Canadian Natural Resources (CNQ) Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CNQ shares.
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11 analysts have issued 1-year price objectives for Canadian Natural Resources' stock. Their CNQ share price forecasts range from C$82.00 to C$97.00. On average, they predict the company's stock price to reach C$90.88 in the next year. This suggests a possible upside of 4.3% from the stock's current price.
View analysts price targets for CNQ or view top-rated stocks among Wall Street analysts.

Canadian Natural Resources' stock was trading at C$75.19 at the start of the year. Since then, CNQ shares have increased by 15.9% and is now trading at C$87.11.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our CNQ earnings forecast.

Canadian Natural Resources Limited (TSE:CNQ) released its quarterly earnings data on Thursday, August, 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by $0.02. The business earned $7.89 billion during the quarter, compared to analyst estimates of $7.19 billion. Canadian Natural Resources had a net margin of 20.72% and a trailing twelve-month return on equity of 19.48%.

Canadian Natural Resources declared a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Friday, September 15th will be given a dividend of 0.90 per share on Thursday, October 5th. This represents a $3.60 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for CNQ.

Canadian Natural Resources (TSE:CNQ) pays an annual dividend of C$3.60 per share and currently has a dividend yield of 4.33%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 52.71%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CNQ.

Based on aggregate information from My MarketBeat watchlists, some companies that other Canadian Natural Resources investors own include Intact Financial (IFC), Constellation Software (CSU), Enbridge (ENB), Suncor Energy (SU), Bank of Nova Scotia (BNS), Toronto-Dominion Bank (TD), Air Canada (AC), Alimentation Couche-Tard (ATD.B), Vermilion Energy (VET) and Royal Bank of Canada (RY).

Canadian Natural Resources trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CNQ."

Shares of CNQ stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of CNQ stock can currently be purchased for approximately C$87.11.

Canadian Natural Resources (TSE:CNQ) has a market capitalization of C$94.95 billion and generates C$36.67 billion in revenue each year. The company earns C$7.60 billion in net income (profit) each year or C$6.83 on an earnings per share basis.

The company employs 10,035 workers across the globe.

Canadian Natural Resources' mailing address is 2100, 855-2 Street Sw, CALGARY, AB T2P 4J8, Canada. The official website for the company is www.cnrl.com. The company can be reached via phone at +1-403-5147605.