Canadian Natural Resources Stock Forecast, Price & News

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 3 hold ratings and 15 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Canadian Natural Resources stock.
View analyst ratings for Canadian Natural Resources or view top-rated stocks.

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Canadian Natural Resources saw a increase in short interest during the month of February. As of February 12th, there was short interest totaling 9,540,000 shares, an increase of 64.5% from the January 28th total of 5,800,000 shares. Based on an average daily volume of 3,530,000 shares, the days-to-cover ratio is presently 2.7 days. Approximately 0.8% of the shares of the company are sold short.
View Canadian Natural Resources' Short Interest.

Canadian Natural Resources is scheduled to release its next quarterly earnings announcement on Thursday, March 4th 2021.
View our earnings forecast for Canadian Natural Resources.

Canadian Natural Resources Limited (NYSE:CNQ) announced its quarterly earnings data on Thursday, November, 5th. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.02 by $0.09. The oil and gas producer had revenue of $3.38 billion for the quarter, compared to analyst estimates of $3.81 billion. Canadian Natural Resources had a negative net margin of 3.03% and a negative trailing twelve-month return on equity of 1.74%. During the same period in the prior year, the firm posted $1.04 earnings per share.
View Canadian Natural Resources' earnings history.

Canadian Natural Resources' stock was trading at $15.08 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CNQ stock has increased by 89.2% and is now trading at $28.53.
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Canadian Natural Resources announced a quarterly dividend on Friday, November 6th. Stockholders of record on Wednesday, December 9th will be given a dividend of $0.3236 per share on Tuesday, January 5th. This represents a $1.29 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Tuesday, December 8th. This is a boost from Canadian Natural Resources's previous quarterly dividend of $0.32.
View Canadian Natural Resources' dividend history.

Canadian Natural Resources pays an annual dividend of $1.31 per share and currently has a dividend yield of 4.80%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Canadian Natural Resources does not yet have a strock track record of dividend growth. The dividend payout ratio of Canadian Natural Resources is 57.71%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, Canadian Natural Resources will have a dividend payout ratio of 187.14% in the coming year. This indicates that Canadian Natural Resources may not be able to sustain their current dividend.
View Canadian Natural Resources' dividend history.

18 Wall Street analysts have issued 1 year target prices for Canadian Natural Resources' shares. Their forecasts range from $17.00 to $92.00. On average, they anticipate Canadian Natural Resources' stock price to reach $36.72 in the next year. This suggests a possible upside of 28.7% from the stock's current price.
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6 employees have rated Canadian Natural Resources CEO Tim S. McKay on Glassdoor.com. Tim S. McKay has an approval rating of 96% among Canadian Natural Resources' employees. This puts Tim S. McKay in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Canadian Natural Resources include Total (TOT), PetroChina (PTR), CNOOC (CEO), Petróleo Brasileiro S.A. - Petrobras (PBR), PETROLEO BRASIL/S (PBR.A), ENI (E), EOG Resources (EOG), The Hong Kong and China Gas (HOKCY), Occidental Petroleum (OXY), Ecopetrol (EC), Pioneer Natural Resources (PXD), RWE Aktiengesellschaft (RWEOY), Denbury (DEN), Woodside Petroleum (WOPEY) and Devon Energy (DVN).
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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 FIL Ltd (3.83%), CIBC Asset Management Inc (1.15%), CIBC World Markets Inc. (1.10%), Price T Rowe Associates Inc. MD (0.98%), Letko Brosseau & Associates Inc. (0.89%) and Dimensional Fund Advisors LP (0.84%).

CNQ stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, Value Partners Investments Inc., Guardian Capital LP, Morgan Stanley, AGF Investments Inc., QV Investors Inc., Lincluden Management Ltd., and Cardinal Capital Management Inc..

CNQ stock was bought by a variety of institutional investors in the last quarter, including Boston Partners, Amundi Pioneer Asset Management Inc., BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, CIBC World Markets Inc., The Manufacturers Life Insurance Company , Janus Henderson Group PLC, Intact Investment Management Inc., and Fiera Capital Corp.

Shares of CNQ 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 $28.53.

Canadian Natural Resources has a market capitalization of $33.82 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.

Canadian Natural Resources was founded in 1989.

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

Canadian Natural Resources is headquartered at 2100 855-2 STREET SW, CALGARY A0, T2P 4J8.

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]