TSE:CNQ

Canadian Natural Resources Stock Forecast, Price & News

C$41.49

+0.44 (+1.07 %)

(As of 07/29/2021 04:00 PM ET)

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Today's Range

C$41.19

▼

C$41.84

50-Day Range

C$39.19

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C$46.20

52-Week Range

C$19.77

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C$46.36

Volume3.41 million shs

Average Volume6.33 million shs

Market CapitalizationC$49.16 billion

P/E Ratio22.13

Dividend Yield4.58%

BetaN/A

30 days | 90 days | 365 days | Advanced Chart

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About Canadian Natural Resources

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 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, SCO, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, SCO, and NGLs reserves were 13,271 MMbbl; proved natural gas reserves were 9,465 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 15,922 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.

Canadian Natural Resources (TSE:CNQ) Share Price Passes Above 200 Day Moving Average of $0.00
July 28, 2021 | americanbankingnews.com

Canadian Natural Resources (TSE:CNQ) Given a C$55.00 Price Target by Raymond James Analysts
July 20, 2021 | americanbankingnews.com

Canadian Natural Resources (TSE:CNQ) Price Target Cut to C$63.00
July 19, 2021 | americanbankingnews.com

Canadian Natural Resources (TSE:CNQ) PT Lowered to C$63.00
July 19, 2021 | americanbankingnews.com

Canadian Natural Resources (TSE:CNQ) Price Target Raised to C$51.00 at Barclays
July 16, 2021 | americanbankingnews.com

Scotiabank Increases Canadian Natural Resources (TSE:CNQ) Price Target to C$52.00
July 15, 2021 | americanbankingnews.com

The Zacks Analyst Blog Highlights: NVIDIA, Mastercard, Boeing, U.S. Bancorp and Canadian Natural Resources
July 15, 2021 | finance.yahoo.com

CIBC Raises Canadian Natural Resources (TSE:CNQ) Price Target to C$58.00
July 14, 2021 | americanbankingnews.com

Stephen W. Laut Sells 575 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock
July 14, 2021 | americanbankingnews.com

Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Director Sells 5,000 Shares of Stock
July 13, 2021 | americanbankingnews.com

See More Headlines

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
Employees10,180
Year FoundedN/A

Sales & Book Value

Annual SalesC$19.00 billion
Price / Sales2.59
Cash FlowC$0.50 per share
Price / Cash Flow82.56
Book ValueC$28.03 per share
Price / Book1.48

Profitability

Debt

Price-To-Earnings

Miscellaneous

Outstanding Shares1,184,837,000
Market CapC$49.16 billion
Next Earnings Date8/5/2021 (Confirmed)
OptionableOptionable

MarketRank^™

Overall MarketRank^™

1.89 out of 5 stars

3.4 Analyst's Opinion

Consensus Rating
Canadian Natural Resources has received a consensus rating of Buy. The company's average rating score is 2.82, and is based on 9 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$48.52, Canadian Natural Resources has a forecasted upside of 17.0% from its current price of C$41.49.
Amount of Analyst Coverage
Canadian Natural Resources has been the subject of 14 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.1 Community Rank

Outperform Votes
Canadian Natural Resources has received 662 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Canadian Natural Resources has received 422 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Canadian Natural Resources has received 61.07% “outperform” 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.

1.7 Dividend Strength

Dividend Leadership
Canadian Natural Resources is a leading dividend payer. It pays a dividend yield of 4.58%, 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 93.07%. Payout ratios above 75% are not desirable because they may not be sustainable.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canadian Natural Resources insiders have sold 21,340.15% more of their company's stock than they have bought. Specifically, they have bought C$43,733.00 in company stock and sold C$9,376,420.00 in company stock.

1.3 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Canadian Natural Resources is 22.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.20.
Price to Earnings Ratio vs. Sector
The P/E ratio of Canadian Natural Resources is 22.13, which means that it is trading at a less expensive P/E ratio than the Energy sector average P/E ratio of about 29.77.
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 1.48. 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

Canadian Natural Resources (TSE:CNQ) Frequently Asked Questions

Is Canadian Natural Resources a buy right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 2 hold ratings and 9 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 stocks does MarketBeat like better than Canadian Natural Resources?

