TSX:CNQ

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Canadian Natural Resources

Executive Summary

Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). More Details


Snowflake Analysis

Established dividend payer with reasonable growth potential.


Similar Companies

Share Price & News

How has Canadian Natural Resources's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: CNQ is not significantly more volatile than the rest of Canadian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: CNQ's weekly volatility (9%) has been stable over the past year.


Market Performance


7 Day Return

10.4%

CNQ

8.6%

CA Oil and Gas

2.7%

CA Market


1 Year Return

-15.5%

CNQ

-23.6%

CA Oil and Gas

0.5%

CA Market

Return vs Industry: CNQ exceeded the Canadian Oil and Gas industry which returned -23.6% over the past year.

Return vs Market: CNQ underperformed the Canadian Market which returned 0.5% over the past year.


Shareholder returns

CNQIndustryMarket
7 Day10.4%8.6%2.7%
30 Day50.4%25.4%12.3%
90 Day18.9%2.8%6.1%
1 Year-8.2%-15.5%-19.2%-23.6%4.2%0.5%
3 Year-18.2%-29.9%-25.5%-34.6%12.8%1.9%
5 Year27.4%2.2%-8.5%-24.3%49.7%26.8%

Long-Term Price Volatility Vs. Market

How volatile is Canadian Natural Resources's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Canadian Natural Resources undervalued compared to its fair value and its price relative to the market?

30.6%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: CNQ (CA$31.37) is trading below our estimate of fair value (CA$45.18)

Significantly Below Fair Value: CNQ is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: CNQ is unprofitable, so we can't compare its PE Ratio to the CA Oil and Gas industry average.

PE vs Market: CNQ is unprofitable, so we can't compare its PE Ratio to the Canadian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate CNQ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CNQ is overvalued based on its PB Ratio (1.2x) compared to the CA Oil and Gas industry average (1x).


Next Steps

Future Growth

How is Canadian Natural Resources forecast to perform in the next 1 to 3 years based on estimates from 11 analysts?

99.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CNQ is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.7%).

Earnings vs Market: CNQ is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: CNQ's is expected to become profitable in the next 3 years.

Revenue vs Market: CNQ's revenue (10.1% per year) is forecast to grow faster than the Canadian market (6.2% per year).

High Growth Revenue: CNQ's revenue (10.1% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CNQ's Return on Equity is forecast to be low in 3 years time (7.5%).


Next Steps

Past Performance

How has Canadian Natural Resources performed over the past 5 years?

35.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CNQ is currently unprofitable.

Growing Profit Margin: CNQ is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CNQ is unprofitable, but has reduced losses over the past 5 years at a rate of 35.2% per year.

Accelerating Growth: Unable to compare CNQ's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CNQ is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-52.6%).


Return on Equity

High ROE: CNQ has a negative Return on Equity (-1.82%), as it is currently unprofitable.


Next Steps

Financial Health

How is Canadian Natural Resources's financial position?


Financial Position Analysis

Short Term Liabilities: CNQ's short term assets (CA$4.0B) do not cover its short term liabilities (CA$4.2B).

Long Term Liabilities: CNQ's short term assets (CA$4.0B) do not cover its long term liabilities (CA$37.4B).


Debt to Equity History and Analysis

Debt Level: CNQ's debt to equity ratio (68%) is considered high.

Reducing Debt: CNQ's debt to equity ratio has increased from 60.1% to 68% over the past 5 years.

Debt Coverage: CNQ's debt is well covered by operating cash flow (27%).

Interest Coverage: CNQ is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet


Next Steps

Dividend

What is Canadian Natural Resources's current dividend yield, its reliability and sustainability?

5.42%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: CNQ's dividend (5.42%) is higher than the bottom 25% of dividend payers in the Canadian market (1.62%).

High Dividend: CNQ's dividend (5.42%) is in the top 25% of dividend payers in the Canadian market (5.26%)


Stability and Growth of Payments

Stable Dividend: CNQ's dividends per share have been stable in the past 10 years.

