TSE:CNQ

Canadian Natural Resources - CNQ Stock Forecast, Price & News

C$74.30

+0.31 (+0.42%)

(As of 03/30/2023 12:00 AM ET)

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Today's Range: C$73.67
▼
C$74.85
50-Day Range: C$68.65
▼
C$82.75
52-Week Range: C$58.75
▼
C$88.18

Volume: 4.75 million shs
Average Volume: 6.05 million shs
Market Capitalization: C$81.73 billion

P/E Ratio: 7.80
Dividend Yield: 4.85%
Price Target: C$90.87

Canadian Natural Resources MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.60 Rating Score
Upside/Downside: 22.9% Upside
C$91.29 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.05
Based on 9 Articles This Week
Insider Trading: Selling Shares
C$23.98 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.

2.42 out of 5 stars

2.3

Analyst's Opinion

Consensus Rating
Canadian Natural Resources has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$91.29, Canadian Natural Resources has a forecasted upside of 22.9% from its current price of C$74.30.
Amount of Analyst Coverage
Canadian Natural Resources has only been the subject of 4 research reports in the past 90 days.

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 5.24%, 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 37.82%. 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.

1.7

News and Social Media Coverage

News Sentiment
Canadian Natural Resources has a news sentiment score of 0.05. 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 lower news sentiment than the 0.45 average news sentiment score of Oils/Energy companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Canadian Natural Resources this week, compared to 2 articles on an average week.
Search Interest
Only 102 people have searched for CNQ on MarketBeat in the last 30 days. This is a decrease of -18% compared to the previous 30 days.
MarketBeat Follows
Only 13 people have added Canadian Natural Resources to their MarketBeat watchlist in the last 30 days. This is a decrease of -28% 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 54,668.88% more of their company's stock than they have bought. Specifically, they have bought C$43,776.00 in company stock and sold C$23,975,623.00 in company stock.
Percentage Held by Insiders
Only 2.22% of the stock of Canadian Natural Resources is held by insiders.
Percentage Held by Institutions
78.16% 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 7.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.95.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Natural Resources is 7.80, which means that it is trading at a less expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 67.00.
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 2.15. 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

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

March 28, 2023 | americanbankingnews.com

Canadian Natural Resources Limited (TSE:CNQ) Forecasted to Post Q1 2023 Earnings of $1.86 Per Share

March 27, 2023 | americanbankingnews.com

Canadian Natural Resources (TSE:CNQ) Given New C$87.00 Price Target at Morgan Stanley

March 31, 2023 | Behind the Markets (Ad)

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March 24, 2023 | finance.yahoo.com

Canadian Earthquakes Determined to Be Caused by Oil Activity

March 24, 2023 | americanbankingnews.com

Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Director Sells C$400,010.00 in Stock

March 23, 2023 | americanbankingnews.com

Stephen W. Laut Sells 5,000 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

March 22, 2023 | americanbankingnews.com

Zacks Research Analysts Reduce Earnings Estimates for Canadian Natural Resources Limited (TSE:CNQ)

March 17, 2023 | marketwatch.com

Canadian Natural Resources Ltd. stock rises Thursday, outperforms market

March 31, 2023 | Behind the Markets (Ad)

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March 8, 2023 | seekingalpha.com

Canadian Natural Resources gets TSX nod for NCIB

March 4, 2023 | seekingalpha.com

Canadian Natural Resources Limited (CNQ) Q4 2022 Earnings Call Transcript

March 2, 2023 | theglobeandmail.com

Canadian Natural Resources’ quarterly profit down from year ago as extreme cold affects output

February 21, 2023 | finance.yahoo.com

Canadian Natural Resources (CNQ) Stock Moves -0.92%: What You Should Know

February 6, 2023 | finance.yahoo.com

Canadian Natural Resources (CNQ) Stock Moves -0.24%: What You Should Know

January 23, 2023 | theglobeandmail.com

Canadian Natural Res: Top 10 Undervalued Large Cap Stocks on TSX (CNQ)

January 19, 2023 | msn.com

Canadian Natural Resources Limited (CNQ) Is a Trending Stock: Facts to Know Before Betting on It

