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CNQ Overview

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Intellectia

Loading chart...

High
50.980
Open
50.260
VWAP
49.89
Vol
11.75M
Mkt Cap
104.49B
Low
49.310
Amount
586.38M
EV/EBITDA(TTM)
9.11
Total Shares
2.09B
EV
163.85B
EV/OCF(TTM)
10.85
P/S(TTM)
3.76
Canadian Natural Resources Limited is a senior crude oil and natural gas production company. The Company has operations in its core areas located in Western Canada, the United Kingdom portion of the North Sea and Offshore Africa. Its Oil Sands Mining and Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations at Horizon Oil Sands (Horizon) and through the Company's direct and indirect interest in the Athabasca Oil Sands Project (AOSP). Within Western Canada in the Midstream and Refining segment, the Company maintains certain activities that include pipeline operations, an electricity co-generation system and an investment in the North West Redwater Partnership (NWRP), a general partnership formed to upgrade and refine bitumen in the Province of Alberta. Its Pelican Lake asset is a large, contiguous, shallow, medium crude oil pool. It produces natural gas in western Canada and has a significant land base in both the Montney and Deep Basin.
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Events Timeline

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News

Barron's
4.5
03-24Barron's
While the World Fears Oil Shortages, Canada Seizes the Moment.
  • Opportunity in Global Energy Markets: Canada is seizing an unexpected chance to increase its presence in global energy markets due to the ongoing war in Iran.

  • Impact of the War in Iran: The conflict has created a shift in energy dynamics, allowing Canada to potentially fill the gap left by Iranian energy exports.

  • Strategic Positioning: Canada aims to leverage this situation to enhance its energy exports and strengthen its economic position on the world stage.

  • Future Prospects: The developments in Iran may lead to long-term changes in energy supply chains, benefiting Canadian energy producers.

Barron's
8.0
03-24Barron's
Canada Can Benefit from the Energy Shock: Suncor Stock and Three Other Success Stories.
  • Opportunity in Global Energy Markets: Canada is seizing an unexpected chance to increase its presence in global energy markets due to the ongoing war in Iran.

  • Impact of the War in Iran: The conflict has created a shift in energy dynamics, allowing Canada to potentially fill gaps left by other countries affected by the war.

Fool
7.5
03-21Fool
Oil Price Volatility Impacts Three Major Oil Stocks
  • Oil Price Volatility: Oil prices have been highly volatile since Israel and the U.S. launched military strikes against Iran, recently surging due to attacks on oil tankers and energy infrastructure, highlighting the direct impact of geopolitical tensions on the oil market.
  • Earnings Growth Potential: For instance, a $1 increase in oil prices can boost Chevron's annual earnings and cash flow by $600 million, while ConocoPhillips sees an increase of over $100 million, indicating significant profitability enhancement amid rising crude prices.
  • Downside Protection: Even with falling oil prices, Chevron expects to achieve over 10% annual free cash flow growth at an average price of $70 per barrel, demonstrating its strong risk resilience and sustainable growth potential.
  • Consistent Dividend Growth: Chevron has increased its dividend for 39 consecutive years, while Canadian Natural Resources and ConocoPhillips have extended their streaks to 26 and 10 years respectively, indicating these companies' ability to maintain stable shareholder returns despite oil price fluctuations.
NASDAQ.COM
7.5
03-21NASDAQ.COM
Oil Price Volatility Impacts Three Major Oil Companies
  • Earnings Growth Potential: A $1 increase in oil prices can boost Chevron's annualized earnings by $600 million, indicating a significant enhancement in profitability amid rising oil prices, which can lead to higher returns for shareholders.
  • Cash Flow Doubling Plan: ConocoPhillips is on track to double its free cash flow by 2029 at $70 oil, demonstrating resilience in low oil price environments and future growth potential, further solidifying its competitive position in the industry.
  • Sustained Dividend Record: Canadian Natural Resources has grown its dividend for 26 consecutive years, while Chevron has achieved 39 years of dividend growth, showcasing their strong ability to maintain stable cash flows and return capital to shareholders, thereby boosting investor confidence.
  • Market Uncertainty: Oil price volatility has intensified due to Middle Eastern tensions, and while short-term uncertainties exist, the low breakeven levels of these three companies allow them to remain profitable even during price declines, ensuring their long-term investment appeal.
seekingalpha
9.5
03-05seekingalpha
Canadian Natural Resources Reports Strong Q4 Earnings and Dividend Increase
  • Strong Performance: Canadian Natural Resources reported Q4 net earnings soaring to C$5.3 billion (US$3.89 billion), with earnings per share at C$2.54, a significant increase from C$1.14 billion (C$0.54) a year earlier, showcasing robust performance in oil sands mining.
  • Dividend Increase: The company approved a 6.4% increase in its quarterly dividend, marking the 26th consecutive year of payout growth, reflecting stable cash flows and commitment to shareholders, which enhances investor confidence.
  • Production Capacity Growth: Q4 total production rose 13% year-over-year to 1.66 million boe/day, with crude oil and natural gas liquids output reaching a record 1.22 million bbl/day, indicating ongoing success in resource development.
  • Project Delay: Despite strong results, the company is deferring the expansion of its Jackpine oil sands mine in Alberta while awaiting final environmental policies from the Canadian government, which may impact future production plans and capital expenditures.
NASDAQ.COM
9.5
03-05NASDAQ.COM
Canadian Natural Resources Reports Q4 Earnings Growth and Dividend Increase
  • Significant Earnings Growth: Canadian Natural Resources reported fourth-quarter earnings of C$5.30 billion, translating to C$2.54 per share, a substantial increase from last year's C$1.14 billion and C$0.54 per share, indicating strong performance in the oil and gas market.
  • Slight Revenue Increase: The company's revenue rose to C$9.6 billion in the fourth quarter, up from C$9.47 billion in the previous year, reflecting sustained market demand and effective operational strategies.
  • Dividend Increase: The firm announced a 6% increase in its quarterly dividend to C$0.625 per common share, payable on April 7, which not only enhances shareholder returns but also demonstrates confidence in future cash flows.
  • Share Buyback Authorization: The company received approval to file a Notice of Intention with the Toronto Stock Exchange for a Normal Course Issuer Bid to repurchase up to 10% of its common shares, aimed at enhancing shareholder value and optimizing its capital structure.
Wall Street analysts forecast CNQ stock price to rise
9 Analyst Rating
Wall Street analysts forecast CNQ stock price to rise
4 Buy
5 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
33.83
Averages
39.17
High
62.00
Current: 0.000
sliders
Low
33.83
Averages
39.17
High
62.00
Raymond James
Michael Barth
Outperform
to
Market Perform
downgrade
$55 -> $65
AI Analysis
2026-03-30
New
Reason
Raymond James
Michael Barth
Price Target
$55 -> $65
AI Analysis
2026-03-30
New
downgrade
Outperform
to
Market Perform
Reason
Raymond James analyst Michael Barth downgraded Canadian Natural to Market Perform from Outperform with a price target of C$65, up from C$55. The firm cites valuation for the downgrade following the stock's outperformance versus the group. The outperformance is "unusual" as Canadian Natural has the second "least torque" to higher oil prices, the analyst tells investors in a research note.
Morgan Stanley
Devin McDermott
Equal Weight
maintain
2026-03-27
New
Reason
Morgan Stanley
Devin McDermott
Price Target
2026-03-27
New
maintain
Equal Weight
Reason
Morgan Stanley analyst Devin McDermott raised the firm's price target on Canadian Natural to C$66 from C$52 and keeps an Equal Weight rating on the shares. Oil, LNG and refining margins have hit their highest levels since 2022 and even with de-escalation in Iran, it is becoming less likely that these markets can revert to their prior regime anytime soon, the analyst tells investors. The firm updated its price deck, increasing its 2026 WTI benchmark by 44%, NGLs by 40%, and cracks by 35%, while noting that its EBITDA estimates across its North America energy coverage are rising by about 40% for 2026 and 23% in 2027 on average.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for CNQ
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Valuation Metrics

