Services (Age 61)
  • Paul M. Mendes, VP of Legal, Gen. Counsel & Corp. Sec. (Age 55)
  • Mr. Ronald Keith Laing, Sr. Vice-Pres of Corp. Devel. & Land (Age 51)
  • Jon E. Halford, Vice-Pres of HR (Age 47)

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

6 employees have rated Canadian Natural Resources CEO Tim S. McKay on Glassdoor.com. Tim S. McKay has an approval rating of 96% among Canadian Natural Resources' employees. This puts Tim S. McKay in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Canadian Natural Resources' key competitors?

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 many different institutional and retail investors. Top institutional investors include QV Investors Inc. (0.18%), Calamos Advisors LLC (0.01%), Miller Howard Investments Inc. NY (0.01%), JCIC Asset Management Inc. (0.01%), Crossmark Global Holdings Inc. (0.01%) and Pacifica Partners Inc. (0.01%).

Which major investors are selling Canadian Natural Resources stock?

CNQ stock was sold by a variety of institutional investors in the last quarter, including Miller Howard Investments Inc. NY, QV Investors Inc., Clear Street Markets LLC, Crossmark Global Holdings Inc., Cardinal Capital Management Inc., Scout Investments Inc., Nexus Investment Management ULC, and Pacer Advisors Inc..

Which major investors are buying Canadian Natural Resources stock?

CNQ stock was purchased by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Calamos Wealth Management LLC, Pacifica Partners Inc., Fulton Bank N.A., JCIC Asset Management Inc., Harbor Investment Advisory LLC, and Cordasco Financial Network.

How do I buy shares of Canadian Natural Resources?

Shares of CNQ 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 $30.84.

How much money does Canadian Natural Resources make?

Canadian Natural Resources has a market capitalization of $36.56 billion and generates $18.38 billion in revenue each year. The oil and gas producer earns $4.08 billion in net income (profit) each year or $2.27 on an earnings per share basis.

How many employees does Canadian Natural Resources have?

Canadian Natural Resources employs 10,180 workers across the globe.

When was Canadian Natural Resources founded?

Canadian Natural Resources was founded in 1989.

What is Canadian Natural Resources' official website?

The official website for Canadian Natural Resources is www.cnrl.com.

Where are Canadian Natural Resources' headquarters?

Canadian Natural Resources is headquartered at 2100 855-2 STREET SW, CALGARY A0, T2P 4J8.

How can I contact Canadian Natural Resources?

Canadian Natural Resources' mailing address is 2100 855-2 STREET SW, CALGARY A0, T2P 4J8. The oil and gas producer can be reached via phone at 403-517-7345 or via email at [email protected]


This page was last updated on 4/18/2021 by MarketBeat.com Staff
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