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

11 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" CNQ shares.
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11 brokers have issued 1 year price targets for Canadian Natural Resources' shares. Their CNQ share price forecasts range from C$82.00 to C$97.00. On average, they expect the company's share price to reach C$90.88 in the next twelve months. This suggests a possible upside of 9.3% from the stock's current price.
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Canadian Natural Resources' stock was trading at C$75.19 at the beginning of 2023. Since then, CNQ shares have increased by 10.6% and is now trading at C$83.13.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our CNQ earnings forecast.

Canadian Natural Resources Limited (TSE:CNQ) released its earnings results on Thursday, August, 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by $0.02. The business had revenue of $7.89 billion for the quarter, compared to the consensus estimate 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%.

Canadian Natural Resources announced a quarterly dividend on Wednesday, August 2nd. Stockholders 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 yield of 4.33%. The ex-dividend date is Thursday, September 14th.
Read our dividend analysis for CNQ.

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.

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).

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

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.
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One share of CNQ stock can currently be purchased for approximately C$83.13.

Canadian Natural Resources (TSE:CNQ) has a market capitalization of C$90.61 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.

The company employs 10,035 workers across the globe.

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.