TSE:CNQ Canadian Natural Resources (CNQ) Stock Forecast, Price & News C$87.11 +2.01 (+2.36%) (As of 09/26/2023 ET) Add Compare Share Share Today's RangeC$84.48▼C$87.7750-Day RangeC$76.09▼C$89.3852-Week RangeC$61.45▼C$90.15Volume12.38 million shsAverage Volume6.47 million shsMarket CapitalizationC$94.95 billionP/E Ratio12.75Dividend Yield4.13%Price TargetC$90.88 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media Canadian Natural Resources MarketRank™ ForecastAnalyst RatingModerate Buy2.73 Rating ScoreUpside/Downside4.3% UpsideC$90.88 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews Sentiment0.45Based on 3 Articles This WeekInsider TradingSelling SharesC$1.65 M Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.45 out of 5 stars 2.4 Analyst's Opinion Consensus RatingCanadian Natural Resources has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 8 buy ratings, 3 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$90.88, Canadian Natural Resources has a forecasted upside of 4.3% from its current price of C$87.11.Amount of Analyst CoverageCanadian Natural Resources has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for CNQ. Previous Next 2.5 Dividend Strength Dividend LeadershipCanadian Natural Resources is a leading dividend payer. It pays a dividend yield of 4.33%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthCanadian Natural Resources does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Canadian Natural Resources is 52.71%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for CNQ. Previous Next 2.5 News and Social Media Coverage News SentimentCanadian Natural Resources has a news sentiment score of 0.45. 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 news sentiment score is similar to the average news sentiment of Energy companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Canadian Natural Resources this week, compared to 2 articles on an average week.Search InterestOnly 30 people have searched for CNQ on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.MarketBeat Follows13 people have added Canadian Natural Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 86% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn 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$1,649,235.00 in company stock.Percentage Held by InsidersOnly 2.22% of the stock of Canadian Natural Resources is held by insiders.Percentage Held by Institutions78.72% 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. Previous Next 2.5 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Canadian Natural Resources is 12.75, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 120.06.Price to Earnings Ratio vs. SectorThe P/E ratio of Canadian Natural Resources is 12.75, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 110.08.Price to Earnings Growth RatioCanadian 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 RatioCanadian Natural Resources has a P/B Ratio of 2.46. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Canadian Natural Resources (TSE:CNQ) StockCanadian 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.Read More CNQ Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CNQ Stock News HeadlinesSeptember 25, 2023 | msn.com18% Yield Potential At $100 Oil: Why Canadian Natural Is My Favorite Oil PlaySeptember 24, 2023 | americanbankingnews.comCanadian Natural Resources Limited (TSE:CNQ) Given Consensus Rating of "Moderate Buy" by BrokeragesSeptember 27, 2023 | Legacy Research (Ad)WARNING: Mandatory U.S. Dollar Recall is Weeks AwayIf you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.September 24, 2023 | finance.yahoo.comThe 3 Most Undervalued Oil Stocks to Buy in September 2023September 19, 2023 | americanbankingnews.comRoyal Bank of Canada Increases Canadian Natural Resources (TSE:CNQ) Price Target to C$90.00September 19, 2023 | americanbankingnews.comCanadian Natural Resources (TSE:CNQ) Price Target Raised to C$96.00 at DesjardinsAugust 31, 2023 | benzinga.comHere's How Much $100 