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 paid a dividend of $0.285 per share on Wednesday, January 1st. This represents a $1.14 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date of this dividend is Tuesday, December 10th. This is an increase 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 initiated a share buyback plan on Thursday, March 15th 2018, which allows the company to repurchase 61,300,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

Canadian Natural Resources Ltd (NYSE:CNQ) issued its quarterly earnings data on Thursday, November, 7th. The oil and gas producer reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.44. The oil and gas producer had revenue of $4.67 billion for the quarter, compared to analysts' expectations of $4.46 billion. Canadian Natural Resources had a net margin of 18.37% and a return on equity of 7.87%. During the same quarter in the prior year, the company posted $1.11 EPS. 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.

Canadian Natural Resources will be holding an earnings conference call on Thursday, March 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.

14 analysts have issued 1-year target prices for Canadian Natural Resources' stock. Their forecasts range from $27.83 to $53.00. On average, they anticipate Canadian Natural Resources' stock price to reach $42.35 in the next twelve months. This suggests a possible upside of 64.2% 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, 4 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Canadian Natural Resources.

News stories about CNQ stock have been trending extremely negative recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Canadian Natural Resources earned a media sentiment score of -4.6 on InfoTrie's scale. They also assigned media coverage about the oil and gas producer a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Canadian Natural Resources.

Canadian Natural Resources saw a drop in short interest during the month of February. As of February 14th, there was short interest totalling 7,800,000 shares, a drop of 5.6% from the January 30th total of 8,260,000 shares. Based on an average trading volume of 2,610,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 0.7% of the company's stock 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), Ecopetrol (EC), EOG Resources (EOG), The Hong Kong and China Gas (HOKCY), Occidental Petroleum (OXY), Rwe Ag Sp (RWEOY), Pioneer Natural Resources (PXD), WOODSIDE PET LT/ADR (WOPEY), Encana (ECA) and Concho Resources (CXO).

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), Intel (INTC), Bank of America (BAC), AT&T (T), Suncor Energy (SU), BlackRock (BLK), Pfizer (PFE) and Chipotle Mexican Grill (CMG).

Canadian Natural Resources' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Capital Research Global Investors (7.60%), Capital World Investors (3.47%), FIL Ltd (2.72%), Capital International Investors (2.57%), TD Asset Management Inc. (2.26%) and Beutel Goodman & Co Ltd. (2.07%).

CNQ stock was sold by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Highstreet Asset Management Inc., Boston Partners, Russell Investments Group Ltd., Goldman Sachs Group Inc., 1832 Asset Management L.P., Letko Brosseau & Associates Inc. and QV Investors Inc..

CNQ stock was purchased by a variety of institutional investors in the last quarter, including FIL Ltd, Capital International Investors, FMR LLC, Capital World Investors, Value Partner Investments Inc., Capital Research Global Investors, Geode Capital Management LLC and Cardinal Capital Management Inc..

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 $25.80.

Canadian Natural Resources has a market capitalization of $30.63 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]