Canadian Natural Resources - CNQ Stock Forecast, Price & News

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CNQ shares.
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18 brokers have issued 12-month price targets for Canadian Natural Resources' shares. Their CNQ share price forecasts range from C$51.00 to C$111.00. On average, they predict the company's stock price to reach C$79.27 in the next year. This suggests a possible upside of 28.8% from the stock's current price.
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Canadian Natural Resources' stock was trading at C$53.45 on January 1st, 2022. Since then, CNQ shares have increased by 15.1% and is now trading at C$61.54.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our CNQ earnings forecast.

Canadian Natural Resources Limited (TSE:CNQ) issued its quarterly earnings data on Thursday, August, 4th. The company reported $3.26 earnings per share for the quarter, topping analysts' consensus estimates of $2.85 by $0.41. The company had revenue of $11.48 billion for the quarter, compared to analysts' expectations of $10.04 billion.

Canadian Natural Resources declared a quarterly dividend on Thursday, May 5th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend is Thursday, June 16th.
Read our dividend analysis for CNQ.

Canadian Natural Resources (TSE:CNQ) pays an annual dividend of C$2.56 per share and currently has a dividend yield of 4.71%. CNQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 26.56%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for CNQ.

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).

Canadian Natural Resources trades on the Toronto Stock Exchange (TSX) under the ticker symbol "CNQ."

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.
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One share of CNQ stock can currently be purchased for approximately C$61.54.

Canadian Natural Resources (TSE:CNQ) has a market capitalization of C$71.04 billion and generates C$39.08 billion in revenue each year.

The company employs 9,735 workers across the globe.

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.