Canadian Natural Resources (CNQ) Competitors

C$105.43
+0.17 (+0.16%)
(As of 04/24/2024 ET)

CNQ vs. ENB, SU, CVE, IMO, TRP, CCO, TOU, OVV, ARX, and MEG

Should you be buying Canadian Natural Resources stock or one of its competitors? The main competitors of Canadian Natural Resources include Enbridge (ENB), Suncor Energy (SU), Cenovus Energy (CVE), Imperial Oil (IMO), TC Energy (TRP), Cameco (CCO), Tourmaline Oil (TOU), Ovintiv (OVV), ARC Resources (ARX), and MEG Energy (MEG). These companies are all part of the "energy" sector.

Canadian Natural Resources vs.

Enbridge (TSE:ENB) and Canadian Natural Resources (TSE:CNQ) are both large-cap energy companies, but which is the superior business? We will contrast the two businesses based on the strength of their community ranking, institutional ownership, analyst recommendations, earnings, valuation, profitability, risk, dividends and media sentiment.

53.7% of Enbridge shares are owned by institutional investors. Comparatively, 79.0% of Canadian Natural Resources shares are owned by institutional investors. 0.1% of Enbridge shares are owned by company insiders. Comparatively, 2.2% of Canadian Natural Resources shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a stock is poised for long-term growth.

Canadian Natural Resources has a net margin of 22.89% compared to Canadian Natural Resources' net margin of 14.18%. Enbridge's return on equity of 21.11% beat Canadian Natural Resources' return on equity.

Company Net Margins Return on Equity Return on Assets
Enbridge14.18% 9.47% 3.20%
Canadian Natural Resources 22.89%21.11%8.58%

Enbridge has a beta of 0.89, meaning that its share price is 11% less volatile than the S&P 500. Comparatively, Canadian Natural Resources has a beta of 1.98, meaning that its share price is 98% more volatile than the S&P 500.

Enbridge received 1 more outperform votes than Canadian Natural Resources when rated by MarketBeat users. Likewise, 70.13% of users gave Enbridge an outperform vote while only 59.41% of users gave Canadian Natural Resources an outperform vote.

CompanyUnderperformOutperform
EnbridgeOutperform Votes
749
70.13%
Underperform Votes
319
29.87%
Canadian Natural ResourcesOutperform Votes
748
59.41%
Underperform Votes
511
40.59%

Enbridge pays an annual dividend of C$3.66 per share and has a dividend yield of 7.5%. Canadian Natural Resources pays an annual dividend of C$3.85 per share and has a dividend yield of 3.7%. Enbridge pays out 128.9% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. Canadian Natural Resources pays out 51.5% of its earnings in the form of a dividend.

Enbridge presently has a consensus price target of C$53.59, suggesting a potential upside of 9.68%. Canadian Natural Resources has a consensus price target of C$111.00, suggesting a potential upside of 5.28%. Given Canadian Natural Resources' higher probable upside, research analysts clearly believe Enbridge is more favorable than Canadian Natural Resources.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Enbridge
0 Sell rating(s)
6 Hold rating(s)
6 Buy rating(s)
0 Strong Buy rating(s)
2.50
Canadian Natural Resources
0 Sell rating(s)
6 Hold rating(s)
7 Buy rating(s)
0 Strong Buy rating(s)
2.54

Canadian Natural Resources has lower revenue, but higher earnings than Enbridge. Canadian Natural Resources is trading at a lower price-to-earnings ratio than Enbridge, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
EnbridgeC$43.65B2.38C$5.84BC$2.8417.20
Canadian Natural ResourcesC$35.97B3.14C$8.23BC$7.4714.11

In the previous week, Canadian Natural Resources had 6 more articles in the media than Enbridge. MarketBeat recorded 17 mentions for Canadian Natural Resources and 11 mentions for Enbridge. Enbridge's average media sentiment score of 0.81 beat Canadian Natural Resources' score of -0.14 indicating that Canadian Natural Resources is being referred to more favorably in the news media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Enbridge
1 Very Positive mention(s)
3 Positive mention(s)
5 Neutral mention(s)
0 Negative mention(s)
1 Very Negative mention(s)
Neutral
Canadian Natural Resources
8 Very Positive mention(s)
4 Positive mention(s)
0 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive

Summary

Canadian Natural Resources beats Enbridge on 14 of the 20 factors compared between the two stocks.

New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding CNQ and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of TSE and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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CNQ vs. The Competition

MetricCanadian Natural ResourcesOil & Gas E&P IndustryEnergy SectorTSE Exchange
Market CapC$112.81BC$1.63BC$4.08BC$5.22B
Dividend Yield3.53%8.43%7.52%5.49%
P/E Ratio14.11102.6985.6623.84
Price / Sales3.1431,005.1722,443.371,391.20
Price / Cash85.8582.2066.3579.46
Price / Book2.842.051.923.09
Net IncomeC$8.23BC$139.47MC$500.96MC$296.80M
7 Day Performance-0.82%0.41%0.28%0.67%
1 Month Performance4.60%4.65%3.69%14.18%
1 Year Performance28.87%13.15%19.95%20.47%

Canadian Natural Resources Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
ENB
Enbridge
1.0964 of 5 stars
C$48.41
0.0%
C$53.59
+10.7%
-8.4%C$103.11BC$43.65B17.0511,500Dividend Announcement
SU
Suncor Energy
3.1618 of 5 stars
C$53.47
-0.1%
C$57.19
+7.0%
+29.8%C$68.98BC$49.09B8.4514,906Analyst Report
News Coverage
CVE
Cenovus Energy
3.5932 of 5 stars
C$29.06
+0.4%
C$33.35
+14.7%
+20.3%C$54.34BC$52.20B13.716,925Analyst Report
News Coverage
Positive News
IMO
Imperial Oil
2.6022 of 5 stars
C$96.51
+0.0%
C$95.38
-1.2%
+34.7%C$51.71BC$50.70B11.375,300Upcoming Earnings
Analyst Report
News Coverage
TRP
TC Energy
3.8415 of 5 stars
C$49.21
+0.0%
C$54.94
+11.6%
-10.4%C$51.18BC$15.93B17.897,000Upcoming Earnings
CCO
Cameco
0.9437 of 5 stars
C$66.48
+2.6%
C$73.33
+10.3%
+93.1%C$28.87BC$2.59B80.104,800Upcoming Earnings
Analyst Report
TOU
Tourmaline Oil
3.0734 of 5 stars
C$66.16
+0.7%
C$78.08
+18.0%
+8.6%C$23.25BC$4.84B13.15389Upcoming Earnings
Analyst Report
News Coverage
OVV
Ovintiv
1.4591 of 5 stars
C$72.08
+0.8%
C$58.50
-18.8%
+41.5%C$19.39BC$10.66B6.711,743Analyst Revision
ARX
ARC Resources
3.4435 of 5 stars
C$25.29
+1.4%
C$28.75
+13.7%
+53.3%C$15.12BC$5.66B9.69438Analyst Report
News Coverage
MEG
MEG Energy
2.122 of 5 stars
C$31.70
+1.5%
C$33.09
+4.4%
+37.1%C$8.63BC$5.65B16.01449Analyst Report

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This page (TSE:CNQ) was last updated on 4/25/2024 by MarketBeat.com Staff

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