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S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
S&P 500   3,825.33
DOW   31,097.26
QQQ   282.13
TSE:CNQ

Canadian Natural Resources Stock Forecast, Price & News

C$69.17
-0.98 (-1.40%)
(As of 06/30/2022 12:00 AM ET)
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Today's Range
C$67.62
C$70.08
50-Day Range
C$64.60
C$87.04
52-Week Range
C$37.82
C$88.18
Volume
6.62 million shs
Average Volume
6.29 million shs
Market Capitalization
C$79.85 billion
P/E Ratio
8.72
Dividend Yield
4.28%
Price Target
C$78.00

Canadian Natural Resources Stock Forecast (MarketRank)

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
12.8% Upside
C$78.00 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
C$20.80 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

2.44 out of 5 stars

30 days | 90 days | 365 days | Advanced Chart

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Canadian Natural Resources logo

About Canadian Natural Resources (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 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.

CNQ Stock News Headlines

Recap: Canadian Natural Resources Q4 Earnings
See More Headlines

Industry, Sector and Symbol

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

Company Calendar

Ex-Dividend for 4/5 Dividend
3/17/2022
Dividend Payable
4/05/2022
Last Earnings
5/05/2022
Ex-Dividend for 7/5 Dividend
6/16/2022
Today
7/02/2022
Dividend Payable
7/05/2022
Next Earnings (Estimated)
8/04/2022

Price Target and Rating

Average Stock Price Forecast
C$78.00
High Stock Price Forecast
C$111.00
Low Stock Price Forecast
C$51.00
Forecasted Upside/Downside
+12.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.66666666666667
Research Coverage
18 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$34.13 billion
Cash Flow
C$0.43 per share
Book Value
C$33.20 per share

Miscellaneous

Outstanding Shares
1,154,338,000
Free Float
N/A
Market Cap
C$79.85 billion
Optionable
Optionable
Beta
N/A














Canadian Natural Resources 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 year. There are currently 6 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" Canadian Natural Resources stock.
View analyst ratings for Canadian Natural Resources
or view top-rated stocks.

What is Canadian Natural Resources' stock price forecast for 2022?

18 brokers have issued 12-month price objectives for Canadian Natural Resources' shares. Their CNQ stock forecasts range from C$51.00 to C$111.00. On average, they expect Canadian Natural Resources' stock price to reach C$78.00 in the next twelve months. This suggests a possible upside of 12.8% from the stock's current price.
View analysts' price targets for Canadian Natural Resources
or view top-rated stocks among Wall Street analysts.

How has Canadian Natural Resources' stock price 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 29.4% and is now trading at C$69.17.
View the best growth stocks for 2022 here
.

When is Canadian Natural Resources' next earnings date?

Canadian Natural Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Canadian Natural Resources
.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (TSE:CNQ) announced its earnings results on Thursday, May, 5th. The company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $2.45 by $0.41. The firm had revenue of $10.68 billion for the quarter, compared to analysts' expectations of $8.95 billion.
View Canadian Natural Resources' earnings history
.

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 paid a dividend of 0.75 per share on Tuesday, July 5th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Thursday, June 16th.
View Canadian Natural Resources' dividend history
.

Is Canadian Natural Resources a good dividend stock?

Canadian Natural Resources(TSE:CNQ) pays an annual dividend of C$2.28 per share and currently has a dividend yield of 4.28%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Canadian Natural Resources is 28.72%. This payout ratio is at a healthy, sustainable level, below 75%.
View Canadian Natural Resources' dividend history.

Who are Canadian Natural Resources' key executives?

Canadian Natural Resources' management team includes the following people:
  • Mr. Norman Murray Edwards O.C., Exec. Chairman (Age 62, Pay $12.47M)
  • Mr. Timothy Shawn McKay, Pres & Director (Age 60, Pay $7.14M)
  • Mr. Mark A. Stainthorpe C.F.A., CFO & Sr. VP of Fin. (Age 44, Pay $2.19M)
  • Mr. Scott G. Stauth, Chief Operating Officer of Oil Sands (Age 56, Pay $2.89M)
  • Mr. Darren M. Fichter, Chief Operating Officer of Exploration & Production (Age 51, Pay $2.36M)
  • Mr. Ronald Dae Jung Kim C.A., Principal Accounting Officer & VP of Fin.
  • Mr. Joy P. Romero, Vice-Pres of Technology & Innovation (Age 65)
  • Mr. Stephen C. Suche, Vice-Pres of Information & Corp. Services (Age 62)
  • Lance J. Casson, Mang. of Investor Relations
  • Paul M. Mendes, VP of Legal, Gen. Counsel & Corp. Sec. (Age 56)

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 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$69.17.

How much money does Canadian Natural Resources make?

Canadian Natural Resources (TSE:CNQ) has a market capitalization of C$79.85 billion and generates C$34.13 billion in revenue each year.

How many employees does Canadian Natural Resources have?

Canadian Natural Resources 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 Canadian Natural Resources is www.cnrl.com. The company can be reached via phone at +1-403-5147605.

This page (TSE:CNQ) was last updated on 7/2/2022 by MarketBeat.com Staff

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