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S&P 500   4,550.58
DOW   35,430.42
QQQ   389.81
How to trade penny stocks: A step-by-step guide
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
The top-rated strong-buy stocks on Marketbeat’s radar
What’s next for GM stock: Buybacks and a dividend increase
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
General Motors, NetApp rise; Petco, Hormel Foods fall, Wednesday, 11/29/2023
Is Beyond an overlooked e-commerce winner?
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
As Dollar Tree Goes, So Goes the Consumer?
Marketbeat’s AI-powered tools for investors
S&P 500   4,550.58
DOW   35,430.42
QQQ   389.81
How to trade penny stocks: A step-by-step guide
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
The top-rated strong-buy stocks on Marketbeat’s radar
What’s next for GM stock: Buybacks and a dividend increase
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
General Motors, NetApp rise; Petco, Hormel Foods fall, Wednesday, 11/29/2023
Is Beyond an overlooked e-commerce winner?
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
As Dollar Tree Goes, So Goes the Consumer?
Marketbeat’s AI-powered tools for investors
S&P 500   4,550.58
DOW   35,430.42
QQQ   389.81
How to trade penny stocks: A step-by-step guide
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
The top-rated strong-buy stocks on Marketbeat’s radar
What’s next for GM stock: Buybacks and a dividend increase
Gold Could Be Heading for Record Highs - But How to Play It? (Ad)
General Motors, NetApp rise; Petco, Hormel Foods fall, Wednesday, 11/29/2023
Is Beyond an overlooked e-commerce winner?
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity (Ad)
As Dollar Tree Goes, So Goes the Consumer?
Marketbeat’s AI-powered tools for investors

Canadian Natural Resources Stock Price, News & Analysis (TSE:CNQ)

C$90.18
+1.44 (+1.62%)
(As of 11/29/2023 ET)
Compare
Today's Range
C$88.80
C$90.26
50-Day Range
C$82.70
C$93.29
52-Week Range
C$67.13
C$93.44
Volume
12.38 million shs
Average Volume
6.40 million shs
Market Capitalization
C$98.30 billion
P/E Ratio
13.94
Dividend Yield
4.44%
Price Target
C$94.33

Canadian Natural Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
4.6% Upside
C$94.33 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.56mentions of Canadian Natural Resources in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
C$14.88 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.

2.55 out of 5 stars


CNQ stock logo

About Canadian Natural Resources Stock (TSE:CNQ)

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 Stock Price History

CNQ Stock News Headlines

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Natural Resources Hits 52-Week High on News
Natural Resources, 1CM, MEG at 52-Week Highs
Canadian Natural (CNQ) Receives a Rating Update from a Top Analyst
OVV vs. CNQ: Which Stock Should Value Investors Buy Now?
The 3 Most Undervalued Oil Stocks to Buy in September 2023
Ovintiv (OVV) Tops Q2 Earnings and Revenue Estimates
A Look Into Canadian Natural Res' Debt
See More Headlines
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Company Calendar

Ex-Dividend for 10/5 Dividend
9/14/2023
Dividend Payable
10/05/2023
Last Earnings
11/02/2023
Today
11/30/2023
Ex-Dividend for 1/5 Dividend
12/07/2023
Dividend Payable
1/05/2024
Next Earnings (Estimated)
3/07/2024

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 Target
C$94.33
High Stock Price Target
C$106.00
Low Stock Price Target
C$82.00
Potential Upside/Downside
+4.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Net Income
C$7.13 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$36.10 billion
Cash Flow
C$1.05 per share
Book Value
C$36.45 per share

Miscellaneous

Outstanding Shares
1,090,000,000
Free Float
N/A
Market Cap
C$98.30 billion
Optionable
Not Optionable
Beta
1.95
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Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 63)
    Executive Chairman
    Comp: $12.01M
  • Mr. Timothy Shawn McKay (Age 61)
    President & Director
    Comp: $6.72M
  • Mr. Mark A. Stainthorpe C.F.A. (Age 45)
    CFO & Senior VP of Finance
    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 Finance & Principal Accounting Officer
  • Lance J. Casson
    Manager of Investor Relations
  • Brenda Gayle Balog
    VP of Legal & General Counsel
  • Mr. Ronald Keith Laing (Age 53)
    Senior Vice-President of Corporate Development & Land
  • Mark Anthony Overwater (Age 55)
    Vice-President of Marketing














CNQ Stock Analysis - Frequently Asked Questions

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

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 4 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 target for 2024?

12 brokers have issued 1 year price objectives for Canadian Natural Resources' stock. Their CNQ share price targets range from C$82.00 to C$106.00. On average, they anticipate the company's share price to reach C$94.33 in the next twelve months. This suggests a possible upside of 4.6% 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 at the start of the year. Since then, CNQ shares have increased by 19.9% and is now trading at C$90.18.
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, March 7th 2024.
View our CNQ earnings forecast
.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (TSE:CNQ) released its earnings results on Thursday, November, 2nd. The company reported $2.59 EPS for the quarter, beating the consensus estimate of $2.20 by $0.39. The firm had revenue of $9.90 billion for the quarter, compared to analysts' expectations of $8.79 billion. Canadian Natural Resources had a trailing twelve-month return on equity of 18.33% and a net margin of 19.74%.

How often does Canadian Natural Resources pay dividends? What is the dividend yield for Canadian Natural Resources?

Canadian Natural Resources announced a quarterly dividend on Thursday, November 2nd. Investors of record on Friday, December 8th will be given a dividend of 1.00 per share on Friday, January 5th. This represents a $4.00 annualized dividend and a dividend yield of 4.44%. The ex-dividend date is Thursday, December 7th. This is an increase from the stock's previous quarterly dividend of C$0.90.
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$4.00 per share and currently has a dividend yield of 4.48%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 61.82%. 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).

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.

This page (TSE:CNQ) was last updated on 11/30/2023 by MarketBeat.com Staff

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