Invested In Canadian Natural Res 20 Years Ago Would Be Worth TodayAugust 15, 2023 | finance.yahoo.comCanadian (CNQ) Q2 Earnings Fall Y/Y, Sales Beat EstimatesSeptember 27, 2023 | Legacy Research (Ad)WARNING: Mandatory U.S. Dollar Recall is Weeks AwayIf you have any U.S. dollars in your bank account… You must see this shocking video exposing the government’s new plan to recall the U.S. dollar. According to Business Insider, this recall “could be imminent.” And if you don’t prepare now, you could end up holding a bunch of worthless U.S. dollars.August 3, 2023 | msn.comCanadian Natural Resources moves higher after Q2 earnings topperJuly 28, 2023 | finance.yahoo.comOvintiv (OVV) Tops Q2 Earnings and Revenue EstimatesJuly 20, 2023 | benzinga.comA Look Into Canadian Natural Res' DebtJuly 17, 2023 | finance.yahoo.comIs Weakness In Canadian Natural Resources Limited (TSE:CNQ) Stock A Sign That The Market Could be Wrong Given Its Strong Financial Prospects?July 13, 2023 | markets.businessinsider.comRBC Capital Sticks to Their Buy Rating for Canadian Natural (CNQ)June 29, 2023 | seekingalpha.comCanadian Natural Resources: Big Upside With Less VolatilityJune 27, 2023 | finance.yahoo.com3 Large-Cap Energy Stocks Offering Stability & Dividend YieldJune 2, 2023 | finance.yahoo.comCanadian Natural Resources (TSE:CNQ) Is Looking To Continue Growing Its Returns On CapitalMay 30, 2023 | msn.comBetter Dividend Buy: Suncor Energy or Canadian Natural Resources Stock?May 25, 2023 | msn.comCanadian Natural Resources Ltd Down 2.97% on ThursdayMay 24, 2023 | msn.comCanadian Natural Resources Ltd Down 1.25% Despite Mixed Performance of PeersMay 12, 2023 | msn.comBetter Buy: Suncor Stock vs. Canadian Natural Resources [PREMIUM ANALYSIS]May 4, 2023 | msn.comCanadian Natural first-quarter profit falls on lower oil pricesMay 4, 2023 | financialpost.comCanadian Natural Resources misses first-quarter profit estimates on lower oil pricesMay 4, 2023 | ca.finance.yahoo.comCanadian Natural Resources reports Q1 profit down from year ago, production upApril 26, 2023 | finance.yahoo.comCVR Energy (CVI) Q1 Earnings on Deck: Here's How It Will FareApril 22, 2023 | marketwatch.comCanadian Natural Resources Ltd. stock rises Friday, outperforms marketApril 21, 2023 | finance.yahoo.comNOV Q1 Earnings Preview: Here's Everything You Need to KnowSee More Headlines Receive CNQ Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Canadian Natural Resources and its competitors with MarketBeat's FREE daily newsletter. Email Address CNQ Company Calendar Ex-Dividend for 7/5 Dividend6/15/2023Dividend Payable7/05/2023Last Earnings8/03/2023Ex-Dividend for 10/5 Dividend9/14/2023Today9/27/2023Dividend Payable10/05/2023Next Earnings (Estimated)11/02/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Oil & Gas E&P Sub-IndustryN/A SectorEnergy Current SymbolTSE:CNQ CUSIPN/A CIKN/A Webwww.cnrl.com Phone+1-403-5147605FaxN/AEmployees10,035Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$90.88 High Stock Price ForecastC$97.00 Low Stock Price ForecastC$82.00 Forecasted Upside/Downside+4.3%Consensus RatingModerate Buy Rating Score (0-4)2.73 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)C$6.83 Trailing P/E Ratio12.75 Forward P/E Ratio10.94 P/E Growth0.53Net IncomeC$7.60 billion Net Margins20.72% Pretax MarginN/A Return on Equity19.48% Return on Assets7.99% Debt Debt-to-Equity Ratio35.40 Current Ratio0.69 Quick Ratio0.54 Sales & Book Value Annual SalesC$36.67 billion Price / Sales2.59 Cash FlowC$1.01 per share Price / Cash Flow85.85 Book ValueC$35.38 per share Price / Book2.46Miscellaneous Outstanding Shares1,090,000,000Free FloatN/AMarket CapC$94.95 billion OptionableOptionable Beta2.01 Investing Strategies To Help Grow Your Retirement IncomeNeed to stretch out your 401K or Roth IRA plan? Use these time-tested investing strategies to grow the monthly retirement income that your stock portfolio generates.Get This Free Report Key ExecutivesMr. Norman Murray Edwards O.C. (Age 63)Exec. Chairman