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TSE:CNQ

Canadian Natural Resources - CNQ Stock Forecast, Price & News

C$74.57
-0.46 (-0.61%)
(As of 12/8/2022 12:00 AM ET)
Add
Compare
Today's Range
C$74.14
▼
C$77.02
50-Day Range
C$64.30
▼
C$82.80
52-Week Range
C$48.42
▼
C$88.18
Volume
10.25 million shs
Average Volume
6.03 million shs
Market Capitalization
C$82.55 billion
P/E Ratio
7.27
Dividend Yield
4.53%
Price Target
C$85.42

Canadian Natural Resources MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.59 Rating Score
Upside/​Downside
14.6% Upside
C$85.42 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.82mentions of Canadian Natural Resources in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
C$19.64 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.

2.38 out of 5 stars

See Top Rated MarketRank™ Stocks Here
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.

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CNQ Stock News Headlines

December 8, 2022 | americanbankingnews.com
Q4 2022 Earnings Estimate for Canadian Natural Resources Limited Issued By Jefferies Financial Group (TSE:CNQ)
December 7, 2022 | americanbankingnews.com
JPMorgan Chase & Co. Lowers Canadian Natural Resources (TSE:CNQ) Price Target to C$92.00
December 5, 2022 | americanbankingnews.com
Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Timothy Shawn Mckay Sells 25,000 Shares
December 4, 2022 | americanbankingnews.com
Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$105.00
December 4, 2022 | americanbankingnews.com
Wells Fargo & Company Trims Canadian Natural Resources (TSE:CNQ) Target Price to C$84.00
December 3, 2022 | americanbankingnews.com
National Bankshares Increases Canadian Natural Resources (TSE:CNQ) Price Target to C$105.00
December 2, 2022 | americanbankingnews.com
Canadian Natural Resources (TSE:CNQ) Price Target Increased to C$97.00 by Analysts at TD Securities
December 2, 2022 | americanbankingnews.com
ATB Capital Increases Canadian Natural Resources (TSE:CNQ) Price Target to C$94.00
December 1, 2022 | americanbankingnews.com
Brokerages Set Canadian Natural Resources Limited (TSE:CNQ) Price Target at C$84.37
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 30, 2022 | americanbankingnews.com
Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$282,275.00 in Stock
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
November 3, 2022 | nasdaq.com
Canadian Natural Resources quarterly profit rises
November 3, 2022 | markets.businessinsider.com
Canadian Natural Resources Limited Announces 2022 Third Quarter Results
November 3, 2022 | markets.businessinsider.com
Canadian Natural Resources Q3 Profit Rises, Tops Estimates; Lifts Dividend
November 2, 2022 | finance.yahoo.com
Is a Surprise Coming for Canadian Natural (CNQ) This Earnings Season?
November 1, 2022 | finance.yahoo.com
Zacks Industry Outlook Highlights Canadian Natural Resources, Ovinti and Enerplus
See More Headlines
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CNQ Company Calendar

Today
12/08/2022
Next Earnings (Estimated)
3/01/2023
Get Stock Alerts

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$85.42
High Stock Price Forecast
C$111.00
Low Stock Price Forecast
C$57.00
Forecasted Upside/Downside
+14.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.59
Research Coverage
17 Analysts

Profitability

EPS (Most Recent Fiscal Year)
N/A
Trailing P/E Ratio
7.27
Forward P/E Ratio
7.56
P/E Growth
0.53
Net Income
N/A
Net Margins
N/A
Pretax Margin
N/A
Return on Equity
N/A
Return on Assets
N/A

Debt

Debt-to-Equity Ratio
37.96
Current Ratio
0.78
Quick Ratio
0.54

Sales & Book Value

Annual Sales
C$41.82 billion
Price / Sales
1.97
Cash Flow
C$0.87 per share
Price / Cash Flow
85.85
Book Value
C$34.38 per share
Price / Book
2.17

Miscellaneous

Outstanding Shares
1,107,031,000
Free Float
N/A
Market Cap
C$82.55 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.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













CNQ Stock - Frequently Asked Questions

Should I buy or sell Canadian Natural Resources stock right now?

17 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 7 hold ratings and 10 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?

17 analysts have issued twelve-month price targets for Canadian Natural Resources' stock. Their CNQ share price forecasts range from C$57.00 to C$111.00. On average, they expect the company's stock price to reach C$85.42 in the next year. This suggests a possible upside of 14.6% 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 at the beginning of the year. Since then, CNQ stock has increased by 39.5% and is now trading at C$74.57.
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 Wednesday, March 1st 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 announced a quarterly dividend on Thursday, May 5th. Shareholders 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 annualized dividend and a dividend yield of 4.02%. The ex-dividend date of this dividend 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$2.84 per share and currently has a dividend yield of 4.53%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 27.66%. 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$74.57.

How much money does Canadian Natural Resources make?

Canadian Natural Resources (TSE:CNQ) has a market capitalization of C$82.55 billion and generates C$41.82 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 12/8/2022 by MarketBeat.com Staff