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CNQ Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
44.895
Open
44.710
VWAP
44.57
Vol
8.41M
Mkt Cap
92.64B
Low
44.285
Amount
374.88M
EV/EBITDA(TTM)
8.42
Total Shares
2.08B
EV
146.22B
EV/OCF(TTM)
10.37
P/S(TTM)
3.30
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

(ET)
2026-05-08
08:50:00
Immutep Ltd Borrow Rate Increases to 117.72%
select
2026-04-13 (ET)
2026-04-13
08:50:00
Liquid Option Borrow Rates Rise: LABU Up 10.20%
select

News

seekingalpha
9.5
05-07seekingalpha
Canadian Natural Resources Reports Strong Q1 Earnings Despite Stock Decline
  • Earnings Beat Expectations: Canadian Natural Resources (CNQ) reported Q1 adjusted earnings of C$1.17 per share, surpassing the C$1.05 analyst forecast, driven by increased production in its oil sands and conventional operations, although the stock fell due to declining crude oil prices.
  • Net Earnings Decline: Q1 net earnings dropped to C$1.35 billion (approximately US$988 million), down from C$2.46 billion (C$1.17/share) in the same quarter last year, primarily impacted by C$1.1 billion in non-operating losses related to share-based compensation and foreign exchange fluctuations.
  • Production Growth Continues: Total production rose 3.8% year-over-year to 1.64 million boe/day in Q1, aligning with the company's full-year output target, with crude oil and natural gas liquids volumes nearing 1.2 million bbl/day and gas production increasing 8.9% to 2.67 billion cf/day.
  • Debt Reduction and Buybacks Accelerated: The company noted that higher commodity prices have facilitated debt reduction, bringing net debt below C$16 billion, and accelerated share buybacks with C$309 million repurchased in April, indicating positive financial management progress.
NASDAQ.COM
9.5
05-07NASDAQ.COM
Canadian Natural Resources Reports Q1 Profit Decline
  • Profit Decline: Canadian Natural Resources reported a first-quarter profit of C$1.348 billion, or C$0.64 per share, down from C$2.458 billion and C$1.17 per share last year, indicating significant profitability challenges amid a tough market environment.
  • Adjusted Earnings: Excluding items, the company reported adjusted earnings of C$2.446 billion, or C$1.17 per share, which, while stable compared to last year, fails to offset the overall profit decline, suggesting pressures on cost control and operational efficiency.
  • Revenue Slightly Down: Revenue for the quarter was C$10.810 billion, a 1.2% decrease from C$10.939 billion last year, a trend that could impact the company's cash flow and reinvestment capacity, posing challenges for future growth.
  • Uncertain Market Outlook: Given the volatility in global energy markets and pricing pressures, Canadian Natural Resources must reassess its strategy to address potential declines in profitability and intensifying market competition.
seekingalpha
8.0
05-07seekingalpha
Canadian Natural Resources Declares Quarterly Dividend of CAD 0.625
  • Quarterly Dividend Announcement: Canadian Natural Resources has declared a quarterly dividend of CAD 0.625 per share, consistent with previous distributions, reflecting the company's stable cash flow and profitability.
  • Dividend Payment Schedule: The dividend will be payable on July 7, with a record date of June 19 and an ex-dividend date also set for June 19, ensuring shareholders receive their returns promptly.
  • Earnings Outlook Reaffirmed: The company reported a non-GAAP EPS of CAD 1.17, reaffirming its full-year outlook, indicating strong confidence in its future profitability.
  • Earnings Beat Expectations: The non-GAAP EPS of CAD 0.82 exceeded market expectations by CAD 0.12, leading to an updated outlook for FY26, showcasing robust growth potential.
seekingalpha
9.5
05-07seekingalpha
Canadian Natural Resources Reports Strong Q1 Earnings
  • Earnings Performance: Canadian Natural Resources reported a non-GAAP EPS of C$1.17 for Q1, exceeding market expectations and indicating strong profitability, which is likely to positively impact the stock price.
  • Cash Flow Generation: The company generated approximately C$4.4 billion in adjusted funds flow in Q1, demonstrating robust cash flow that supports future investments and shareholder returns.
  • Production Highlights: Average production for the quarter was approximately 1,643,000 BOE/d, with total liquids production around 1,198,000 bbl/d, of which 66% was synthetic crude oil, light crude oil, and NGLs, showcasing ongoing growth in resource development.
  • Year-over-Year Growth: Total company production increased by 4% or approximately 61,000 BOE/d compared to Q1 2025, reflecting the company's competitive position and ongoing enhancements in production capacity.
seekingalpha
9.5
05-06seekingalpha
Canadian Natural Resources Q1 Earnings Preview