Comp: $12.01MMr. Timothy Shawn McKay (Age 61)Pres & Director Comp: $6.72MMr. Mark A. Stainthorpe C.F.A. (Age 45)CFO & Sr. VP of Fin. Comp: $2.22MMr. Scott G. Stauth (Age 57)Chief Operating Officer of Oil Sands Comp: $2.74MTrevor J. Cassidy (Age 49)Chief Operating Officer of Exploration & Production Comp: $1.71MVictor Clinton Darel C.A. (Age 46)CPA, VP of Fin. & Principal Accounting Officer Lance J. CassonMang. of Investor RelationsBrenda Gayle BalogVP of Legal & Gen. CounselMr. Ronald Keith Laing (Age 53)Sr. Vice-Pres of Corp. Devel. & Land Mark Anthony Overwater (Age 55)Vice-Pres of Marketing More ExecutivesKey CompetitorsEnbridgeTSE:ENBSuncor EnergyTSE:SUCenovus EnergyTSE:CVETC EnergyTSE:TRPImperial OilTSE:IMOView All CompetitorsInsidersErin Louise LunnSold 2,360 sharesTotal: C$205,650.40 ($87.14/share)Dwayne Frederick GiggsSold 1,018 sharesTotal: C$86,010.82 ($84.49/share)Troy John Peter AndersenSold 9,500 sharesTotal: C$786,128.80 ($82.75/share)Kyle Grayson PisioSold 2,500 sharesTotal: C$207,550.00 ($83.02/share)Stephen W. LautSold 5,000 sharesTotal: C$363,895.00 ($72.78/share)View All Insider Transactions CNQ Stock - Frequently Asked Questions Should I buy or sell Canadian Natural Resources stock right now? 11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. 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. View CNQ analyst ratings or view top-rated stocks. What is Canadian Natural Resources' stock price forecast for 2023? 11 analysts have issued 1-year price objectives for Canadian Natural Resources' stock. Their CNQ share price forecasts range from C$82.00 to C$97.00. On average, they predict the company's stock price to reach C$90.88 in the next year. This suggests a possible upside of 4.3% 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 15.9% and is now trading at C$87.11. 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, November 2nd 2023. View our CNQ earnings forecast. How were Canadian Natural Resources' earnings last quarter? Canadian Natural Resources Limited (TSE:CNQ) released its quarterly earnings data on Thursday, August, 3rd. The company reported $1.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by $0.02. The business earned $7.89 billion during the quarter, compared to analyst estimates of $7.19 billion. Canadian Natural Resources had a net margin of 20.72% and a trailing twelve-month return on equity of 19.48%. How often does Canadian Natural Resources pay dividends? What is the dividend yield for Canadian Natural Resources? Canadian Natural Resources declared a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Friday, September 15th will be given a dividend of 0.90 per share on Thursday, October 5th. This represents a $3.60 annualized dividend and a yield of 4.13%. The ex-dividend date of this dividend is Thursday, September 14th. 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$3.60 per share and currently has a dividend yield of 4.33%. 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. 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). What is Canadian Natural Resources' stock symbol? Canadian Natural Resources trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CNQ." 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 is Canadian Natural Resources' stock price today? One share of CNQ stock can currently be purchased for approximately C$87.11. How much money does Canadian Natural Resources make? Canadian Natural Resources (TSE:CNQ) has a market capitalization of C$94.95 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. How many employees does Canadian Natural Resources have? The company employs 10,035 workers across the globe. How can I contact Canadian Natural Resources? 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. This page (TSE:CNQ) was last updated on 9/27/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Canadian Natural Resources Limited Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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