December 28, 2022 | finance.yahoo.com

Implied Volatility Surging for Canadian Natural Resource (CNQ) Stock Options

November 30, 2022 | theglobeandmail.com

Canadian Natural Resources plans $5.2 billion in capital spending in 2023

November 30, 2022 | seekingalpha.com

Canadian Natural Resources sees higher production, capex in 2023

November 30, 2022 | theglobeandmail.com

Canadian Natural Resources forecasts increased production in 2023 as it seeks to capitalize on higher prices

November 30, 2022 | finance.yahoo.com

Canadian Natural Resources Limited Announces 2023 Budget and New GHG Emissions Reduction Target

November 30, 2022 | ca.finance.yahoo.com

Canadian Natural forecasts higher 2023 production, sets new emission goals

November 30, 2022 | finance.yahoo.com

UPDATE 2-Canadian Natural forecasts higher 2023 production, sets new emission goals

November 25, 2022 | seekingalpha.com

Canadian Natural Resources: Getting Increasing Dividends

November 4, 2022 | baystreet.ca

Canadian Natural Resources Hikes Dividend 13% On Strong Q3 Earnings

November 3, 2022 | msn.com

Canadian Natural Resources: Q3 Earnings Insights

November 3, 2022 | seekingalpha.com

Canadian Natural Resources Limited (CNQ) Q3 2022 Earnings Call Transcript

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30 days | 90 days | 365 days | Advanced Chart

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CNQ Company Calendar

Ex-Dividend for 4/5 Dividend: 3/16/2023
Today: 3/31/2023
Dividend Payable: 4/05/2023
Next Earnings (Estimated): 5/04/2023

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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$91.29
High Stock Price Forecast: C$100.00
Low Stock Price Forecast: C$80.00
Forecasted Upside/Downside: +22.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.60
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$9.52
Trailing P/E Ratio: 7.80
Forward P/E Ratio: 8.22
P/E Growth: 0.53
Net Income: C$10.94 billion
Net Margins: 25.86%
Pretax Margin: N/A
Return on Equity: 29.12%
Return on Assets: 12.06%

Debt

Debt-to-Equity Ratio: 34.01
Current Ratio: 0.82
Quick Ratio: 0.54

Sales & Book Value

Annual Sales: C$42.30 billion
Price / Sales: 1.93
Cash Flow: C$0.87 per share
Price / Cash Flow: 85.85
Book Value: C$34.62 per share
Price / Book: 2.15

Miscellaneous

Outstanding Shares: 1,100,000,000
Free Float: N/A
Market Cap: C$81.73 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 research 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 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 2023?: 9 analysts have issued 12 month price targets for Canadian Natural Resources' stock. Their CNQ share price forecasts range from C$80.00 to C$100.00. On average, they predict the company's stock price to reach C$91.29 in the next twelve months. This suggests a possible upside of 22.9% 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 2023?: Canadian Natural Resources' stock was trading at C$75.19 at the beginning of 2023. Since then, CNQ shares have decreased by 1.2% and is now trading at C$74.30.
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, May 4th 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, March 2nd. Stockholders of record on Friday, March 17th will be paid a dividend of 0.90 per share on Wednesday, April 5th. This represents a $3.60 annualized dividend and a yield of 4.85%. The ex-dividend date of this dividend is Thursday, March 16th. This is an increase from the stock's previous quarterly dividend of C$0.75.
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 5.24%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 37.82%. 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$74.30.
How much money does Canadian Natural Resources make?: Canadian Natural Resources (TSE:CNQ) has a market capitalization of C$81.73 billion and generates C$42.30 billion in revenue each year. The company earns C$10.94 billion in net income (profit) each year or C$9.52 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 3/31/2023 by MarketBeat.com Staff

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Canadian Natural Resources - CNQ Stock Forecast, Price & News

Canadian Natural Resources MarketRank™ Forecast

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 (TSE:CNQ) Stock

CNQ Stock News Headlines

CNQ Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

CNQ Stock - Frequently Asked Questions

Overall MarketRank^™