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 .

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

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

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: 0.56
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

2.3

Analyst's Opinion

Consensus Rating
Canadian Natural Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 8 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$94.33, Canadian Natural Resources has a forecasted upside of 4.6% from its current price of C$90.18.
Amount of Analyst Coverage
Canadian Natural Resources has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for CNQ.

2.5

Dividend Strength

Dividend Leadership
Canadian Natural Resources is a leading dividend payer. It pays a dividend yield of 4.48%, 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 61.82%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CNQ.

2.5

News and Social Media Coverage

News Sentiment
Canadian Natural Resources has a news sentiment score of 0.56. 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 higher news sentiment than the 0.33 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Canadian Natural Resources this week, compared to 1 article on an average week.
Search Interest
Only 25 people have searched for CNQ on MarketBeat in the last 30 days. This is a decrease of -4% compared to the previous 30 days.
MarketBeat Follows
Only 8 people have added Canadian Natural Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -43% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Natural Resources insiders have sold 33,916.41% more of their company's stock than they have bought. Specifically, they have bought C$43,745.00 in company stock and sold C$14,880,478.00 in company stock.
Percentage Held by Insiders
Only 2.22% of the stock of Canadian Natural Resources is held by insiders.
Percentage Held by Institutions
78.72% 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.

2.5

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Natural Resources is 13.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Natural Resources is 13.94, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 115.31.
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 2.47. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

CNQ Stock News Headlines

November 24, 2023 | investing.com

Canadian Natural Resources raises quarterly cash dividend by 11%

November 23, 2023 | americanbankingnews.com

Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$920,000.00 in Stock

November 30, 2023 | Autonomix (Ad)

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November 21, 2023 | finance.yahoo.com

The Return Trends At Canadian Natural Resources (TSE:CNQ) Look Promising

November 11, 2023 | seekingalpha.com

Canadian Natural Resources: 2024, The Year Of The Shareholder

November 4, 2023 | msn.com

Canadian Natural tops Q3 profit estimates, names insider Stauth as president

November 4, 2023 | msn.com

>16% Yield Potential - Why I Believe Canadian Natural Is The Best Oil Stock Money Can Buy

November 4, 2023 | markets.businessinsider.com

Analysts Offer Insights on NA Companies: Paramount Resources (OtherPRMRF), Canadian Natural (CNQ) and ARC Resources (OtherAETUF)

November 30, 2023 | Autonomix (Ad)

[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity

November 3, 2023 | ca.finance.yahoo.com

Natural Resources Hits 52-Week High on News

November 2, 2023 | finance.yahoo.com

UPDATE 2-Canadian Natural posts lower Q3 profit, says president to step down next year

November 2, 2023 | ca.finance.yahoo.com

Canadian Natural posts lower Q3 profit, says president to step down next year

October 26, 2023 | finance.yahoo.com

Earnings Preview: Canadian Natural Resources (CNQ) Q3 Earnings Expected to Decline

October 23, 2023 | finance.yahoo.com

Canadian Natural Resources (TSE:CNQ) shareholders have earned a 70% CAGR over the last three years

October 13, 2023 | baystreet.ca

Natural Resources, 1CM, MEG at 52-Week Highs

October 12, 2023 | markets.businessinsider.com

Canadian Natural (CNQ) Receives a Rating Update from a Top Analyst

October 10, 2023 | finance.yahoo.com

OVV vs. CNQ: Which Stock Should Value Investors Buy Now?

October 5, 2023 | fool.ca

CNQ Stock Is up 25% in 2023! Is the Stock a Buy Now?

September 30, 2023 | msn.com

Canadian Natural Resources: More Reliable Dividends Is Tough To Find

September 27, 2023 | finance.yahoo.com

Zacks Industry Outlook Highlights Canadian Natural Resources, Crescent Point Energy and Enerplus

September 25, 2023 | msn.com

18% Yield Potential At $100 Oil: Why Canadian Natural Is My Favorite Oil Play

September 24, 2023 | finance.yahoo.com

The 3 Most Undervalued Oil Stocks to Buy in September 2023

August 31, 2023 | benzinga.com

Here's How Much $100 Invested In Canadian Natural Res 20 Years Ago Would Be Worth Today

August 15, 2023 | finance.yahoo.com

Canadian (CNQ) Q2 Earnings Fall Y/Y, Sales Beat Estimates

August 3, 2023 | msn.com

Canadian Natural Resources moves higher after Q2 earnings topper

July 28, 2023 | finance.yahoo.com

Ovintiv (OVV) Tops Q2 Earnings and Revenue Estimates

July 20, 2023 | benzinga.com

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

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Oil & Gas E&P
Sub-Industry: N/A
Sector: Energy
Current Symbol: TSE:CNQ
CUSIP: N/A
CIK: N/A
Web: www.cnrl.com
Phone: +1-403-5147605
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

EPS (Most Recent Fiscal Year): C$6.47
Trailing P/E Ratio: 13.94
Forward P/E Ratio: 11.38
P/E Growth: 0.53
Net Income: C$7.13 billion
Net Margins: 19.74%
Pretax Margin: N/A
Return on Equity: 18.33%
Return on Assets: 7.12%

Debt

Debt-to-Equity Ratio: 33.13
Current Ratio: 0.91
Quick Ratio: 0.54

Sales & Book Value

Annual Sales: C$36.10 billion
Price / Sales: 2.72
Cash Flow: C$1.05 per share
Price / Cash Flow: 85.85
Book Value: C$36.45 per share
Price / Book: 2.47

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

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

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

Canadian Natural Resources MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Canadian Natural Resources Stock (TSE:CNQ)

CNQ Stock Price History

CNQ Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

CNQ Stock Analysis - Frequently Asked Questions

Overall MarketRank^™