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

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 5 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 target for 2024?

13 Wall Street research analysts have issued 1-year price targets for Canadian Natural Resources' stock. Their CNQ share price targets range from C$86.00 to C$124.00. On average, they anticipate the company's stock price to reach C$106.67 in the next year. This suggests a possible upside of 0.8% 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 2024?

Canadian Natural Resources' stock was trading at C$86.81 at the start of the year. Since then, CNQ shares have increased by 21.9% and is now trading at C$105.84. View the best growth stocks for 2024 here .

When is Canadian Natural Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our CNQ earnings forecast .

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (TSE:CNQ) announced its quarterly earnings results on Thursday, February, 29th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.20. The business had revenue of $9.55 billion for the quarter, compared to the consensus estimate of $9.04 billion. Canadian Natural Resources had a trailing twelve-month return on equity of 21.11% and a net margin of 22.89%.

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, February 29th. Stockholders of record on Friday, March 15th will be paid a dividend of 1.05 per share on Friday, April 5th. This represents a $4.20 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of C$1.00. 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$3.85 per share and currently has a dividend yield of 3.53%. The dividend payout ratio is 51.54%. 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 .

TSE:CNQ

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

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Free CNQ Stock Alerts

C$105.84

-0.46 (-0.43%)

(As of 04/18/2024 ET)

Compare

Today's Range: C$104.82
▼
C$106.83
50-Day Range: C$80.60
▼
C$112.61
52-Week Range: C$69.83
▼
C$112.99

Volume: 2.96 million shs
Average Volume: 6.38 million shs
Market Capitalization: C$113.25 billion

P/E Ratio: 14.17
Dividend Yield: 3.64%
Price Target: C$106.67

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Get Canadian Natural Resources alerts:

Canadian Natural Resources MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.62 Rating Score
Upside/Downside: 0.8% Upside
C$106.67 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.31
Based on 3 Articles This Week
Insider Trading: Selling Shares
C$32.57 M 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.

3.74 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 2.62, and is based on 8 buy ratings, 5 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Canadian Natural Resources has been the subject of 11 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 3.53%, 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 51.54%. 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.

4.1

News and Social Media Coverage

News Sentiment
Canadian Natural Resources has a news sentiment score of 1.31. 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 0.42 average news sentiment score of Energy companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Canadian Natural Resources this week, compared to 2 articles on an average week.
Search Interest
39 people have searched for CNQ on MarketBeat in the last 30 days. This is an increase of 3% compared to the previous 30 days.
MarketBeat Follows
28 people have added Canadian Natural Resources to their MarketBeat watchlist in the last 30 days. This is an increase of 211% 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 74,322.09% more of their company's stock than they have bought. Specifically, they have bought C$43,761.00 in company stock and sold C$32,567,851.00 in company stock.
Percentage Held by Insiders
Only 2.20% of the stock of Canadian Natural Resources is held by insiders.
Percentage Held by Institutions
79.02% 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 14.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.80.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Natural Resources is 14.17, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 97.07.
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 2.85. 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

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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

April 10, 2024 | insidertrades.com

Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 3,000 Shares of Stock

April 6, 2024 | insidertrades.com

Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Erin Louise Lunn Sells 3,664 Shares

April 18, 2024 | Gold Safe Exchange (Ad)

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April 5, 2024 | marketbeat.com

5 High Short Interest Stocks Getting Squeezed With Upside To Go (CNQ)

High short interest fuels rallies in these blue chip stocks that analysts support. Upward price target revisions suggest a double-digit upside for them.

April 5, 2024 | insidertrades.com

Insider Buying: Canadian Natural Resources Limited (TSE:CNQ) Director Purchases 414 Shares of Stock

March 26, 2024 | insidertrades.com

Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Scott Gerald Stauth Sells 13,250 Shares

March 22, 2024 | insidertrades.com

Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Devin Craig Lowe Sells 3,750 Shares

April 14, 2024 | americanbankingnews.com

Jefferies Financial Group Increases Canadian Natural Resources (TSE:CNQ) Price Target to C$110.00

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

April 11, 2024 | finance.yahoo.com

Exploring Secure Energy Services Among Top 3 Canadian Dividend Stocks

April 11, 2024 | americanbankingnews.com

Canadian Natural Resources Limited (TSE:CNQ) Receives Average Rating of "Moderate Buy" from Analysts

April 10, 2024 | americanbankingnews.com

Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Warren Paul Raczynski Sells 3,000 Shares of Stock

April 10, 2024 | americanbankingnews.com

Canadian Natural Resources (TSE:CNQ) Given New C$120.00 Price Target at Royal Bank of Canada

April 10, 2024 | americanbankingnews.com

Canadian Natural Resources (TSE:CNQ) Price Target Increased to C$124.00 by Analysts at UBS Group

April 9, 2024 | americanbankingnews.com

Canadian Natural Resources (TSE:CNQ) Price Target Increased to C$115.00 by Analysts at Evercore

April 9, 2024 | americanbankingnews.com

Canadian Natural Resources (TSE:CNQ) Sets New 1-Year High After Analyst Upgrade

April 4, 2024 | seekingalpha.com

Expanded Trans Mountain system to start operating May 1, surprising analysts

April 2, 2024 | wsj.com

Canadian Natural Resources Ltd.

