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TSE:CNQ

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

C$83.13
0.00 (0.00%)
(As of 09/22/2023 ET)
Compare
Today's Range
C$82.82
C$84.33
50-Day Range
C$73.68
C$89.38
52-Week Range
C$61.23
C$90.15
Volume
9.16 million shs
Average Volume
6.42 million shs
Market Capitalization
C$90.61 billion
P/E Ratio
12.17
Dividend Yield
4.33%
Price Target
C$90.88

Canadian Natural Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
9.3% Upside
C$90.88 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.52mentions of Canadian Natural Resources in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
C$1.65 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

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

2.45 out of 5 stars


CNQ stock logo

About Canadian Natural Resources (TSE: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 light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO). The company's midstream assets include two pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. 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.

CNQ Price History

CNQ Stock News Headlines

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A Look Into Canadian Natural Res' Debt
RBC Capital Sticks to Their Buy Rating for Canadian Natural (CNQ)
See More Headlines
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CNQ Company Calendar

Ex-Dividend for 7/5 Dividend
6/15/2023
Dividend Payable
7/05/2023
Last Earnings
8/03/2023
Ex-Dividend for 10/5 Dividend
9/14/2023
Today
9/22/2023
Dividend Payable
10/05/2023
Next Earnings (Estimated)
11/02/2023

Industry, Sector and Symbol

Industry
Oil & Gas E&P
Sub-Industry
N/A
Sector
Energy
CIK
N/A
Fax
N/A
Employees
10,035
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$90.88
High Stock Price Forecast
C$97.00
Low Stock Price Forecast
C$82.00
Forecasted Upside/Downside
+9.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
C$7.60 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$36.67 billion
Cash Flow
C$0.97 per share
Book Value
C$35.38 per share

Miscellaneous

Outstanding Shares
1,090,000,000
Free Float
N/A
Market Cap
C$90.46 billion
Optionable
Optionable
Beta
2.01
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Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 63)
    Exec. Chairman
    Comp: $12.01M
  • Mr. Timothy Shawn McKay (Age 61)
    Pres & Director
    Comp: $6.72M
  • Mr. Mark A. Stainthorpe C.F.A. (Age 45)
    CFO & Sr. VP of Fin.
    Comp: $2.22M
  • Mr. Scott G. Stauth (Age 57)
    Chief Operating Officer of Oil Sands
    Comp: $2.74M
  • Trevor J. Cassidy (Age 49)
    Chief Operating Officer of Exploration & Production
    Comp: $1.71M
  • Victor Clinton Darel C.A. (Age 46)
    CPA, VP of Fin. & Principal Accounting Officer
  • Lance J. Casson
    Mang. of Investor Relations
  • Brenda Gayle Balog
    VP of Legal & Gen. Counsel
  • Mr. Ronald Keith Laing (Age 53)
    Sr. Vice-Pres of Corp. Devel. & Land
  • Mark Anthony Overwater (Age 55)
    Vice-Pres of Marketing













CNQ Stock - Frequently Asked Questions

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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CNQ shares.
View CNQ analyst ratings
or view top-rated stocks.

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

11 equities research analysts have issued twelve-month price targets for Canadian Natural Resources' stock. Their CNQ share price forecasts range from C$82.00 to C$97.00. On average, they anticipate the company's share price to reach C$90.88 in the next year. This suggests a possible upside of 9.5% 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 C$75.19 on January 1st, 2023. Since then, CNQ stock has increased by 10.4% and is now trading at C$82.99.
View the best growth stocks for 2023 here
.

When is Canadian Natural Resources' next earnings date?

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

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (TSE:CNQ) announced its earnings results on Thursday, August, 3rd. The company reported $1.14 EPS for the quarter, missing analysts' consensus estimates of $1.16 by $0.02. The firm had revenue of $7.89 billion for the quarter, compared to analysts' expectations of $7.19 billion. Canadian Natural Resources had a trailing twelve-month return on equity of 19.48% and a net margin of 20.72%.

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 Wednesday, August 2nd. Investors of record on Friday, September 15th will be paid a dividend of 0.90 per share on Thursday, October 5th. This represents a $3.60 annualized dividend and a dividend yield of 4.34%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for CNQ
.

Is Canadian Natural Resources a good dividend stock?

Canadian Natural Resources (TSE:CNQ) pays an annual dividend of C$3.60 per share and currently has a dividend yield of 4.13%. 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.

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 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).

What is Canadian Natural Resources' stock symbol?

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

How do I buy shares of Canadian Natural Resources?

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.
Compare Top Brokerages Here.

What is Canadian Natural Resources' stock price today?

One share of CNQ stock can currently be purchased for approximately C$82.99.

How much money does Canadian Natural Resources make?

Canadian Natural Resources (TSE:CNQ) has a market capitalization of C$90.46 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.

How many employees does Canadian Natural Resources have?

The company employs 10,035 workers across the globe.

How can I contact Canadian Natural Resources?

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.

This page (TSE:CNQ) was last updated on 9/22/2023 by MarketBeat.com Staff

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