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The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
The Next Big Crisis Is Here (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
The Next Big Crisis Is Here (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
S&P 500   3,852.36
DOW   32,920.46
QQQ   296.26
Inflation Tips for Startups – Top 11
The Next Big Crisis Is Here (Ad)
Trustees picked by DeSantis may change progressive college
Qatar replaces Russian company in Lebanon gas exploration
The Next Big Crisis Is Here (Ad)
France must raise pension age to 64, prime minister says
Elon Musk's mysterious ways on display in Tesla tweet trial
The Next Big Crisis Is Here (Ad)
Biden, McCarthy to discuss debt limit in talks on Wednesday
NYSE:CNQ

Canadian Natural Resources - CNQ Stock Forecast, Price & News

$62.13
+1.28 (+2.10%)
(As of 01/27/2023 12:00 AM ET)
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Compare
Today's Range
$60.73
$62.30
50-Day Range
$52.00
$62.13
52-Week Range
$44.45
$70.60
Volume
2.71 million shs
Average Volume
1.90 million shs
Market Capitalization
$68.53 billion
P/E Ratio
7.72
Dividend Yield
4.08%
Price Target
$91.23

Canadian Natural Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
46.8% Upside
$91.23 Price Target
Short Interest
Healthy
2.66% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-7.75
Upright™ Environmental Score
News Sentiment
0.85mentions of Canadian Natural Resources in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-22.13%
From $8.36 to $6.51 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.74 out of 5 stars

Oils/Energy Sector

36th out of 243 stocks

Crude Petroleum & Natural Gas Industry

17th out of 75 stocks


CNQ stock logo

About Canadian Natural Resources (NYSE:CNQ) Stock

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream and refining assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2020, the company had total proved crude oil, bitumen, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, and NGLs reserves were 13,271 MMbbl; proved SCO reserves were 6,998 MMbbl; total proved plus probable SCO reserves were 7,535 MMbbl; proved natural gas reserves were 12,168 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 20,249 Bcf. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.

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CNQ Stock News Headlines

Canadian Natural Resources Stock Earns IBD Rating Upgrade
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Is This The End of Capitalism?
EXPOSED: The establishment plot to disenfranchise and impoverish millions of Americans…
Canadian Natural Res' Debt Overview
Stocks in play: Canadian Natural Resources
See More Headlines
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CNQ Company Calendar

Last Earnings
11/03/2022
Ex-Dividend for 1/5 Dividend
12/15/2022
Dividend Payable
1/05/2023
Today
1/29/2023
Next Earnings (Estimated)
3/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Crude petroleum & natural gas
Sub-Industry
N/A
Employees
9,735
Year Founded
1989

Price Target and Rating

Average Stock Price Forecast
$91.23
High Stock Price Forecast
$115.00
Low Stock Price Forecast
$69.00
Forecasted Upside/Downside
+46.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

Net Income
$6.12 billion
Pretax Margin
32.39%

Debt

Sales & Book Value

Annual Sales
$26.21 billion
Cash Flow
$8.97 per share
Book Value
$25.22 per share

Miscellaneous

Outstanding Shares
1,102,940,000
Free Float
1,047,789,000
Market Cap
$68.53 billion
Optionable
Optionable
Beta
1.53

Social Links


Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 63)
    Exec. Chairman
    Comp: $9.27M
  • Mr. Timothy Shawn McKay (Age 61)
    Pres & Director
    Comp: $5.31M
  • Mr. Mark A. Stainthorpe C.F.A. (Age 45)
    CFO & Sr. VP of Fin.
    Comp: $1.63M
  • Mr. Scott G. Stauth (Age 57)
    Chief Operating Officer of Oil Sands
    Comp: $2.15M
  • Mr. Darren M. Fichter (Age 52)
    Chief Operating Officer of Exploration & Production
    Comp: $1.75M
  • Mr. Ronald Dae Jung Kim C.A.
    Principal Accounting Officer & VP of Fin.
  • Mr. Joy P. Romero (Age 66)
    Vice-Pres of Technology & Innovation
  • Mr. Stephen C. Suche (Age 63)
    Vice-Pres of Information & Corp. Services
  • Lance J. Casson
    Mang. of Investor Relations
  • Paul M. Mendes (Age 57)
    VP of Legal, Gen. Counsel & Corp. Sec.