April 1, 2024 | finance.yahoo.com

Investing in Canadian Natural Resources (TSE:CNQ) three years ago would have delivered you a 212% gain

March 12, 2024 | fool.ca

Dividend Investors: Top Canadian Energy Stocks for March 2024

March 12, 2024 | finance.yahoo.com

Zacks Industry Outlook Highlights Canadian Natural Resources, Ovintiv and Baytex Energy

March 8, 2024 | msn.com

Canadian Natural Resources announces normal course issuer bid

March 4, 2024 | finance.yahoo.com

Top Research Reports for Broadcom, TotalEnergies & Lam Research

March 4, 2024 | finance.yahoo.com

Analysts Have Made A Financial Statement On Canadian Natural Resources Limited's (TSE:CNQ) Annual Report

March 3, 2024 | finance.yahoo.com

Canadian Natural Resources (TSE:CNQ) Will Pay A Larger Dividend Than Last Year At CA$1.05

March 1, 2024 | ca.finance.yahoo.com

Canadian Natural Resources Stock Hits a New High. So Is CNQ a Best Stock to Buy Now?

February 29, 2024 | seekingalpha.com

Canadian Natural Resources reports Q4 results

See More Headlines

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Company Calendar

Last Earnings: 2/29/2024
Ex-Dividend for 4/5 Dividend: 3/14/2024
Dividend Payable: 4/05/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/02/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Energy
Industry: Oil & Gas E&P
Sub-Industry: N/A
Current Symbol: TSE:CNQ
CUSIP: N/A
CIK: N/A
Web: www.cnrl.com
Phone: +1-403-5147605
Fax: N/A
Employees: 10,272
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$106.67
High Stock Price Target: C$124.00
Low Stock Price Target: C$86.00
Potential Upside/Downside: +0.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.62
Research Coverage: 13 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$7.47
Trailing P/E Ratio: 14.17
Forward P/E Ratio: 13.91
P/E Growth: 0.53
Net Income: C$8.23 billion
Net Margins: 22.89%
Pretax Margin: N/A
Return on Equity: 21.11%
Return on Assets: 8.58%

Debt

Debt-to-Equity Ratio: 31.01
Current Ratio: 0.96
Quick Ratio: 0.54

Sales & Book Value

Annual Sales: C$35.97 billion
Price / Sales: 3.15
Cash Flow: C$1.23 per share
Price / Cash Flow: 85.85
Book Value: C$37.14 per share
Price / Book: 2.85

Miscellaneous

Outstanding Shares: 1,070,000,000
Free Float: N/A
Market Cap: C$113.25 billion
Optionable: Not Optionable
Beta: 1.98

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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 E&P
Comp: $1.29M
Victor Clinton Darel C.A. (Age 47)
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 54)
Senior Vice-President of Corporate Development & Land
Mark Anthony Overwater (Age 55)
Vice-President of Marketing
Dean W. Halewich (Age 56)
Senior Vice-President of Safety, Risk Management & Innovation

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

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 has shown consistent revenue growth, with strong earnings per share (EPS) performance, beating analyst estimates.
The company has a healthy dividend yield of 4.08%, providing investors with a steady income stream.
Recent analyst upgrades and price target increases indicate positive sentiment towards the stock, potentially leading to price appreciation.
Canadian Natural Resources has a strong market capitalization of C$110.16 billion, reflecting its stability and size in the market.
The stock price has been trading near its 52-week high, indicating positive momentum and investor confidence in the company's performance.

Cons

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

The company's debt-to-equity ratio of 31.01 may raise concerns about its financial leverage and ability to manage debt effectively.
While the dividend yield is attractive, the payout ratio of 51.54% suggests a significant portion of earnings is being distributed as dividends, potentially limiting reinvestment for growth.
Market volatility and fluctuations in commodity prices, particularly in the energy sector where Canadian Natural Resources operates, can impact the company's financial performance.
High beta of 1.98 indicates the stock is more volatile compared to the market, which may not be suitable for conservative investors seeking stability.
Despite recent positive performance, investors should consider the cyclical nature of the energy industry, which can lead to fluctuations in stock price based on market conditions.

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 Wednesday, April 10, 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

Should I buy or sell Canadian Natural Resources stock right now?: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 5 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 target for 2024?: 13 Wall Street research analysts have issued 1-year price targets for Canadian Natural Resources' stock. Their CNQ share price targets range from C$86.00 to C$124.00. On average, they anticipate the company's stock price to reach C$106.67 in the next year. This suggests a possible upside of 0.8% 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 2024?: Canadian Natural Resources' stock was trading at C$86.81 at the start of the year. Since then, CNQ shares have increased by 21.9% and is now trading at C$105.84.
View the best growth stocks for 2024 here.
When is Canadian Natural Resources' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our CNQ earnings forecast.
How were Canadian Natural Resources' earnings last quarter?: Canadian Natural Resources Limited (TSE:CNQ) announced its quarterly earnings results on Thursday, February, 29th. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.14 by $0.20. The business had revenue of $9.55 billion for the quarter, compared to the consensus estimate of $9.04 billion. Canadian Natural Resources had a trailing twelve-month return on equity of 21.11% and a net margin of 22.89%.

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, February 29th. Stockholders of record on Friday, March 15th will be paid a dividend of 1.05 per share on Friday, April 5th. This represents a $4.20 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of C$1.00.
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$3.85 per share and currently has a dividend yield of 3.53%. The dividend payout ratio is 51.54%. 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 4/18/2024 by MarketBeat.com Staff

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

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

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

Pros

Cons

CNQ Stock Analysis - Frequently Asked Questions

Overall MarketRank^™