Growing Dividend: CNQ's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: CNQ is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: CNQ's dividends in 3 years are forecast to be covered by earnings (83.9% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.0yrs

Average management tenure


CEO

Tim McKay (58 yo)

2.67yrs

Tenure

CA$8,174,967

Compensation

Mr. Timothy Shawn McKay, also known as Tim, is President and Director of Canadian Natural Resources Limited since March 01, 2018 and February 2018 respectively. Prior thereto, he joined the Corporation as ...


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD6.30M) is about average for companies of similar size in the Canadian market ($USD7.04M).

Compensation vs Earnings: Tim's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Norman Edwards
Executive Chairman8.58yrsCA$12.82m1.86%
CA$ 688.2m
Timothy McKay
President & Director2.67yrsCA$8.17m0.099%
CA$ 36.8m
Mark Stainthorpe
CFO & Senior VP of Finance1.67yrsCA$1.93m0.0023%
CA$ 844.7k
Scott Stauth
Chief Operating Officer of Oil Sands3.5yrsCA$3.10m0.014%
CA$ 5.0m
Corey Bieber
Executive Advisor1.67yrsCA$1.22m0.017%
CA$ 6.2m
Ronald Dae Jung Kim
Principal Accounting Officer & VP of Finance1.67yrsno data0.0027%
CA$ 1.0m
Joy Romero
Vice-President of Technology & Innovationno datano datano data
Stephen Suche
Vice-President of Information & Corporate Services14.33yrsno datano data
Paul Mendes
VP of Legal10.67yrsno data0.0016%
CA$ 578.0k
Réal Cusson
Senior Vice-President of Marketingno dataCA$207.18kno data
Ronald Laing
Senior Vice-President of Corporate Development & Landno datano data0.0013%
CA$ 477.9k
Jon Halford
Vice-President of Human Resources3.42yrsno datano data

3.0yrs

Average Tenure

56yo

Average Age

Experienced Management: CNQ's management team is considered experienced (3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Norman Edwards
Executive Chairman8.58yrsCA$12.82m1.86%
CA$ 688.2m
Timothy McKay
President & Director2.67yrsCA$8.17m0.099%
CA$ 36.8m
Steve Laut
Director14.25yrsCA$6.88m0.20%
CA$ 74.6m
Francis McKenna
Independent Director14.25yrsCA$245.58k0.0014%
CA$ 533.5k
David Tuer
Independent Director18.5yrsCA$223.08k0.0077%
CA$ 2.8m
Gordon Giffin
Independent Lead Director8.5yrsCA$261.08k0.0079%
CA$ 2.9m
Annette Verschuren
Independent Director6yrsCA$236.58k0.0021%
CA$ 766.9k
Wilfred Gobert
Independent Director10yrsCA$229.08k0.0058%
CA$ 2.2m
Catherine Best
Independent Director17yrsCA$242.58k0.0043%
CA$ 1.6m
Christopher Fong
Independent Director10yrsCA$221.58k0.0027%
CA$ 1.0m
M. Cannon
Independent Director1yrCA$37.15k0.0011%
CA$ 400.1k

10.0yrs

Average Tenure

66yo

Average Age

Experienced Board: CNQ's board of directors are seasoned and experienced ( 10 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: CNQ insiders have sold more shares than they have bought in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Canadian Natural Resources Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Canadian Natural Resources Limited
  • Ticker: CNQ
  • Exchange: TSX
  • Founded: 1973
  • Industry: Oil and Gas Exploration and Production
  • Sector: Energy
  • Market Cap: CA$37.050b
  • Shares outstanding: 1.18b
  • Website: https://www.cnrl.com

Number of Employees


Location

  • Canadian Natural Resources Limited
  • 2100, 855-2nd Street SW
  • Calgary
  • Alberta
  • T2P 4J8
  • Canada

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CNQTSX (The Toronto Stock Exchange)YesCommon SharesCACADMay 1976
CNQNYSE (New York Stock Exchange)YesCommon SharesUSUSDMay 1976
CRCDB (Deutsche Boerse AG)YesCommon SharesDEEURMay 1976

Biography

Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/29 00:20
End of Day Share Price2020/11/27 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.