Canadian Natural Resources - CNQ Stock Forecast, Price & News

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.
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9 equities research analysts have issued 1-year target prices for Canadian Natural Resources' stock. Their CNQ share price forecasts range from $66.00 to $115.00. On average, they expect the company's share price to reach $88.14 in the next twelve months. This suggests a possible upside of 49.5% from the stock's current price.
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Canadian Natural Resources' stock was trading at $42.25 at the beginning of 2022. Since then, CNQ shares have increased by 39.6% and is now trading at $58.97.
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Canadian Natural Resources saw a decline in short interest during the month of 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 volume of 2,510,000 shares, the short-interest ratio is presently 7.8 days. Currently, 1.7% of the company's shares are short sold.
View Canadian Natural Resources' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
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 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.22. The oil and gas producer had revenue of $5.31 billion for the quarter, compared to analyst estimates of $5.26 billion. Canadian Natural Resources had a net margin of 24.55% and a trailing twelve-month return on equity of 34.75%.

Canadian Natural Resources announced a quarterly dividend on Thursday, November 3rd. Investors of record on Friday, December 16th will be paid a dividend of $0.6237 per share on Thursday, January 5th. This represents a $2.49 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Thursday, December 15th. This is a positive change from the stock's previous quarterly dividend of $0.58.
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 3.81%. 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 31.03% 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 institutional and retail investors. Top institutional investors 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%).

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 $58.97.

Canadian Natural Resources (NYSE:CNQ) has a market capitalization of $65.30 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.

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.