Stock Price & Analysis

Based on current trends and analysis, CNQ stock is trading near its 200-day moving average with a neutral RSI of 57.03, suggesting a hold position. The stock offers a strong dividend yield of 7.84%, making it attractive for income-focused investors.

The price prediction for CNQ stock in 2025 is approximately $37 per share, driven by its strong dividend yield of 7.84% and undervalued stock price. The stock is trading near the lower end of its 52-week range, presenting a potential buying opportunity.

The S1 support level for CNQ Stock is $30.19 ,The R1 resistant level for CNQ Stock is $31.6.

As of the end of day on 2025-04-01, the price of CNQ Stock was $31.32.

The target price for CNQ Stock according to analyst rating is 37.46, with the highest price target at 44.12 and the lowest at 30.81. Analysts have a Moderate Buy rating on CNQ Stock overall.

The market cap of CNQ is $65.8B.

Analysis and Insights

Valuation Metrics:

• P/E Ratio: 12.78 (lower than industry average, suggesting undervaluation).
• EV/EBITDA: 6.15 (below industry standards, indicating reasonable pricing).
• P/S Ratio: 2.71 (lower than peers, pointing to undervaluation).
• P/B Ratio: 2.38 (slightly high but not excessive).
• Dividend Yield: 5.87% (attractive, indicating strong returns for shareholders).

Stock Performance:

• Current price: $30.29, with a 52-week range of $25.62 to $41.29.
• Recent increase of 0.5% in the last session, showing positive momentum.
• Trading near the lower end of its 52-week range, presenting a potential buying opportunity.

Technical Indicators:

• RSI values around 64-58, not indicating overbought conditions.
• MACD slightly positive, suggesting a bullish trend.
• Trading above 20-day SMA but below 50 and 200-day SMAs, indicating a recovery phase.

Operational and Strategic Factors:

• 100% ownership in Athabasca Oil Sands Project (AOSP), enhancing production capacity.
• Concerns about natural gas price volatility impacting performance.
• Strong operational performance and attractive dividend yield are positives.

Conclusion:

CNQ does not appear overvalued. Its lower valuation metrics, stable dividend, and production growth potential make it a viable investment for those seeking energy exposure with a decent yield.

Canadian Natural Resources Limited is a senior crude oil and natural gas production company. Its exploration and production segment are focused on North America, in Western Canada, the United Kingdom portion of the North Sea, and Cote d'Ivoire in Offshore Africa. Its Oil Sands Mining and Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations at Horizon Oil Sands and through its direct and indirect interest in the Athabasca Oil Sands Project (AOSP). Within Western Canada in the Midstream and Refining segment, it maintains certain activities: pipeline operations, an electricity co-generation system, and an investment in the Northwest Redwater Partnership, a general partnership formed to upgrade and refine bitumen in the Province of Alberta. It owns a 70% interest in light crude oil and liquids rich Duvernay assets. It owns 90% of AOSP: the Muskeg River and Jackpine mines, the Scotford Upgrader and the Quest Carbon Capture and Storage facility.

CNQ stock is predicted to reach $60 by 2030, driven by rising natural gas prices and strong production growth. The company's diversified assets and consistent dividend increases position it well for long-term appreciation.

CNQ has a total of 10272 employees.