Canadian Natural Resources Stock Forecast, Price & News

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 stock has increased by 6.4% and is now trading at $16.05.
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16 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 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Canadian Natural Resources.

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 will be holding an earnings conference call on Thursday, November 5th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Canadian Natural Resources Limited (NYSE:CNQ) released its quarterly earnings results on Thursday, August, 6th. The oil and gas producer reported ($0.65) earnings per share for the quarter, missing the consensus estimate of ($0.56) by $0.09. The oil and gas producer had revenue of $2.07 billion for the quarter, compared to the consensus estimate of $2.92 billion. Canadian Natural Resources had a return on equity of 1.56% and a net margin of 0.33%. During the same period in the previous year, the business posted $0.87 earnings per share.
View Canadian Natural Resources' earnings history.

Canadian Natural Resources announced a quarterly dividend on Friday, August 7th. Stockholders of record on Friday, September 18th will be given a dividend of $0.318 per share on Monday, October 5th. This represents a $1.27 dividend on an annualized basis and a yield of 7.93%. The ex-dividend date 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.

16 equities research analysts have issued 12-month price objectives for Canadian Natural Resources' shares. Their forecasts range from $17.00 to $92.00. On average, they expect Canadian Natural Resources' share price to reach $34.13 in the next year. This suggests a possible upside of 112.7% from the stock's current price.
View analysts' price targets for Canadian Natural Resources.

Canadian Natural Resources saw a drop in short interest during the month of September. As of September 30th, there was short interest totaling 5,500,000 shares, a drop of 58.0% from the September 15th total of 13,110,000 shares. Based on an average daily trading volume, of 3,320,000 shares, the days-to-cover ratio is presently 1.7 days. Currently, 0.5% of the shares of the stock are sold short.
View Canadian Natural Resources' Short Interest.

Some companies that are related to Canadian Natural Resources include PetroChina (PTR), PETROLEO BRASIL/S (PBR.A), Petróleo Brasileiro S.A. - Petrobras (PBR), CNOOC (CEO), The Hong Kong and China Gas (HOKCY), ENI (E), Rwe Ag Sp (RWEOY), EOG Resources (EOG), Ecopetrol (EC), Pioneer Natural Resources (PXD), Woodside Petroleum (WOPEY), Encana (ECA), Occidental Petroleum (OXY), (DEN) (DEN) and Concho Resources (CXO).
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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 variety of institutional and retail investors. Top institutional investors include QV Investors Inc. (0.23%), Alberta Investment Management Corp (0.19%), Bristol John W & Co. Inc. NY (0.15%), Addenda Capital Inc. (0.07%), M&G Investment Management Ltd. (0.05%) and Cardinal Capital Management Inc. (0.04%).

CNQ stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., QV Investors Inc., Hexavest Inc., Cardinal Capital Management Inc., Scout Investments Inc., Atlas Capital Advisors LLC, Guinness Atkinson Asset Management Inc, and Hennessy Advisors Inc..

CNQ stock was acquired by a variety of institutional investors in the last quarter, including Addenda Capital Inc., Alberta Investment Management Corp, Usca Ria LLC, Avantax Advisory Services Inc., Envestnet Asset Management Inc., M&G Investment Management Ltd., Bristol John W & Co. Inc. NY, and Guinness Asset Management LTD.

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 $16.05.

Canadian Natural Resources has a market capitalization of $18.96 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]