  • Earnings Announcement Date: Canadian Natural Resources is set to announce its Q1 2023 earnings on May 7 before market open, with a consensus EPS estimate of $0.78, reflecting a significant year-over-year decline of 32.8%, which could directly impact investor sentiment.
  • Historical Performance Review: Over the past two years, CNQ has beaten EPS estimates 88% of the time, yet has failed to surpass revenue estimates, indicating considerable volatility in profitability that may affect future investment decisions.
  • Expectation Revision Dynamics: In the last three months, EPS estimates have seen four upward revisions and one downward revision, while revenue estimates have had one upward revision with no downward adjustments, suggesting a growing confidence in the company's future performance that may attract more investor interest.
  • Market Reaction Potential: As the earnings report approaches, investor anticipation regarding the company's profitability and market performance is high, especially against the backdrop of current energy market fluctuations, with the earnings results likely to have a significant impact on stock prices.
seekingalpha
8.5
05-05seekingalpha
Canadian Crude Pipeline Project Nears Commitment Threshold
  • Project Progress: The pipeline project led by South Bow Corp and Bridger Pipeline is expected to extend from Alberta through Montana to Wyoming, having secured commitments for approximately 400,000 barrels per day, which accounts for about 72% of its planned initial capacity.
  • Export Potential: This project could boost Canadian crude exports to the U.S. by over 12% and revive portions of the infrastructure tied to the canceled Keystone XL project, demonstrating a proactive response to market demand.
  • Industry Support: Major Canadian producers, including Cenovus Energy and Canadian Natural Resources, have shown support for the project, reflecting an urgent need within the industry to increase transportation capacity to accommodate rising output.
  • Policy Momentum: Following U.S. President Trump's approval of a cross-border permit last week, the pipeline project has gained new momentum, with the potential to transport over 1 million barrels per day if built, although further connections will be necessary to reach major refining hubs.
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
Market Perform -> Outperform
upgrade
AI Analysis
2026-05-07
New
Reason
Raymond James
Price Target
AI Analysis
2026-05-07
New
upgrade
Market Perform -> Outperform
Reason
Raymond James upgraded Canadian Natural to Outperform from Market Perform.
Raymond James
Michael Barth
Market Perform
to
Outperform
upgrade
$65 -> $67
2026-05-07
New
Reason
Raymond James
Michael Barth
Price Target
$65 -> $67
2026-05-07
New
upgrade
Market Perform
to
Outperform
Reason
Raymond James analyst Michael Barth upgraded Canadian Natural to Outperform from Market Perform with a price target of C$67, up from C$65. Since the firm previously downgraded shares in late March, the stock has sold off about 13% and underperformed the peer group by about 10%, notes the analyst, who adds that the stock is now nearly back to the levels seen before the Iran conflict started. Over the same period, synthetic crude oil premiums have started to emerge, which is largely a Canadian Natural-specific tailwind that causes the firm to raise its FY26 and FY27 AFFO estimates, says the analyst, who sees better visibility to the company achieving their long-term net debt target by the end of the year while \"simultaneously materially increasing shareholder returns.\"
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 13.62, compared to its 5-year average forward P/E of 10.66. 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
10.66
Current PE
13.62
Overvalued PE
13.78
Undervalued PE
7.53

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
5.56
Current EV/EBITDA
6.41
Overvalued EV/EBITDA
6.53
Undervalued EV/EBITDA
4.58

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
2.38
Current PS
2.32
Overvalued PS
2.76
Undervalued PS
2.00

Financials

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Whales Holding CNQ

R
Recurrent Investment Advisors LLC
Holding
CNQ
+13.87%
3M Return
H
Healthcare of Ontario Pension Plan Trust Fund
Holding
CNQ
+11.50%
3M Return
N
National Bank Investments Inc.
Holding
CNQ
+11.36%
3M Return
I
Ingalls & Snyder, LLC
Holding
CNQ
+10.46%
3M Return
A
azValor Asset Management SGIIC, S.A.U.
Holding
CNQ
+10.28%
3M Return
C
Canadian Imperial Bank of Commerce
Holding
CNQ
+9.80%
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 44.53 USD — it has decreased -0.47

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 10.81B USD, decreased -1.18

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 0.64 USD, decreased -45.30

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

Canadian Natural Resources Ltd (CNQ) has 10750 emplpoyees as of May 10 2026.

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

Today CNQ has the market capitalization of 92.64B USD.