S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
pixel
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
pixel
Senate rules referee weakens Dem drug plan in economic bill
Dems push Biden climate, health priorities toward Senate OK
China July exports rise, with trade surplus at record-high
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
pixel
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
pixel
Senate rules referee weakens Dem drug plan in economic bill
Dems push Biden climate, health priorities toward Senate OK
China July exports rise, with trade surplus at record-high
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
pixel
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
pixel
Senate rules referee weakens Dem drug plan in economic bill
Dems push Biden climate, health priorities toward Senate OK
China July exports rise, with trade surplus at record-high
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
Buffett's firm reports $44B loss but its businesses thrive
pixel
Musk says Twitter deal could move ahead with 'bot' info
Dems' climate, energy, tax bill clears initial Senate hurdle
Demand for grocery delivery cools as food costs rise
pixel
Senate rules referee weakens Dem drug plan in economic bill
Dems push Biden climate, health priorities toward Senate OK
China July exports rise, with trade surplus at record-high
TSE:CNQ

Canadian Natural Resources (CNQ) Stock Forecast, Price & News

C$67.24
+1.83 (+2.80%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
C$64.94
C$67.80
50-Day Range
C$61.09
C$87.04
52-Week Range
C$37.82
C$88.18
Volume
5.17 million shs
Average Volume
6.10 million shs
Market Capitalization
C$77.62 billion
P/E Ratio
8.48
Dividend Yield
4.59%
Price Target
C$79.91

Canadian Natural Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
18.8% Upside
C$79.91 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
1.38mentions of Canadian Natural Resources in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
C$18.12 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.

2.67 out of 5 stars

Canadian Natural Resources 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.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. National Bankshares reduced their price target on Canadian Natural Resources from C$115.00 to C$100.00 and set an "outperform" rating for the company in a research report on Monday, July 18th. BMO Capital Markets increased their price target on Canadian Natural Resources from C$92.00 to C$95.00 in a research report on Friday, May 6th. JPMorgan Chase & Co. increased their price target on Canadian Natural Resources from C$92.00 to C$94.00 in a research report on Friday. Wells Fargo & Company increased their price target on Canadian Natural Resources from C$79.00 to C$84.00 and gave the company a "na" rating in a research report on Friday, May 6th. Finally, Credit Suisse Group increased their price target on Canadian Natural Resources to C$93.00 and gave the company an "outperform" rating in a research report on Monday, May 9th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$79.91.

Canadian Natural Resources Stock Performance

Shares of TSE:CNQ traded up C$1.83 during trading hours on Friday, reaching C$67.24. 5,169,971 shares of the stock were exchanged, compared to its average volume of 6,099,260. The firm has a market capitalization of C$77.62 billion and a price-to-earnings ratio of 8.48. The company has a debt-to-equity ratio of 40.17, a quick ratio of 0.54 and a current ratio of 0.75. Canadian Natural Resources has a 52 week low of C$37.82 and a 52 week high of C$88.18. The stock's fifty day simple moving average is C$71.08 and its 200 day simple moving average is C$73.75.

Canadian Natural Resources (TSE:CNQ - Get Rating) (NYSE:CNQ) last issued its quarterly earnings results on Thursday, August 4th. The company reported C$3.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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. Sell-side analysts predict that Canadian Natural Resources will post 10.0999994 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Darren Fichter sold 750 shares of the stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of C$78.51, for a total transaction of C$58,882.50. Following the sale, the insider now owns 73,402 shares of the company's stock, valued at C$5,762,791.02. In other news, Director Stephen W. Laut sold 375 shares of Canadian Natural Resources stock in a transaction 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 transaction, the director now owns 1,764,398 shares in the company, valued at approximately C$118,038,226.20. Also, Senior Officer Darren Fichter sold 750 shares of Canadian Natural Resources stock in a transaction on Thursday, May 19th. The shares were sold at an average price of C$78.51, for a total value of C$58,882.50. Following the completion of the transaction, the insider now owns 73,402 shares in the company, valued at approximately C$5,762,791.02. Insiders have sold 220,332 shares of company stock valued at $18,124,781 over the last 90 days.

Receive CNQ Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Canadian Natural Resources and its competitors with MarketBeat's FREE daily newsletter.

CNQ Stock News Headlines

See More Headlines

Receive CNQ Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Canadian Natural Resources and its competitors with MarketBeat's FREE daily newsletter.

CNQ Company Calendar

Ex-Dividend for 7/5 Dividend
6/16/2022
Dividend Payable
7/05/2022
Last Earnings
8/04/2022
Today
8/07/2022
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$79.91
High Stock Price Forecast
C$115.00
Low Stock Price Forecast
C$51.00
Forecasted Upside/Downside
+18.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
18 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$34.13 billion
Cash Flow
C$0.46 per share
Book Value
C$33.20 per share

Miscellaneous

Outstanding Shares
1,154,338,000
Free Float
N/A
Market Cap
C$77.62 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 twelve months. There are currently 6 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "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 Wall Street analysts have issued 1 year price targets for Canadian Natural Resources' stock. Their CNQ stock forecasts range from C$51.00 to C$115.00. On average, they expect Canadian Natural Resources' stock price to reach C$79.91 in the next year. This suggests a possible upside of 18.8% 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 start of the year. Since then, CNQ shares have increased by 25.8% and is now trading at C$67.24.
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, November 3rd 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 quarterly 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 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 declared a quarterly dividend on Thursday, May 5th. Stockholders 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 4.46%. 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 4.59%. 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.

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$67.24.

How much money does Canadian Natural Resources make?

Canadian Natural Resources (TSE:CNQ) has a market capitalization of C$77.62 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 8/7/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.