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TSE:CNQ

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

C$74.02
+0.89 (+1.22%)
(As of 12:15 PM ET)
Compare
Today's Range
C$72.81
▼
C$74.08
50-Day Range
C$70.59
▼
C$82.85
52-Week Range
C$58.75
▼
C$86.64
Volume
749,765 shs
Average Volume
5.48 million shs
Market Capitalization
C$80.68 billion
P/E Ratio
8.70
Dividend Yield
4.86%
Price Target
C$91.79
ProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesOptions ChainSocial Media

Canadian Natural Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.56 Rating Score
Upside/​Downside
25.5% Upside
C$91.79 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.54mentions of Canadian Natural Resources in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
C$5.33 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.

2.79 out of 5 stars

See Top Rated MarketRank™ Stocks Here

CNQ stock logo

About Canadian Natural Resources (TSE:CNQ) Stock

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream and refining assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2020, the company had total proved crude oil, bitumen, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, and NGLs reserves were 13,271 MMbbl; proved SCO reserves were 6,998 MMbbl; total proved plus probable SCO reserves were 7,535 MMbbl; proved natural gas reserves were 12,168 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 20,249 Bcf. 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.

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CNQ Stock News Headlines

May 30, 2023 | msn.com
Better Dividend Buy: Suncor Energy or Canadian Natural Resources Stock?
May 29, 2023 | americanbankingnews.com
Stephen W. Laut Sells 60,000 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock
June 1, 2023 | Edge On The Street (Ad)
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
May 27, 2023 | americanbankingnews.com
Canadian Natural Resources Limited (TSE:CNQ) Receives Average Recommendation of "Moderate Buy" from Analysts
May 25, 2023 | msn.com
Canadian Natural Resources Ltd Down 2.97% on Thursday
May 24, 2023 | msn.com
Canadian Natural Resources Ltd Down 1.25% Despite Mixed Performance of Peers
May 12, 2023 | msn.com
Better Buy: Suncor Stock vs. Canadian Natural Resources [PREMIUM ANALYSIS]
May 8, 2023 | americanbankingnews.com
National Bankshares Cuts Canadian Natural Resources (TSE:CNQ) Price Target to C$105.00
June 1, 2023 | Edge On The Street (Ad)
ChatGPT Is Already "Old School"
As good as ChatGPT is at writing content, it still doesn't understand what it's saying. But a new AI technology breakthrough will understand and process information like a human. One young company is leading the way.
May 6, 2023 | americanbankingnews.com
Canadian Natural Resources (TSE:CNQ) Price Target Cut to C$95.00 by Analysts at Stifel Nicolaus
May 4, 2023 | msn.com
Canadian Natural first-quarter profit falls on lower oil prices
May 4, 2023 | financialpost.com
Canadian Natural Resources misses first-quarter profit estimates on lower oil prices
May 4, 2023 | ca.finance.yahoo.com
Canadian Natural Resources reports Q1 profit down from year ago, production up
April 30, 2023 | americanbankingnews.com
Canadian Natural Resources Limited (TSE:CNQ) Receives C$92.47 Average Price Target from Analysts
April 27, 2023 | americanbankingnews.com
Q1 2023 EPS Estimates for Canadian Natural Resources Limited Decreased by Stifel Firstegy (TSE:CNQ)
April 26, 2023 | finance.yahoo.com
CVR Energy (CVI) Q1 Earnings on Deck: Here's How It Will Fare
April 25, 2023 | americanbankingnews.com
Research Analysts Offer Predictions for Canadian Natural Resources Limited's FY2024 Earnings (TSE:CNQ)
April 22, 2023 | marketwatch.com
Canadian Natural Resources Ltd. stock rises Friday, outperforms market
April 21, 2023 | finance.yahoo.com
NOV Q1 Earnings Preview: Here's Everything You Need to Know
April 21, 2023 | americanbankingnews.com
Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$110.00
April 20, 2023 | msn.com
Better Buy for Passive Income: Enbridge Stock or Canadian Natural Resources Stock?
April 20, 2023 | americanbankingnews.com
National Bank Financial Raises Canadian Natural Resources (TSE:CNQ) Price Target to C$110.00
April 19, 2023 | americanbankingnews.com
Canadian Natural Resources (TSE:CNQ) PT Lowered to C$90.00
April 19, 2023 | americanbankingnews.com
Canadian Natural Resources Limited (TSE:CNQ) Expected to Earn Q1 2023 Earnings of $1.84 Per Share
April 18, 2023 | americanbankingnews.com
FY2023 Earnings Estimate for Canadian Natural Resources Limited Issued By Jefferies Financial Group (TSE:CNQ)
April 16, 2023 | americanbankingnews.com
Scotiabank Increases Canadian Natural Resources (TSE:CNQ) Price Target to C$87.00
April 16, 2023 | americanbankingnews.com
Zacks Research Analysts Reduce Earnings Estimates for Canadian Natural Resources Limited (TSE:CNQ)
See More Headlines

