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CNQ

Canadian Natural Resources TSX:CNQ Stock Report

Last Price

CA$84.99

Market Cap

CA$98.1b

7D

7.1%

1Y

103.1%

Updated

28 May, 2022

Data

Company Financials +
CNQ fundamental analysis
Snowflake Score
Valuation3/6
Future Growth1/6
Past Performance6/6
Financial Health4/6
Dividends5/6

CNQ Stock Overview

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

Canadian Natural Resources Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Canadian Natural Resources
Historical stock prices
Current Share PriceCA$84.99
52 Week HighCA$88.18
52 Week LowCA$37.82
Beta2.12
1 Month Change6.04%
3 Month Change22.22%
1 Year Change103.08%
3 Year Change132.79%
5 Year Change118.26%
Change since IPO69,635.39%

Recent News & Updates

May 08
Here's Why I Think Canadian Natural Resources (TSE:CNQ) Might Deserve Your Attention Today

Here's Why I Think Canadian Natural Resources (TSE:CNQ) Might Deserve Your Attention Today

It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

Shareholder Returns

CNQCA Oil and GasCA Market
7D7.1%5.2%2.8%
1Y103.1%65.6%5.7%

Return vs Industry: CNQ exceeded the Canadian Oil and Gas industry which returned 65.6% over the past year.

Return vs Market: CNQ exceeded the Canadian Market which returned 5.7% over the past year.

Price Volatility

Is CNQ's price volatile compared to industry and market?
CNQ volatility
CNQ Average Weekly Movement5.1%
Oil and Gas Industry Average Movement10.1%
Market Average Movement9.9%
10% most volatile stocks in CA Market17.0%
10% least volatile stocks in CA Market4.3%

Stable Share Price: CNQ is less volatile than 75% of Canadian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: CNQ's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19739,735Tim McKayhttps://www.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 synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream and refining assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

Canadian Natural Resources Fundamentals Summary

How do Canadian Natural Resources's earnings and revenue compare to its market cap?
CNQ fundamental statistics
Market CapCA$98.11b
Earnings (TTM)CA$9.39b
Revenue (TTM)CA$34.13b

10.5x

P/E Ratio

2.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
CNQ income statement (TTM)
RevenueCA$34.13b
Cost of RevenueCA$14.96b
Gross ProfitCA$19.16b
Other ExpensesCA$9.78b
EarningsCA$9.39b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)8.13
Gross Margin56.16%
Net Profit Margin27.51%
Debt/Equity Ratio36.1%

How did CNQ perform over the long term?

See historical performance and comparison

Dividends

3.5%

Current Dividend Yield

29%

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 DateJun 16 2022
Dividend Pay DateJul 05 2022
Days until Ex dividend18 days
Days until Dividend pay date37 days

Does CNQ pay a reliable dividends?

See CNQ dividend history and benchmarks

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • PE vs Industry

  • PE vs Market

  • PEG Ratio

  • PB vs Industry


32.6%

Undervalued compared to fair value

Share Price vs. Fair Value

Below Fair Value: CNQ (CA$84.99) is trading below our estimate of fair value (CA$126.13)

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


Price To Earnings Ratio

PE vs Industry: CNQ is poor value based on its Price-To-Earnings Ratio (10.5x) compared to the Canadian Oil and Gas industry average (9.5x).

PE vs Market: CNQ is good value based on its Price-To-Earnings Ratio (10.5x) compared to the Canadian market (11.8x).


Price to Earnings Growth Ratio

PEG Ratio: CNQ's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: CNQ is overvalued based on its Price-To-Book Ratio (2.5x) compared to the CA Oil and Gas industry average (2.1x).


Future Growth

How is Canadian Natural Resources forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

Future Growth Score

1/6

Future Growth Score 1/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-17.0%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: CNQ's earnings are forecast to decline over the next 3 years (-17% per year).

Earnings vs Market: CNQ's earnings are forecast to decline over the next 3 years (-17% per year).

High Growth Earnings: CNQ's earnings are forecast to decline over the next 3 years.

Revenue vs Market: CNQ's revenue is expected to decline over the next 3 years (-6.4% per year).

High Growth Revenue: CNQ's revenue is forecast to decline over the next 3 years (-6.4% per year).


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: CNQ's Return on Equity is forecast to be high in 3 years time (21%)


Past Performance

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

Past Performance Score

6/6

Past Performance Score 6/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


22.6%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: CNQ has high quality earnings.

Growing Profit Margin: CNQ's current net profit margins (27.5%) are higher than last year (11.7%).


Past Earnings Growth Analysis

Earnings Trend: CNQ's earnings have grown significantly by 22.6% per year over the past 5 years.

Accelerating Growth: CNQ's earnings growth over the past year (322.1%) exceeds its 5-year average (22.6% per year).

Earnings vs Industry: CNQ earnings growth over the past year (322.1%) exceeded the Oil and Gas industry 178.1%.


Return on Equity

High ROE: CNQ's Return on Equity (24.4%) is considered high.


Financial Health

How is Canadian Natural Resources's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: CNQ's short term assets (CA$7.2B) do not cover its short term liabilities (CA$9.7B).

Long Term Liabilities: CNQ's short term assets (CA$7.2B) do not cover its long term liabilities (CA$29.9B).


Debt to Equity History and Analysis

Debt Level: CNQ's net debt to equity ratio (34.8%) is considered satisfactory.

Reducing Debt: CNQ's debt to equity ratio has reduced from 62% to 36.1% over the past 5 years.

Debt Coverage: CNQ's debt is well covered by operating cash flow (106.4%).

Interest Coverage: CNQ's interest payments on its debt are well covered by EBIT (17.3x coverage).


Balance Sheet


Dividend

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

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


3.53%

Current Dividend Yield

Upcoming Dividend Payment

TodayMay 29 2022Ex Dividend DateJun 16 2022Dividend Pay DateJul 05 202219 days from Ex DividendBuy in the next 18 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: CNQ's dividend (3.53%) is higher than the bottom 25% of dividend payers in the Canadian market (1.79%).

High Dividend: CNQ's dividend (3.53%) is low compared to the top 25% of dividend payers in the Canadian market (4.86%).


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.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (28.5%), CNQ's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (35.9%), CNQ's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

4.6yrs

Average management tenure


CEO

Tim McKay (59 yo)

4.17yrs

Tenure

CA$9,471,088

Compensation

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


CEO Compensation Analysis

Compensation vs Market: Tim's total compensation ($USD7.43M) is about average for companies of similar size in the Canadian market ($USD7.43M).

Compensation vs Earnings: Tim's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: CNQ's management team is considered experienced (4.6 years average tenure).


Board Members

Experienced Board: CNQ's board of directors are seasoned and experienced ( 13.6 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 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
  • Implied Market Cap: CA$98.107b
  • Shares outstanding: 1.15b
  • Website: https://www.cnrl.com

Number of Employees


Location

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

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/05/28 00:00
End of Day Share Price2022/05/27 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.