CNQ Stock - Frequently Asked Questions

Should I buy or sell Canadian Natural Resources stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CNQ shares.
View CNQ analyst ratings
or view top-rated stocks.

What is Canadian Natural Resources' stock price forecast for 2023?

9 Wall Street research analysts have issued 12-month price objectives for Canadian Natural Resources' stock. Their CNQ share price forecasts range from $69.00 to $115.00. On average, they predict the company's share price to reach $91.23 in the next twelve months. This suggests a possible upside of 46.8% from the stock's current price.
View analysts price targets for CNQ
or view top-rated stocks among Wall Street analysts.

How have CNQ shares performed in 2023?

Canadian Natural Resources' stock was trading at $55.53 at the beginning of 2023. Since then, CNQ stock has increased by 11.9% and is now trading at $62.13.
View the best growth stocks for 2023 here
.

Are investors shorting Canadian Natural Resources?

Canadian Natural Resources saw a decrease in short interest in the month of December. As of December 30th, there was short interest totaling 45,460,000 shares, a decrease of 18.4% from the December 15th total of 55,700,000 shares. Based on an average trading volume of 2,360,000 shares, the short-interest ratio is presently 19.3 days. Approximately 4.2% of the shares of the stock are sold short.
View Canadian Natural Resources' Short Interest
.

When is Canadian Natural Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 2nd 2023.
View our CNQ earnings forecast
.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (NYSE:CNQ) announced its quarterly earnings results on Thursday, November, 3rd. The oil and gas producer reported $2.37 EPS for the quarter, topping analysts' consensus estimates of $2.09 by $0.28. The oil and gas producer earned $8.02 billion during the quarter, compared to the consensus estimate of $7.98 billion. Canadian Natural Resources had a trailing twelve-month return on equity of 34.75% and a net margin of 24.55%.

How often does Canadian Natural Resources pay dividends? What is the dividend yield for Canadian Natural Resources?

Canadian Natural Resources declared a quarterly dividend on Thursday, November 3rd. Stockholders 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 dividend yield of 4.02%. The ex-dividend date is Thursday, December 15th. This is a boost from the stock's previous quarterly dividend of $0.58.
Read our dividend analysis for CNQ
.

Is Canadian Natural Resources a good dividend stock?

Canadian Natural Resources (NYSE:CNQ) pays an annual dividend of $2.53 per share and currently has a dividend yield of 4.08%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 31.43%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNQ will have a dividend payout ratio of 38.86% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNQ.

What is Tim S. McKay's approval rating as Canadian Natural Resources' CEO?

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.

What other stocks do shareholders of Canadian Natural Resources own?

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).

What is Canadian Natural Resources' stock symbol?

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

Who are Canadian Natural Resources' major shareholders?

Canadian Natural Resources' stock is owned by many different institutional and retail investors. Top institutional shareholders include Yacktman Asset Management LP (1.38%), National Bank of Canada FI (1.14%), Addenda Capital Inc. (0.12%), Close Asset Management Ltd (0.09%), QV Investors Inc. (0.08%) and Baskin Financial Services Inc. (0.04%).

How do I buy shares of Canadian Natural Resources?

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.
Compare Top Brokerages Here.

What is Canadian Natural Resources' stock price today?

One share of CNQ stock can currently be purchased for approximately $62.13.

How much money does Canadian Natural Resources make?

Canadian Natural Resources (NYSE:CNQ) has a market capitalization of $68.53 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.

How many employees does Canadian Natural Resources have?

The company employs 9,735 workers across the globe.

How can I contact Canadian Natural Resources?

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.

This page (NYSE:CNQ) was last updated on 1/29/2023 by MarketBeat.com Staff