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

Company Overview

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.

Key Stats

• Today's Range: C$48.78 to C$49.55
• 50-Day Range: C$43.40 to C$51.71
• 52-Week Range: C$40.02 to C$56.49
• Volume: 3.48 million shs
• Average Volume: 12.13 million shs
• Market Capitalization: C$104.41 billion
• P/E Ratio: 13.97
• Dividend Yield: 4.37%
• Price Target: C$74.13
• Consensus Rating: Hold

Canadian Natural Resources Stock Analysis - MarketRank™

Canadian Natural Resources scored higher than 93% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 4.2 / 5
• Analyst Rating: Hold

Consensus Rating

Canadian Natural Resources has received a consensus rating of Hold. The company's average rating score is 2.47, and is based on 7 buy ratings, 8 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Canadian Natural Resources has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Canadian Natural Resources is 13.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.83.

Price to Earnings Ratio vs. Sector

The P/E ratio of Canadian Natural Resources is 13.97, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 99.40.

Price to Earnings Growth Ratio

Canadian Natural Resources has a PEG Ratio of 0.53. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Canadian Natural Resources has a P/B Ratio of 2.64. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for CNQ.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Canadian Natural Resources is a leading dividend payer. It pays a dividend yield of 4.38%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Canadian Natural Resources does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Canadian Natural Resources is 60.97%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for CNQ.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: 0.09

News Sentiment

Canadian Natural Resources has a news sentiment score of 0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Energy companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Canadian Natural Resources this week, compared to 3 articles on an average week.

Search Interest

45 people have searched for CNQ on MarketBeat in the last 30 days. This is an increase of 32% compared to the previous 30 days.

MarketBeat Follows

19 people have added Canadian Natural Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 111% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Canadian Natural Resources insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$386,867.00 in company stock.

Percentage Held by Insiders

Only 4.26% of the stock of Canadian Natural Resources is held by insiders.

Percentage Held by Institutions

77.79% of the stock of Canadian Natural Resources is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

CNQ Stock Analysis - Frequently Asked Questions

How have CNQ shares performed this year?

Canadian Natural Resources' stock was trading at C$86.81 at the beginning of the year. Since then, CNQ shares have decreased by 43.5% and is now trading at C$49.02.
View the best growth stocks for 2024 here.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (TSE:CNQ) announced its quarterly earnings data on Wednesday, July, 31st. The company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.04. The firm earned $9.05 billion during the quarter, compared to analysts' expectations of $8.41 billion. Canadian Natural Resources had a net margin of 20.88% and a trailing twelve-month return on equity of 19.65%.

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 other stocks do shareholders of Canadian Natural Resources own?

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

Company Calendar

• Last Earnings: 7/31/2024
• Ex-Dividend for 10/4 Dividend: 9/13/2024
• Dividend Payable: 10/04/2024
• Today: 10/22/2024
• Next Earnings (Confirmed): 10/31/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Energy
• Industry: Oil & Gas E&P
• Sub-Industry: Petroleum And Natural Gas
• Current Symbol: TSE:CNQ
• CUSIP: N/A
• CIK: N/A
• Web: www.cnrl.com
• Phone: +1-403-5147605
• Fax: N/A
• Employees: 10,272
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$74.13
• High Stock Price Target: C$126.00
• Low Stock Price Target: C$51.00
• Potential Upside/Downside: +50.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.47
• Research Coverage: 15 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$3.51
• Trailing P/E Ratio: 14.02
• Forward P/E Ratio: 12.84
• P/E Growth: 0.53
• Net Income: C$7.67 billion
• Net Margins: 20.88%
• Pretax Margin: N/A
• Return on Equity: 19.65%
• Return on Assets: 8.80%

Debt

• Debt-to-Equity Ratio: 29.64
• Current Ratio: 0.88
• Quick Ratio: 0.54

Sales & Book Value

• Annual Sales: C$36.74 billion
• Price / Sales: 2.85
• Cash Flow: C$0.57 per share
• Price / Cash Flow: 85.85
• Book Value: C$18.55 per share
• Price / Book: 2.65

Miscellaneous

• Outstanding Shares: 2,130,000,000
• Free Float: N/A
• Market Cap: C$104.84 billion
• Optionable: Not Optionable
• Beta: 1.89