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TSE:CNQ

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

C$88.19
-1.18 (-1.32%)
(As of 02/23/2024 ET)
Today's Range
C$87.79
C$88.80
50-Day Range
C$80.60
C$90.20
52-Week Range
C$67.13
C$93.44
Volume
5.23 million shs
Average Volume
3.68 million shs
Market Capitalization
C$96.13 billion
P/E Ratio
13.63
Dividend Yield
4.54%
Price Target
C$94.69

Canadian Natural Resources MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
7.4% Upside
C$94.69 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.97mentions of Canadian Natural Resources in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
C$41.17 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.63 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

A Weird Income Tactic So Simple and So Lucrative...
It Has Billionaires JOKING About It! There's an unusual income tactic Warren Buffett has relied on time and time again for BILLIONS in dividend payouts. Carl Icahn once joked it was "like taking candy from a baby."  
CNQ Mar 2024 40.000 put
Better Than Oil Stocks
The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment. 
5 Best Foreign Dividend Stocks To Invest In
Canadian Stocks Mixed In Cautious Trade
Canadian Natural price target lowered by C$6 at Stifel
Jefferies Keeps Their Hold Rating on Canadian Natural (CNQ)
Scotiabank Keeps Their Hold Rating on Canadian Natural (CNQ)
See More Headlines
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Company Calendar

Ex-Dividend for 1/5 Dividend
12/07/2023
Dividend Payable
1/05/2024
Today
2/23/2024
Next Earnings (Confirmed)
2/29/2024

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Target
C$94.69
High Stock Price Target
C$105.00
Low Stock Price Target
C$86.00
Potential Upside/Downside
+7.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
10 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$1.03 per share
Book Value
C$36.45 per share

Miscellaneous

Outstanding Shares
1,090,000,000
Free Float
N/A
Market Cap
C$96.41 billion
Optionable
Not Optionable
Beta
1.98
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Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 64)
    Executive Chairman
    Comp: $12.01M
  • Mr. Timothy Shawn McKay (Age 62)
    President & Director
    Comp: $6.72M
  • Mr. Mark A. Stainthorpe C.F.A. (Age 46)
    CFO & Senior VP of Finance
    Comp: $2.22M
  • Victor Clinton Darel C.A. (Age 47)
    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 54)
    Senior Vice-President of Corporate Development & Land
  • Mark Anthony Overwater (Age 56)
    Vice-President of Marketing
  • Dean W. Halewich (Age 56)
    Senior Vice-President of Safety, Risk Management & Innovation
  • Jay E. Froc (Age 58)
    Chief Operating Officer of Oil Sands

Should I Buy Canadian Natural Resources Stock? CNQ Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Canadian Natural Resources was last updated on Wednesday, February 21, 2024 at 2:30 PM.














CNQ Stock Analysis - Frequently Asked Questions

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

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research 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?

10 brokers have issued 1 year price objectives for Canadian Natural Resources' shares. Their CNQ share price targets range from C$86.00 to C$105.00. On average, they expect the company's share price to reach C$94.69 in the next twelve months. This suggests a possible upside of 7.4% 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 2024?

Canadian Natural Resources' stock was trading at C$86.81 at the beginning of the year. Since then, CNQ stock has increased by 1.6% and is now trading at C$88.19.
View the best growth stocks for 2024 here
.

When is Canadian Natural Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 29th 2024.
View our CNQ earnings forecast
.

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. Shareholders 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 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date of this dividend is Thursday, December 7th. This is a boost 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 4.55%. 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 2/23/2024 by MarketBeat.com Staff