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TSE:CNQ

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

C$48.70
+0.38 (+0.79%)
(As of 07/22/2024 ET)
Today's Range
C$47.91
C$48.94
50-Day Range
C$46.25
C$105.67
52-Week Range
C$38.74
C$56.49
Volume
3.92 million shs
Average Volume
11.76 million shs
Market Capitalization
C$52.11 billion
P/E Ratio
7.14
Dividend Yield
8.21%
Price Target
C$101.44

Canadian Natural Resources MarketRank™ Stock Analysis

Analyst Rating
Hold
2.43 Rating Score
Upside/​Downside
108.3% Upside
C$101.44 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.90mentions of Canadian Natural Resources in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
C$417,729 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.

4.60 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

270x more lucrative than NVIDIA???
Is the AI boom losing steam? According to the Wall Street Journal, the pace of innovation in AI is slowing down... Its usefulness is limited... And the cost of running AI remains "exorbitant."
270x more lucrative than NVIDIA???
Is the AI boom losing steam? According to the Wall Street Journal, the pace of innovation in AI is slowing down... Its usefulness is limited... And the cost of running AI remains "exorbitant."
Canadian Natural Resources Ltd.
See More Headlines
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Company Calendar

Last Earnings
5/02/2024
Ex-Dividend for 7/5 Dividend
6/17/2024
Dividend Payable
7/05/2024
Today
7/22/2024
Next Earnings (Confirmed)
8/01/2024

Industry, Sector and Symbol

Sector
Energy
Industry
Oil & Gas E&P
Sub-Industry
Petroleum And Natural Gas
CIK
N/A
Fax
N/A
Employees
9,740
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$101.44
High Stock Price Target
C$126.00
Low Stock Price Target
C$49.00
Potential Upside/Downside
+108.3%
Consensus Rating
Hold
Rating Score (0-4)
2.43
Research Coverage
14 Analysts

Profitability

Net Income
C$7.42 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$35.58 billion
Cash Flow
C$0.57 per share
Book Value
C$36.92 per share

Miscellaneous

Outstanding Shares
1,070,000,000
Free Float
N/A
Market Cap
C$52.11 billion
Optionable
Not Optionable
Beta
1.97
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Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 64)
    Executive Chairman
    Comp: $11.62M
  • Mr. Scott G. Stauth (Age 58)
    President & Director
    Comp: $3.8M
  • Mr. Mark A. Stainthorpe C.F.A. (Age 46)
    CFO & Senior VP of Finance
    Comp: $2.57M
  • Robin Sean Zabek (Age 52)
    Chief Operating Officer of Exploration & Production
    Comp: $1.29M
  • Victor Clinton Darel C.A. (Age 42)
    CPA, Senior 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

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

Pros

Here are some ways that investors could benefit from investing in Canadian Natural Resources Limited:

  • Canadian Natural Resources Limited has consistently shown a strong return on equity of 19.01%, indicating efficient use of shareholder funds to generate profits.
  • The company offers a competitive dividend yield of 8.68%, providing investors with a steady income stream.
  • Recent insider buying activities, such as Director Stephen W. Laut acquiring shares, can signal confidence in the company's future performance.
  • Despite missing analysts' EPS estimates by C($0.03), the company's revenue of C$8.24 billion for the quarter exceeded consensus estimates, showcasing strong financial performance.
  • Canadian Natural Resources Limited engages in the exploration, development, and production of crude oil, natural gas, and natural gas liquids, aligning with the demand for energy resources in the market.

Cons

Investors should be bearish about investing in Canadian Natural Resources Limited for these reasons:

  • Insider selling activities, with Senior Officer Devin Craig Lowe selling shares, may raise concerns about the company's future prospects.
  • The dividend payout ratio of 58.65% indicates that a significant portion of the company's earnings is being distributed as dividends, potentially limiting reinvestment for growth.
  • Recent EPS miss compared to analysts' estimates by C($0.03) could suggest potential challenges in meeting market expectations.
  • Senior Officer Erin Louise Lunn and Senior Officer Scott Gerald Stauth selling significant amounts of company stock may raise questions about their confidence in the company's future performance.
  • While the company has a strong net margin of 20.86%, investors should consider the impact of market volatility on the energy sector on the company's profitability.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 30, 2024. Please send any questions or comments about these Canadian Natural Resources pros and cons to contact@marketbeat.com.

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 2024. Since then, CNQ shares have decreased by 43.9% and is now trading at C$48.70.
View the best growth stocks for 2024 here
.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (TSE:CNQ) posted its quarterly earnings data on Thursday, May, 2nd. The company reported $1.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.40 by $0.03. The firm earned $8.24 billion during the quarter, compared to analyst estimates of $8.17 billion. Canadian Natural Resources had a net margin of 20.86% and a trailing twelve-month return on equity of 19.01%.

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 Intact Financial (IFC), Constellation Software (CSU), Enbridge (ENB), Suncor Energy (SU), Bank of Nova Scotia (BNS), Toronto-Dominion Bank (TD) and Air Canada (AC).

This page (TSE:CNQ) was last updated on 7/23/2024 by MarketBeat.com Staff

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