The current forward P/E ratio for Canadian Natural Resources Ltd (CNQ.N) is 16.08, compared to its 5-year average forward P/E of 10.34. For a more detailed relative valuation and DCF analysis to assess Canadian Natural Resources Ltd's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
10.34
Current PE
16.08
Overvalued PE
13.24
Undervalued PE
7.45

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
5.49
Current EV/EBITDA
7.01
Overvalued EV/EBITDA
6.47
Undervalued EV/EBITDA
4.52

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
2.37
Current PS
2.59
Overvalued PS
2.77
Undervalued PS
1.97

Financials

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Whales Holding CNQ

A
azValor Asset Management SGIIC, S.A.U.
Holding
CNQ
+30.81%
3M Return
R
Recurrent Investment Advisors LLC
Holding
CNQ
+22.72%
3M Return
N
Ninepoint Partners LP
Holding
CNQ
+17.75%
3M Return
M
Middlefield Capital Corporation
Holding
CNQ
+6.86%
3M Return
M
Miller Howard Investments, Inc.
Holding
CNQ
+5.65%
3M Return
I
Intact Investment Management Inc.
Holding
CNQ
+5.61%
3M Return

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Frequently Asked Questions

What is Canadian Natural Resources Ltd (CNQ) stock price today?

The current price of CNQ is 49.37 USD — it has decreased -1.44

What is Canadian Natural Resources Ltd (CNQ)'s business?

Canadian Natural Resources Limited is a senior crude oil and natural gas production company. The Company has operations in its core areas located in Western Canada, the United Kingdom portion of the North Sea and Offshore Africa. Its Oil Sands Mining and Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations at Horizon Oil Sands (Horizon) and through the Company's direct and indirect interest in the Athabasca Oil Sands Project (AOSP). Within Western Canada in the Midstream and Refining segment, the Company maintains certain activities that include pipeline operations, an electricity co-generation system and an investment in the North West Redwater Partnership (NWRP), a general partnership formed to upgrade and refine bitumen in the Province of Alberta. Its Pelican Lake asset is a large, contiguous, shallow, medium crude oil pool. It produces natural gas in western Canada and has a significant land base in both the Montney and Deep Basin.

What is the price predicton of CNQ Stock?

Wall Street analysts forecast CNQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CNQ is39.17 USD with a low forecast of 33.83 USD and a high forecast of 62.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Canadian Natural Resources Ltd (CNQ)'s revenue for the last quarter?

Canadian Natural Resources Ltd revenue for the last quarter amounts to 9.61B USD, increased 1.49

What is Canadian Natural Resources Ltd (CNQ)'s earnings per share (EPS) for the last quarter?

Canadian Natural Resources Ltd. EPS for the last quarter amounts to 2.54 USD, increased 370.37

How many employees does Canadian Natural Resources Ltd (CNQ). have?

Canadian Natural Resources Ltd (CNQ) has 10750 emplpoyees as of March 30 2026.

What is Canadian Natural Resources Ltd (CNQ) market cap?

Today CNQ has the market capitalization of 104.49B USD.