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Canadian Natural Resources TSX:CNQ Stock Report

Last Price

CA$42.50

Market Cap

CA$90.7b

7D

-5.1%

1Y

-1.7%

Updated

22 Dec, 2024

Data

Company Financials +

Canadian Natural Resources Limited

TSX:CNQ Stock Report

Market Cap: CA$90.7b

CNQ Stock Overview

Acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). More details

CNQ fundamental analysis
Snowflake Score
Valuation5/6
Future Growth2/6
Past Performance4/6
Financial Health4/6
Dividends5/6

My Notes

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CA$56.38
FV
24.6% undervalued intrinsic discount
0.25%
Revenue growth p.a.
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4 days ago author updated this narrative

Canadian Natural Resources Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Canadian Natural Resources
Historical stock prices
Current Share PriceCA$42.50
52 Week HighCA$56.50
52 Week LowCA$40.02
Beta1.82
1 Month Change-12.75%
3 Month Change-6.94%
1 Year Change-1.71%
3 Year Change61.97%
5 Year Change102.72%
Change since IPO27,655.10%

Recent News & Updates

These 4 Measures Indicate That Canadian Natural Resources (TSE:CNQ) Is Using Debt Reasonably Well

Nov 29
These 4 Measures Indicate That Canadian Natural Resources (TSE:CNQ) Is Using Debt Reasonably Well

Returns On Capital Are Showing Encouraging Signs At Canadian Natural Resources (TSE:CNQ)

Nov 12
Returns On Capital Are Showing Encouraging Signs At Canadian Natural Resources (TSE:CNQ)

Recent updates

These 4 Measures Indicate That Canadian Natural Resources (TSE:CNQ) Is Using Debt Reasonably Well

Nov 29
These 4 Measures Indicate That Canadian Natural Resources (TSE:CNQ) Is Using Debt Reasonably Well

Returns On Capital Are Showing Encouraging Signs At Canadian Natural Resources (TSE:CNQ)

Nov 12
Returns On Capital Are Showing Encouraging Signs At Canadian Natural Resources (TSE:CNQ)

Is There An Opportunity With Canadian Natural Resources Limited's (TSE:CNQ) 37% Undervaluation?

Aug 24
Is There An Opportunity With Canadian Natural Resources Limited's (TSE:CNQ) 37% Undervaluation?

Canadian Natural Resources Limited Just Missed EPS By 36%: Here's What Analysts Think Will Happen Next

May 04
Canadian Natural Resources Limited Just Missed EPS By 36%: Here's What Analysts Think Will Happen Next

Canadian Natural Resources Limited's (TSE:CNQ) Shares May Have Run Too Fast Too Soon

Apr 05
Canadian Natural Resources Limited's (TSE:CNQ) Shares May Have Run Too Fast Too Soon

Canadian Natural Resources' (TSE:CNQ) Dividend Will Be Increased To CA$1.05

Mar 05
Canadian Natural Resources' (TSE:CNQ) Dividend Will Be Increased To CA$1.05

Canadian Natural Resources Limited (TSE:CNQ) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Mar 02
Canadian Natural Resources Limited (TSE:CNQ) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year

Canadian Natural Resources Limited (TSE:CNQ) Shares Could Be 44% Below Their Intrinsic Value Estimate

Feb 25
Canadian Natural Resources Limited (TSE:CNQ) Shares Could Be 44% Below Their Intrinsic Value Estimate

We Like These Underlying Return On Capital Trends At Canadian Natural Resources (TSE:CNQ)

Feb 11
We Like These Underlying Return On Capital Trends At Canadian Natural Resources (TSE:CNQ)

Shareholder Returns

CNQCA Oil and GasCA Market
7D-5.1%-3.5%-2.6%
1Y-1.7%11.2%15.2%

Return vs Industry: CNQ underperformed the Canadian Oil and Gas industry which returned 11.2% over the past year.

Return vs Market: CNQ underperformed the Canadian Market which returned 15.2% over the past year.

Price Volatility

Is CNQ's price volatile compared to industry and market?
CNQ volatility
CNQ Average Weekly Movement3.9%
Oil and Gas Industry Average Movement6.3%
Market Average Movement8.2%
10% most volatile stocks in CA Market17.4%
10% least volatile stocks in CA Market2.9%

Stable Share Price: CNQ has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: CNQ's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
197310,272Scott Stauthwww.cnrl.com

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO). The company’s midstream assets include two pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

Canadian Natural Resources Limited Fundamentals Summary

How do Canadian Natural Resources's earnings and revenue compare to its market cap?
CNQ fundamental statistics
Market capCA$90.73b
Earnings (TTM)CA$7.60b
Revenue (TTM)CA$35.74b

11.9x

P/E Ratio

2.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CNQ income statement (TTM)
RevenueCA$35.74b
Cost of RevenueCA$17.77b
Gross ProfitCA$17.97b
Other ExpensesCA$10.37b
EarningsCA$7.60b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)3.56
Gross Margin50.27%
Net Profit Margin21.25%
Debt/Equity Ratio25.1%

How did CNQ perform over the long term?

See historical performance and comparison

Dividends

4.9%

Current Dividend Yield

58%

Payout Ratio

Does CNQ pay a reliable dividends?

See CNQ dividend history and benchmarks
When do you need to buy CNQ by to receive an upcoming dividend?
Canadian Natural Resources dividend dates
Ex Dividend DateDec 13 2024
Dividend Pay DateJan 03 2025
Days until Ex dividend9 days
Days until Dividend pay date12 days

Does CNQ pay a reliable dividends?

See CNQ dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 08:53
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Canadian Natural Resources Limited is covered by 55 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Harshit GuptaAccountability Research Corporation
Patrick O'RourkeATB Capital Markets
Thomas DriscollBarclays