CNQ Price History

CNQ Company Calendar

Ex-Dividend for 4/5 Dividend
3/16/2023
Dividend Payable
4/05/2023
Today
6/01/2023
Ex-Dividend for 7/5 Dividend
6/15/2023
Dividend Payable
7/05/2023
Next Earnings (Estimated)
8/03/2023
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
TSE
Industry
Oil & Gas E & P
Sub-Industry
N/A
Sector
Oils/Energy
Current Symbol
TSE:CNQ
CUSIP
N/A
CIK
N/A
Web
www.cnrl.com
Phone
+1-403-5147605
Fax
N/A
Employees
9,735
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$91.79
High Stock Price Forecast
C$110.00
Low Stock Price Forecast
C$80.00
Forecasted Upside/Downside
+25.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.56
Research Coverage
9 Analysts

Profitability

EPS (Most Recent Fiscal Year)
C$8.51
Trailing P/E Ratio
8.59
Forward P/E Ratio
9.27
P/E Growth
0.53
Net Income
C$9.64 billion
Net Margins
23.94%
Pretax Margin
N/A
Return on Equity
25.00%
Return on Assets
10.73%

Debt

Debt-to-Equity Ratio
35.14
Current Ratio
0.83
Quick Ratio
0.54

Sales & Book Value

Annual Sales
C$40.25 billion
Price / Sales
1.98
Cash Flow
C$0.85 per share
Price / Cash Flow
85.85
Book Value
C$35.16 per share
Price / Book
2.08

Miscellaneous

Outstanding Shares
1,090,000,000
Free Float
N/A
Market Cap
C$79.71 billion
Optionable
Optionable
Beta
2.02

Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 63)
    Exec. Chairman
    Comp: $12.47M
  • Mr. Timothy Shawn McKay (Age 61)
    Pres & Director
    Comp: $7.14M
  • Mr. Mark A. Stainthorpe C.F.A. (Age 45)
    CFO & Sr. VP of Fin.
    Comp: $2.19M
  • Mr. Scott G. Stauth (Age 57)
    Chief Operating Officer of Oil Sands
    Comp: $2.89M
  • Mr. Darren M. Fichter (Age 52)
    Chief Operating Officer of Exploration & Production
    Comp: $2.36M
  • Mr. Ronald Dae Jung Kim C.A.
    Principal Accounting Officer & VP of Fin.
  • Mr. Joy P. Romero (Age 66)
    Vice-Pres of Technology & Innovation
  • Mr. Stephen C. Suche (Age 63)
    Vice-Pres of Information & Corp. Services
  • Lance J. Casson
    Mang. of Investor Relations
  • Paul M. Mendes (Age 57)
    VP of Legal, Gen. Counsel & Corp. Sec.

Key Competitors

View All Competitors

Insiders

View All Insider Transactions













CNQ Stock - Frequently Asked Questions

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

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CNQ shares.
View CNQ analyst ratings or view top-rated stocks.

What is Canadian Natural Resources' stock price forecast for 2023?

9 equities research analysts have issued 1 year price objectives for Canadian Natural Resources' shares. Their CNQ share price forecasts range from C$80.00 to C$110.00. On average, they predict the company's share price to reach C$91.79 in the next twelve months. This suggests a possible upside of 25.2% 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 on January 1st, 2023. Since then, CNQ stock has decreased by 2.5% and is now trading at C$73.29.
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, August 3rd 2023.
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 declared a quarterly dividend on Thursday, May 4th. Investors of record on Friday, June 16th will be paid a dividend of 0.90 per share on Wednesday, July 5th. This represents a $3.60 annualized dividend and a yield of 4.91%. The ex-dividend date is Thursday, June 15th.
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 4.79%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 42.30%. 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$73.29.

How much money does Canadian Natural Resources make?

Canadian Natural Resources (TSE:CNQ) has a market capitalization of C$79.89 billion and generates C$40.25 billion in revenue each year. The company earns C$9.64 billion in net income (profit) each year or C$8.51 on an earnings per share basis.

How many employees does Canadian Natural Resources have?

The company employs 9,735 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 6/1/2023 by MarketBeat.com Staff

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