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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Germany urged to cap heat in offices this winter to save gas
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Germany urged to cap heat in offices this winter to save gas
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Germans urged to cap heat in offices this winter to save gas
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Italy's Lake Garda shrinks to near-historic low amid drought
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Germany urged to cap heat in offices this winter to save gas
27 U.S. Cities Where Stocks Yield 26% a Year (Ad)pixel
TSE:CNQ

Canadian Natural Resources - CNQ Stock Forecast, Price & News

C$71.86
+0.55 (+0.77%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
C$70.31
C$71.90
50-Day Range
C$61.09
C$85.98
52-Week Range
C$37.82
C$88.18
Volume
2.22 million shs
Average Volume
6.04 million shs
Market Capitalization
C$82.95 billion
P/E Ratio
9.06
Dividend Yield
4.21%
Price Target
C$79.73

Canadian Natural Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.61 Rating Score
Upside/​Downside
10.9% Upside
C$79.73 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.03mentions of Canadian Natural Resources in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
C$13.46 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.

Canadian Natural Resources Stock Performance

CNQ Stock traded up C$0.55 on Friday, reaching C$71.86. 2,218,229 shares of the company were exchanged, compared to its average volume of 6,037,131. Canadian Natural Resources has a 12 month low of C$37.82 and a 12 month high of C$88.18. The stock's fifty day moving average price is C$69.49 and its 200 day moving average price is C$73.87. The firm has a market capitalization of C$82.95 billion and a PE ratio of 9.06. The company has a debt-to-equity ratio of 40.17, a current ratio of 0.75 and a quick ratio of 0.54.

Canadian Natural Resources (TSE:CNQ - Get Rating) (NYSE:CNQ) last issued its earnings results on Thursday, August 4th. The company reported C$3.26 EPS for the quarter, beating the consensus estimate of C$2.85 by C$0.41. The firm had revenue of C$11.48 billion during the quarter, compared to analyst estimates of C$10.04 billion. On average, research analysts anticipate that Canadian Natural Resources will post 10.0999994 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on CNQ. TD Securities increased their target price on shares of Canadian Natural Resources from C$91.00 to C$92.00 and gave the stock a "buy" rating in a research note on Friday, August 5th. Wells Fargo & Company raised their price target on shares of Canadian Natural Resources from C$79.00 to C$84.00 and gave the stock a "na" rating in a report on Friday, May 6th. Raymond James lifted their target price on shares of Canadian Natural Resources from C$87.00 to C$90.00 and gave the company an "outperform" rating in a report on Tuesday, July 5th. Stifel Nicolaus decreased their price target on shares of Canadian Natural Resources from C$115.00 to C$111.00 in a research report on Monday, August 8th. Finally, CIBC raised their price target on shares of Canadian Natural Resources from C$90.00 to C$95.00 in a research report on Thursday, June 9th. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Canadian Natural Resources has a consensus rating of "Moderate Buy" and a consensus target price of C$79.73.

Insiders Place Their Bets

In other news, Director Stephen W. Laut sold 375 shares of the company's stock in a transaction dated 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 approximately C$118,038,226.20. In other Canadian Natural Resources news, Director Stephen W. Laut sold 375 shares of the company's 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 transaction of C$25,087.50. Following the completion of the transaction, the director now owns 1,764,398 shares of the company's stock, valued at approximately C$118,038,226.20. Also, Director Norman Murray Edwards sold 121,832 shares of the 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 value of C$10,262,274.86. Following the completion of the sale, the director now directly owns 21,381,798 shares of the company's stock, valued at approximately C$1,801,052,990.93. In the last three months, insiders sold 160,332 shares of company stock valued at $13,460,381.

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CNQ Stock News 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
8/13/2022
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
+10.9%
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$34.13 billion
Cash Flow
C$0.49 per share
Book Value
C$33.20 per share

Miscellaneous

Outstanding Shares
1,154,338,000
Free Float
N/A
Market Cap
C$82.95 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 equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities 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 12 month price targets for Canadian Natural Resources' stock. Their CNQ share price forecasts range from C$51.00 to C$111.00. On average, they predict the company's stock price to reach C$79.73 in the next year. This suggests a possible upside of 10.9% 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 on January 1st, 2022. Since then, CNQ stock has increased by 34.4% and is now trading at C$71.86.
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 EPS for the quarter, beating the consensus estimate of $2.85 by $0.41. The business had revenue of $11.48 billion for the quarter, compared to the consensus estimate of $10.04 billion.

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 5th. Investors of record on Friday, June 17th will be given a dividend of 0.75 per share on Tuesday, July 5th. This represents a $3.00 annualized dividend and a dividend yield of 4.17%. 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 4.21%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 32.25%. 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$71.86.

How much money does Canadian Natural Resources make?

Canadian Natural Resources (TSE:CNQ) has a market capitalization of C$82.95 billion and generates C$34.13 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 8/14/2022 by MarketBeat.com Staff

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