Wall Street analysts have given Canadian Natural Resources a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Canadian Natural Resources wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Canadian Natural Resources' next earnings date?

Canadian Natural Resources is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for Canadian Natural Resources.

How were Canadian Natural Resources' earnings last quarter?

Canadian Natural Resources Limited (TSE:CNQ) released its earnings results on Thursday, May, 6th. The company reported $1.03 EPS for the quarter, topping the Zacks' consensus estimate of $0.85 by $0.18. The firm earned $6.61 billion during the quarter, compared to analyst estimates of $6.15 billion.
View Canadian Natural Resources' earnings history.

How has Canadian Natural Resources' stock been impacted by Coronavirus?

Canadian Natural Resources' stock was trading at C$20.76 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CNQ shares have increased by 100.1% and is now trading at C$41.55.
View which stocks have been most impacted by COVID-19.

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 6th. Stockholders of record on Friday, June 18th will be given a dividend of 0.47 per share on Monday, July 5th. This represents a $1.88 annualized dividend and a dividend yield of 4.52%. The ex-dividend date is Thursday, June 17th. This is a boost from Canadian Natural Resources's previous quarterly dividend of C$0.43.
View Canadian Natural Resources' dividend history.

Is Canadian Natural Resources a good dividend stock?

Canadian Natural Resources pays an annual dividend of C$1.75 per share and currently has a dividend yield of 4.58%. 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 93.07%. Payout ratios above 75% are not desirable because they may not be sustainable.
View Canadian Natural Resources' dividend history.

What price target have analysts set for CNQ?

11 analysts have issued 1-year target prices for Canadian Natural Resources' stock. Their forecasts range from C$20.00 to C$63.00. On average, they expect Canadian Natural Resources' stock price to reach C$48.52 in the next twelve months. This suggests a possible upside of 16.8% from the stock's current price.
View analysts' price targets for Canadian Natural Resources or view top-rated stocks among Wall Street analysts.

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 61, Pay $8.93M)
Mr. Timothy Shawn McKay, Pres & Director (Age 59, Pay $4.88M)
Mr. Mark A. Stainthorpe C.F.A., CFO & Sr. VP of Fin. (Age 43, Pay $1.5M)
Mr. Scott G. Stauth, Chief Operating Officer of Oil Sands (Age 55, Pay $2.1M)
Mr. Darren M. Fichter, Chief Operating Officer of Exploration & Production (Age 50, Pay $1.87M)
Mr. Ronald Dae Jung Kim C.A., Principal Accounting Officer & VP of Fin.
Mr. Joy P. Romero, Vice-Pres of Technology & Innovation (Age 64)
Mr. Stephen C. Suche, Vice-Pres of Information & Corp. Services (Age 61)
Paul M. Mendes, VP of Legal, Gen. Counsel & Corp. Sec. (Age 55)
Mr. Ronald Keith Laing, Sr. Vice-Pres of Corp. Devel. & Land (Age 51)

Who are some of Canadian Natural Resources' key competitors?

Some companies that are related to Canadian Natural Resources include Harbour Energy (HBRIY), Tourmaline Oil (TOU), Ovintiv (OVV), Whitecap Resources (WCP), Seven Generations Energy (VII), Reconnaissance Energy Africa (RECO), Raging River Exploration (RRX), Peyto Exploration & Development (PEY), Baytex Energy (BTE), (SPE.TO) (SPE), Energean (ENOG), Freehold Royalties (FRU), Tamarack Valley Energy (TVE), Cairn Energy (CRNCD) and International Petroleum (IPCO).
View all of CNQ's 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), Enbridge (ENB), Suncor Energy (SU), The Bank of Nova Scotia (BNS), The 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$41.55.

How much money does Canadian Natural Resources make?

Canadian Natural Resources has a market capitalization of C$49.23 billion and generates C$19.00 billion in revenue each year.

How many employees does Canadian Natural Resources have?

Canadian Natural Resources employs 10,180 workers across the globe.

What is Canadian Natural Resources' official website?

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

Where are Canadian Natural Resources' headquarters?

Canadian Natural Resources is headquartered at 2100, 855-2 Street Sw, CALGARY, AB T2P 4J8, Canada.

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 7/29/2021 by MarketBeat.com Staff

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