NYSE:CNQCanadian Natural Resources Stock Price, Forecast & News

Canadian Natural Resources' stock was trading at $15.08 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CNQ stock has increased by 35.5% and is now trading at $20.43.
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15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 1 sell rating, 2 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Canadian Natural Resources is scheduled to release its next quarterly earnings announcement on Thursday, November 5th 2020.
View our earnings forecast for Canadian Natural Resources.

Canadian Natural Resources Ltd (NYSE:CNQ) announced its quarterly earnings results on Thursday, August, 6th. The oil and gas producer reported ($0.65) earnings per share for the quarter, missing analysts' consensus estimates of ($0.56) by $0.09. Canadian Natural Resources had a return on equity of 1.52% and a net margin of 0.33%. During the same quarter in the prior year, the business earned $0.87 earnings per share.
View Canadian Natural Resources' earnings history.

Canadian Natural Resources declared a quarterly dividend on Friday, August 7th. Investors of record on Friday, September 18th will be paid a dividend of $0.318 per share on Monday, October 5th. This represents a $1.27 annualized dividend and a dividend yield of 6.23%. The ex-dividend date of this dividend is Thursday, September 17th. This is an increase from Canadian Natural Resources's previous quarterly dividend of $0.30.
View Canadian Natural Resources' dividend history.

15 equities research 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' stock price to reach $35.79 in the next twelve months. This suggests a possible upside of 75.2% from the stock's current price.
View analysts' price targets for Canadian Natural Resources.

News stories about CNQ stock have trended positive recently, according to InfoTrie. InfoTrie scores the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Canadian Natural Resources earned a news sentiment score of 2.7 on InfoTrie's scale. They also gave news stories about the oil and gas producer a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company's share price in the next few days.
View the latest news about Canadian Natural Resources.

Canadian Natural Resources saw a drop in short interest in June. As of June 30th, there was short interest totaling 5,910,000 shares, a drop of 75.2% from the June 15th total of 23,850,000 shares. Based on an average daily volume of 4,700,000 shares, the short-interest ratio is currently 1.3 days. Approximately 0.5% of the company's shares are short sold.
View Canadian Natural Resources' Short Interest.

Some companies that are related to Canadian Natural Resources include PetroChina (PTR), PETROLEO BRASIL/ADR (PBR), PETROLEO BRASIL/S (PBR.A), CNOOC (CEO), ENI (E), EOG Resources (EOG), The Hong Kong and China Gas (HOKCY), Rwe Ag Sp (RWEOY), Ecopetrol (EC), Pioneer Natural Resources (PXD), Encana (ECA), Occidental Petroleum (OXY), WOODSIDE PET LT/ADR (WOPEY), Concho Resources (CXO) and GALP ENERGIA SG/ADR (GLPEY).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Natural Resources investors own include Intel (INTC), Pfizer (PFE), Bank of America (BAC), Micron Technology (MU), AT&T (T), Cisco Systems (CSCO), Suncor Energy (SU), Energy Transfer LP Unit (ET), AbbVie (ABBV) and Gilead Sciences (GILD).

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 shareholders include FIL Ltd (4.79%), TD Asset Management Inc. (2.13%), FMR LLC (1.53%), Bank of Nova Scotia (1.05%), CIBC Asset Management Inc (1.01%) and Letko Brosseau & Associates Inc. (0.99%).

CNQ stock was sold by a variety of institutional investors in the last quarter, including Jarislowsky Fraser Ltd, Toronto Dominion Bank, Russell Investments Group Ltd., Cardinal Capital Management Inc., TD Asset Management Inc., Letko Brosseau & Associates Inc., Intact Investment Management Inc., and Bank of New York Mellon Corp.

CNQ stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, FIL Ltd, QV Investors Inc., MUFG Securities EMEA plc, Marshall Wace North America L.P., Goldman Sachs Group Inc., Guardian Capital LP, and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp.

Shares of CNQ can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CNQ stock can currently be purchased for approximately $20.43.

Canadian Natural Resources has a market capitalization of $24.13 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. Canadian Natural Resources employs 10,180 workers across the globe.

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

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]