TSE:CNQCanadian Natural Resources Stock Price, Forecast & News

C$27.41

+0.22 (+0.81 %)

(As of 06/4/2020 04:00 PM ET)

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Today's Range

C$26.71

Now: C$27.41▼

C$27.85

50-Day Range

C$16.81

MA: C$21.89▼

C$27.05

52-Week Range

C$9.80

Now: C$27.41▼

C$42.57

Volume13.41 million shs

Average Volume7.75 million shs

Market CapitalizationC$32.37 billion

P/E Ratio10.25

Dividend Yield6.25%

BetaN/A

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2017, the company's gross proved crude oil, bitumen, SCO, and NGLs reserves totaled 7,742 million barrels; gross proved plus probable crude oil, bitumen, SCO, and NGLs reserves totaled 10,263 million barrels; proved natural gas reserves totaled 6,771 billion cubic feet; and gross proved plus probable natural gas reserves totaled 9,619 billion cubic feet. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Côte d'Ivoire, Gabon, and South Africa in 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 founded in 1973 and is headquartered in Calgary, Canada.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
Canadian Natural Resources has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 5 buy ratings, 6 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of C$32.84, Canadian Natural Resources has a potential upside of 19.8% from its current price of C$27.41.
Amount of Analyst Coverage
Canadian Natural Resources has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.2 Community Rank

Outperform Votes
Canadian Natural Resources has received 609 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Canadian Natural Resources has received 801 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Canadian Natural Resources has received 56.81% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Canadian Natural Resources and other stocks. Vote “Outperform” if you believe CNQ will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CNQ will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Canadian Natural Resources is a leading dividend payer. It pays a dividend yield of 6.25%, 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 57.99 %. This payout ratio is at a healthy, sustainable level, below 75%.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Natural Resources insiders have sold 892.61% more of their company's stock than they have bought. Specifically, they have bought C$459,970.00 in company stock and sold C$4,565,704.00 in company stock.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Canadian Natural Resources are expected to decrease by -100.00% in the coming year, from C$0.92 to C$0.00 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Natural Resources is 10.25, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 16.30.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Natural Resources is 10.25, which means that it is trading at a more expensive P/E ratio than the Energy sector average P/E ratio of about 7.92.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for Canadian Natural Resources, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
Canadian Natural Resources has a P/B Ratio of 0.97. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.82 out of 5 stars

Industry, Sector and Symbol

Stock Exchange TSE

Industry Oil & Gas E&P

Sub-IndustryN/A

SectorEnergy

Current SymbolTSE:CNQ

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.cnrl.com

Phone+1-403-5147605

Debt

Debt-to-Equity Ratio73.46

Current Ratio0.66

Quick Ratio0.45

Price-To-Earnings

Trailing P/E Ratio10.25

Forward P/E Ratio29.77

P/E Growth-2.82

Sales & Book Value

Annual SalesC$22.12 billion

Price / Sales1.46

Cash FlowC$1.18 per share

Price / Cash Flow23.22

Book ValueC$28.17 per share

Price / Book0.97

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

EmployeesN/A

Outstanding Shares1,180,854,000

Market CapC$32.37 billion

Next Earnings Date8/6/2020 (Estimated)

OptionableOptionable

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Canadian Natural Resources (TSE:CNQ) Frequently Asked Questions

How has Canadian Natural Resources' stock been impacted by COVID-19 (Coronavirus)?

Canadian Natural Resources' stock was trading at C$20.76 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CNQ shares have increased by 32.0% and is now trading at C$27.41. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Canadian Natural Resources?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 1 sell rating, 6 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Canadian Natural Resources.

When is Canadian Natural Resources' next earnings date?

Canadian Natural Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Canadian Natural Resources.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Ltd (TSE:CNQ) announced its quarterly earnings results on Thursday, May, 7th. The company reported ($0.43) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by $0.29. The company had revenue of $4.50 billion for the quarter, compared to the consensus estimate of $4.93 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 announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Friday, June 12th will be paid a dividend of 0.425 per share on Wednesday, July 1st. This represents a $1.70 dividend on an annualized basis and a dividend yield of 6.20%. The ex-dividend date of this dividend is Thursday, June 11th. This is a boost from Canadian Natural Resources's previous quarterly dividend of C$0.38. View Canadian Natural Resources' dividend history.

What price target have analysts set for CNQ?

12 brokerages have issued 12-month price objectives for Canadian Natural Resources' shares. Their forecasts range from C$14.00 to C$55.00. On average, they anticipate Canadian Natural Resources' share price to reach C$32.84 in the next twelve months. This suggests a possible upside of 19.8% from the stock's current price. View analysts' price targets for Canadian Natural Resources.

Has Canadian Natural Resources been receiving favorable news coverage?

Media headlines about CNQ stock have trended somewhat positive on Thursday, InfoTrie reports. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Canadian Natural Resources earned a news sentiment score of 0.7 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news aboutCanadian Natural Resources.

Who are some of Canadian Natural Resources' key competitors?

Some companies that are related to Canadian Natural Resources include Woodside Petroleum (WPL), Santos (STO), Encana (ECA), Tourmaline Oil (TOU), Encana (OVV), Raging River Exploration (RRX), Seven Generations Energy (VII), Energean Oil & Gas (ENOG), Whitecap Resources (WCP), Canacol Energy (CNE), Diversified Gas & Oil (DGOC), Kosmos Energy (KOS), Freehold Royalties (FRU), Canacol Energy (CNNEF) and Kina Petroleum (KPE). View all competitors.

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), Alimentation Couche-Tard (ATD.B), Toronto-Dominion Bank (TD), Suncor Energy (SU), AutoCanada (ACQ), Enbridge (ENB), Vermilion Energy (VET), Royal Bank of Canada (RY) and Bank of Nova Scotia (BNS).

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 59)
Mr. Timothy Shawn McKay, Pres & Director (Age 57)
Mr. Steve W. Laut, Exec. Vice Chairman (Age 61)
Mr. Corey B. Bieber C.A., CA, Exec. Advisor (Age 55)
Mr. Scott G. Stauth, Chief Operating Officer of Oil Sands (Age 53)

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 online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

What is Canadian Natural Resources' stock price today?

One share of CNQ stock can currently be purchased for approximately C$27.41.

How big of a company is Canadian Natural Resources?

Canadian Natural Resources has a market capitalization of C$32.37 billion and generates C$22.12 billion in revenue each year.

What is Canadian Natural Resources' official website?

The official website for Canadian Natural Resources is www.cnrl.com.

How can I contact Canadian Natural Resources?

Canadian Natural Resources' mailing address is 2100, 855-2 Street Sw, CALGARY, AB T2P 4J8, Canada. The company can be reached via phone at +1-403-5147605.

This page was last updated on 6/4/2020 by MarketBeat.com Staff