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 yield of 3.66%. 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 of Directors has initiated a stock repurchase program on Thursday, March 15th 2018, which authorizes the company to repurchase 61,300,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company's board believes its stock is undervalued.

Canadian Natural Resources Ltd (NYSE:CNQ) posted its quarterly earnings results on Thursday, November, 7th. The oil and gas producer reported $1.04 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.60 by $0.44. The oil and gas producer had revenue of $4.67 billion for the quarter, compared to analyst estimates 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 period in the previous 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.

14 Wall Street analysts have issued 1-year price objectives for Canadian Natural Resources' shares. 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 twelve months. This suggests a possible upside of 36.0% 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 articles about CNQ stock have been trending somewhat positive recently, InfoTrie reports. The research group rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Canadian Natural Resources earned a coverage optimism score of 2.0 on InfoTrie's scale. They also gave headlines about the oil and gas producer a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Canadian Natural Resources.

Canadian Natural Resources saw a decrease in short interest in December. As of December 31st, there was short interest totalling 8,060,000 shares, a decrease of 57.0% from the December 15th total of 18,730,000 shares. Based on an average trading volume of 2,360,000 shares, the short-interest ratio is presently 3.4 days. Currently, 0.7% of the company's shares 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), PetroChina (PTR), PETROLEO BRASIL/S (PBR.A), 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 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%), Zurcher Kantonalbank Zurich Cantonalbank (0.05%) and Assenagon Asset Management S.A. (0.04%).

CNQ stock was sold by a variety of institutional investors in the last quarter, including 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., OLD National Bancorp IN and CLARET ASSET MANAGEMENT Corp.

CNQ stock was purchased 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., Silverleafe Capital Partners LLC, Janney Montgomery Scott LLC, IFP Advisors Inc and Manning & Napier Group 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 $31.15.

Canadian Natural Resources has a market capitalization of $36.89 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]