Canadian Natural Resources - CNQ Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CNQ shares.
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8 analysts have issued 1 year target prices for Canadian Natural Resources' stock. Their CNQ share price forecasts range from $69.00 to $115.00. On average, they anticipate the company's stock price to reach $92.91 in the next twelve months. This suggests a possible upside of 76.6% from the stock's current price.
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Canadian Natural Resources' stock was trading at $55.53 at the start of the year. Since then, CNQ shares have decreased by 5.2% and is now trading at $52.62.
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Canadian Natural Resources saw a increase in short interest during the month of March. As of March 15th, there was short interest totaling 72,200,000 shares, an increase of 167.3% from the February 28th total of 27,010,000 shares. Based on an average daily volume of 2,180,000 shares, the short-interest ratio is currently 33.1 days. Approximately 6.7% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our CNQ earnings forecast.

Canadian Natural Resources Limited (NYSE:CNQ) announced its quarterly earnings results on Thursday, August, 5th. The oil and gas producer reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.22. The oil and gas producer earned $5.31 billion during the quarter, compared to the consensus estimate of $5.26 billion. Canadian Natural Resources had a net margin of 22.20% and a trailing twelve-month return on equity of 33.18%.

Canadian Natural Resources declared a quarterly dividend on Thursday, March 2nd. Stockholders of record on Friday, March 17th will be given a dividend of $0.676 per share on Wednesday, April 5th. This represents a $2.70 annualized dividend and a yield of 5.14%. The ex-dividend date is Thursday, March 16th. This is a boost from the stock's previous quarterly dividend of $0.62.
Read our dividend analysis for CNQ.

Canadian Natural Resources (NYSE:CNQ) pays an annual dividend of $2.63 per share and currently has a dividend yield of 5.12%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 35.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 47.47% 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 many different retail and institutional investors. Top institutional investors include Bank of Nova Scotia (1.80%), TD Asset Management Inc (1.62%), Mackenzie Financial Corp (1.43%), Yacktman Asset Management LP (1.38%), 1832 Asset Management L.P. (1.29%) and National Bank of Canada FI (1.14%).

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 $52.62.

Canadian Natural Resources (NYSE:CNQ) has a market capitalization of $57.90 billion and generates $49.53 billion in revenue each year. The oil and gas producer earns $8.41 billion in net income (profit) each year or $7.34 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) 514-7777, via email at ir@cnrl.com, or via fax at 403-517-7350.