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TSE:CNQ

Canadian Natural Resources - CNQ Stock Forecast, Price & News

C$72.40
+2.05 (+2.91%)
(As of 08/18/2022 12:00 AM ET)
Add
Compare
Today's Range
C$71.40
C$72.48
50-Day Range
C$61.09
C$82.83
52-Week Range
C$37.82
C$88.18
Volume
N/A
Average Volume
6.06 million shs
Market Capitalization
C$83.57 billion
P/E Ratio
7.52
Dividend Yield
4.26%
Price Target
C$79.73

Canadian Natural Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
10.1% Upside
C$79.73 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.97mentions of Canadian Natural Resources in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
C$13.06 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.

2.70 out of 5 stars

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.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CNQ. Scotiabank downgraded shares of Canadian Natural Resources from an "outperform" rating to a "hold" rating and upped their price target for the stock from C$88.00 to C$91.00 in a report on Wednesday, June 8th. JPMorgan Chase & Co. upped their target price on Canadian Natural Resources from C$92.00 to C$94.00 in a report on Friday, August 5th. CSFB set a C$93.00 price target on Canadian Natural Resources and gave the company a "neutral" rating in a research note on Thursday, August 11th. CIBC upped their price objective on Canadian Natural Resources from C$90.00 to C$95.00 in a research note on Thursday, June 9th. Finally, BMO Capital Markets raised their price objective on shares of Canadian Natural Resources from C$92.00 to C$95.00 in a report on Friday, May 6th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$79.73.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock opened at C$70.40 on Thursday. The stock's 50 day moving average price is C$68.59 and its two-hundred day moving average price is C$73.98. The stock has a market capitalization of C$81.27 billion and a price-to-earnings ratio of 7.31. The company has a debt-to-equity ratio of 36.02, a quick ratio of 0.60 and a current ratio of 0.85. Canadian Natural Resources has a 52-week low of C$37.82 and a 52-week high of C$88.18.

Canadian Natural Resources (TSE:CNQ - Get Rating) (NYSE:CNQ) last announced its quarterly earnings data on Thursday, August 4th. The company reported C$3.26 earnings per share for the quarter, beating the consensus estimate of C$2.85 by C$0.41. The company had revenue of C$11.48 billion for the quarter, compared to analyst estimates of C$10.04 billion. On average, equities analysts predict that Canadian Natural Resources will post 10.0200001 earnings per share for the current year.

Insider Transactions at Canadian Natural Resources

In other news, Director Stephen W. Laut sold 375 shares of the stock in a transaction that occurred on Tuesday, July 5th. The stock was sold at an average price of C$66.90, for a total value of C$25,087.50. Following the completion of the sale, the director now directly owns 1,764,398 shares of the company's stock, valued at C$118,038,226.20. In other Canadian Natural Resources news, Director Norman Murray Edwards sold 121,832 shares of Canadian Natural Resources stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of C$84.23, for a total transaction of C$10,262,274.86. Following the transaction, the director now owns 21,381,798 shares of the company's stock, valued at approximately C$1,801,052,990.93. Also, Director Stephen W. Laut sold 375 shares of the company's stock in a transaction that occurred on Tuesday, July 5th. The shares were sold at an average price of C$66.90, for a total value of C$25,087.50. Following the completion of the transaction, the director now directly owns 1,764,398 shares of the company's stock, valued at C$118,038,226.20. Insiders sold a total of 149,582 shares of company stock valued at $12,607,310 over the last three months.

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CNQ Stock News Headlines

Russia Ignites West's Battle for Energy Independence
Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. Western countries are now scrambling for stable, renewable energy. World leaders must find new sources of minerals, such as copper, essential to their transition to energy independence.
3 International Energy Stocks for Dividends And Growth
Russia Ignites West's Battle for Energy Independence
Putin's invasion of Ukraine has revealed the West's dependence on Russia for their energy needs. Western countries are now scrambling for stable, renewable energy. World leaders must find new sources of minerals, such as copper, essential to their transition to energy independence.
See More Headlines
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CNQ Company Calendar

Ex-Dividend for 7/5 Dividend
6/16/2022
Dividend Payable
7/05/2022
Last Earnings
8/04/2022
Today
8/18/2022
Next Earnings (Estimated)
11/03/2022

Industry, Sector and Symbol

Industry
Oil & Gas E&P
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
9,735
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$79.73
High Stock Price Forecast
C$111.00
Low Stock Price Forecast
C$51.00
Forecasted Upside/Downside
+10.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.61
Research Coverage
18 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$39.08 billion
Cash Flow
C$0.54 per share
Book Value
C$34.68 per share

Miscellaneous

Outstanding Shares
1,154,338,000
Free Float
N/A
Market Cap
C$83.57 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Norman Murray Edwards O.C. (Age 62)
    Exec. Chairman
    Comp: $12.47M
  • Mr. Timothy Shawn McKay (Age 60)
    Pres & Director
    Comp: $7.14M
  • Mr. Mark A. Stainthorpe C.F.A. (Age 44)
    CFO & Sr. VP of Fin.
    Comp: $2.19M
  • Mr. Scott G. Stauth (Age 56)
    Chief Operating Officer of Oil Sands
    Comp: $2.89M
  • Mr. Darren M. Fichter (Age 51)
    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 65)
    Vice-Pres of Technology & Innovation
  • Mr. Stephen C. Suche (Age 62)
    Vice-Pres of Information & Corp. Services
  • Lance J. Casson
    Mang. of Investor Relations
  • Paul M. Mendes (Age 56)
    VP of Legal, Gen. Counsel & Corp. Sec.













CNQ Stock - Frequently Asked Questions

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

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research 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 2022?

18 brokers have issued 1 year price objectives for Canadian Natural Resources' shares. Their CNQ share price forecasts range from C$51.00 to C$111.00. On average, they expect the company's share price to reach C$79.73 in the next twelve months. This suggests a possible upside of 10.1% 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 2022?

Canadian Natural Resources' stock was trading at C$53.45 at the beginning of the year. Since then, CNQ stock has increased by 35.5% and is now trading at C$72.40.
View the best growth stocks for 2022 here
.

When is Canadian Natural Resources' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CNQ earnings forecast
.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (TSE:CNQ) posted its earnings results on Thursday, August, 4th. The company reported $3.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.85 by $0.41. The business earned $11.48 billion during the quarter, compared to analyst estimates of $10.04 billion.

How often does Canadian Natural Resources pay dividends? What is the dividend yield for Canadian Natural Resources?

Canadian Natural Resources announced a quarterly dividend on Thursday, May 5th. Stockholders of record on Friday, June 17th will be paid a dividend of 0.75 per share on Tuesday, July 5th. This represents a $3.00 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Thursday, June 16th.
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$2.56 per share and currently has a dividend yield of 4.26%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 26.56%. 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$72.40.

How much money does Canadian Natural Resources make?

Canadian Natural Resources (TSE:CNQ) has a market capitalization of C$83.57 billion and generates C$39.08 billion in revenue each year.

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 8/18/2022 by MarketBeat.com Staff

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