NYSE:CNQ - Canadian Natural Resources Stock Price, Forecast & News

Canadian Natural Resources trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNQ."

Canadian Natural Resources declared a quarterly dividend on Thursday, November 7th. Shareholders of record on Wednesday, December 11th will be given a dividend of $0.285 per share on Wednesday, January 1st. This represents a $1.14 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Tuesday, December 10th. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.28. View Canadian Natural Resources' Dividend History.

Canadian Natural Resources declared that its board has authorized a stock buyback plan on Thursday, March 15th 2018, which permits the company to buyback 61,300,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's board of directors believes its stock is undervalued.

Canadian Natural Resources Ltd (NYSE:CNQ) released its quarterly earnings data on Thursday, November, 7th. The oil and gas producer reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.44. The oil and gas producer earned $4.67 billion during the quarter, compared to the consensus estimate of $4.46 billion. Canadian Natural Resources had a return on equity of 7.87% and a net margin of 18.37%. During the same period in the prior year, the firm posted $1.11 earnings per share. View Canadian Natural Resources' Earnings History.

Canadian Natural Resources is scheduled to release their next quarterly earnings announcement on Thursday, March 5th 2020. View Earnings Estimates for Canadian Natural Resources.

14 brokerages have issued 12 month target prices for Canadian Natural Resources' stock. Their forecasts range from $27.83 to $53.00. On average, they expect Canadian Natural Resources' stock price to reach $42.35 in the next year. This suggests a possible upside of 39.9% from the stock's current price. View Analyst Price Targets for Canadian Natural Resources.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 1 sell rating, 3 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Canadian Natural Resources.

News coverage about CNQ stock has been trending very negative this week, according to InfoTrie. The research group scores the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Canadian Natural Resources earned a news sentiment score of -3.0 on InfoTrie's scale. They also assigned press coverage 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 stock's share price in the near future. View News Stories for Canadian Natural Resources.

Canadian Natural Resources saw a decline in short interest during the month of December. As of December 31st, there was short interest totalling 8,060,000 shares, a decline of 57.0% from the December 15th total of 18,730,000 shares. Based on an average daily trading volume, of 2,360,000 shares, the days-to-cover ratio is presently 3.4 days. Approximately 0.7% of the shares of the company are short sold. View Canadian Natural Resources' Current Options Chain.

Some companies that are related to Canadian Natural Resources include Total (TOT), PETROLEO BRASIL/ADR (PBR), PETROLEO BRASIL/S (PBR.A), PetroChina (PTR), CNOOC (CEO), ENI (E), EOG Resources (EOG), Ecopetrol (EC), Occidental Petroleum (OXY), The Hong Kong and China Gas (HOKCY), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Rwe Ag Sp (RWEOY), Concho Resources (CXO) and Diamondback Energy (FANG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Natural Resources investors own include CA (CA), Micron Technology (MU), Energy Transfer LP Unit (ET), AT&T (T), Bank of America (BAC), Intel (INTC), Suncor Energy (SU), Pfizer (PFE), BlackRock (BLK) and Chipotle Mexican Grill (CMG).

Canadian Natural Resources' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Marathon Asset Management LLP (0.31%), Hexavest Inc. (0.28%), Cardinal Capital Management Inc. (0.20%), Bristol John W & Co. Inc. NY (0.15%), Caymus Capital Partners L.P. (0.06%) and Zurcher Kantonalbank Zurich Cantonalbank (0.05%).

CNQ stock was sold by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, Zurcher Kantonalbank Zurich Cantonalbank, Bristol John W & Co. Inc. NY, Hennessy Advisors Inc., JCIC Asset Management Inc., Taylor Cottrill Erickson & Associates Inc., Nexus Investment Management Inc. and OLD National Bancorp IN.

CNQ stock was bought by a variety of institutional investors in the last quarter, including Cardinal Capital Management Inc., Hexavest Inc., Assenagon Asset Management S.A., Caymus Capital Partners L.P., Ninepoint Partners LP, Rothschild Investment Corp IL, Silverleafe Capital Partners LLC and Janney Montgomery Scott LLC.

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 $30.27.

Canadian Natural Resources has a market capitalization of $35.93 billion and generates $17.19 billion in revenue each year. The oil and gas producer earns $2.00 billion in net income (profit) each year or $2.15 on an earnings per share basis. Canadian Natural Resources employs 9,709 workers across the globe.View Additional Information About Canadian Natural Resources.

The official website for Canadian Natural Resources is http://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 403-517-6700 or via email at [email protected]