(CNQ) Canadian Natural Resources - Ratings and Ratios
Crude Oil, Natural Gas, Natural Gas Liquids, Synthetic Crude Oil, Bitumen
CNQ EPS (Earnings per Share)
CNQ Revenue
Description: CNQ Canadian Natural Resources
Canadian Natural Resources Ltd (CNQ) is an integrated upstream and midstream oil and gas company that acquires, explores, develops, produces, markets, and sells crude oil, natural gas, and natural-gas liquids (NGLs) across three geographic segments: Western Canada, the United Kingdom sector of the North Sea, and offshore Africa.
The firm’s product slate includes light and medium crude, primary heavy crude, Pelican Lake heavy crude, bitumen (thermal oil), and synthetic crude oil (SCO). Its midstream footprint features two crude-oil pipeline systems and a 50 % working interest in an 84-MW cogeneration plant at Primrose, providing on-site power and steam for its oil-sands operations.
Key operating metrics from the most recent fiscal year (2023) show net production of approximately 1.1 million barrels of oil equivalent per day (boe/d), a cash flow conversion of 85 %, and capital expenditures of US$5.4 billion, of which roughly US$2.1 billion was allocated to oil-sands expansion projects. The company’s exposure to natural-gas price volatility is modest (≈ 15 % of total revenue) and is partially hedged through long-term contracts.
Sector-wide drivers that materially affect CNQ’s outlook include the differential between Canadian Western Canadian Select (WCS) and U.S. West Texas Intermediate (WTI) prices, which has averaged a 30-cent discount in 2023, and OPEC-plus production decisions that set the global oil price floor. Regulatory risk in Alberta-particularly potential carbon-pricing increases-remains a key uncertainty for the oil-sands segment.
For a data-rich, quantitative assessment of CNQ’s valuation relative to these drivers, you may find it worthwhile to explore the analyst tools on ValueRay.
CNQ Stock Overview
Market Cap in USD | 65,660m |
Sub-Industry | Oil & Gas Exploration & Production |
IPO / Inception | 1976-05-17 |
CNQ Stock Ratings
Growth Rating | 24.1% |
Fundamental | 72.2% |
Dividend Rating | 87.9% |
Return 12m vs S&P 500 | -23.0% |
Analyst Rating | 4.05 of 5 |
CNQ Dividends
Dividend Yield 12m | 5.51% |
Yield on Cost 5y | 25.06% |
Annual Growth 5y | 25.77% |
Payout Consistency | 94.7% |
Payout Ratio | 44.0% |
CNQ Growth Ratios
Growth Correlation 3m | 46.2% |
Growth Correlation 12m | 4.8% |
Growth Correlation 5y | 90% |
CAGR 5y | 5.95% |
CAGR/Max DD 3y (Calmar Ratio) | 0.17 |
CAGR/Mean DD 3y (Pain Ratio) | 0.52 |
Sharpe Ratio 12m | 0.72 |
Alpha | -30.79 |
Beta | 1.388 |
Volatility | 31.10% |
Current Volume | 5012.2k |
Average Volume 20d | 6934.5k |
Stop Loss | 29.2 (-3.1%) |
Signal | -0.25 |
Piotroski VR‑10 (Strict, 0-10) 7.5
Net Income (8.32b TTM) > 0 and > 6% of Revenue (6% = 2.63b TTM) |
FCFTA 0.09 (>2.0%) and ΔFCFTA -4.40pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
NWC/Revenue -2.89% (prev -2.63%; Δ -0.27pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
CFO/TA 0.16 (>3.0%) and CFO 13.83b > Net Income 8.32b (YES >=105%, WARN >=100%) |
Net Debt (16.98b) to EBITDA (18.31b) ratio: 0.93 <= 3.0 (WARN <= 3.5) |
Current Ratio 0.85 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
Outstanding Shares last Quarter (2.10b) change vs 12m ago -2.32% (target <= -2.0% for YES) |
Gross Margin 33.82% (prev 30.72%; Δ 3.11pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
Asset Turnover 54.40% (prev 50.84%; Δ 3.56pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
Interest Coverage Ratio 12.80 (EBITDA TTM 18.31b / Interest Expense TTM 873.0m) >= 6 (WARN >= 3) |
Altman Z'' 2.96
(A) -0.01 = (Total Current Assets 7.25b - Total Current Liabilities 8.51b) / Total Assets 85.27b |
(B) 0.35 = Retained Earnings (Balance) 29.81b / Total Assets 85.27b |
(C) 0.14 = EBIT TTM 11.17b / Avg Total Assets 80.61b |
(D) 0.94 = Book Value of Equity 41.30b / Total Liabilities 43.97b |
Total Rating: 2.96 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 72.17
1. Piotroski 7.50pt = 2.50 |
2. FCF Yield 7.30% = 3.65 |
3. FCF Margin 18.18% = 4.54 |
4. Debt/Equity 0.41 = 2.42 |
5. Debt/Ebitda 0.93 = 1.87 |
6. ROIC - WACC (= 7.85)% = 9.81 |
7. RoE 20.66% = 1.72 |
8. Rev. Trend -6.14% = -0.46 |
9. EPS Trend -77.49% = -3.87 |
What is the price of CNQ shares?
Over the past week, the price has changed by -4.04%, over one month by -6.80%, over three months by -1.58% and over the past year by -11.09%.
Is Canadian Natural Resources a good stock to buy?
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CNQ is around 29.73 USD . This means that CNQ is currently overvalued and has a potential downside of -1.33%.
Is CNQ a buy, sell or hold?
- Strong Buy: 8
- Buy: 6
- Hold: 7
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the CNQ price?
Issuer | Target | Up/Down from current |
---|---|---|
Wallstreet Target Price | 35 | 16.3% |
Analysts Target Price | 35 | 16.3% |
ValueRay Target Price | 33.5 | 11.1% |
Last update: 2025-10-12 02:01
CNQ Fundamental Data Overview
P/E Trailing = 11.1348
P/E Forward = 15.8479
P/S = 1.728
P/B = 2.2056
P/EG = 12.75
Beta = 1.388
Revenue TTM = 43.85b CAD
EBIT TTM = 11.17b CAD
EBITDA TTM = 18.31b CAD
Long Term Debt = 15.71b CAD (from longTermDebt, last quarter)
Short Term Debt = 1.37b CAD (from shortTermDebt, last quarter)
Debt = 17.08b CAD (from shortLongTermDebtTotal, last quarter)
Net Debt = 16.98b CAD (from netDebt column, last quarter)
Enterprise Value = 109.19b CAD (92.21b + Debt 17.08b - CCE 102.0m)
Interest Coverage Ratio = 12.80 (Ebit TTM 11.17b / Interest Expense TTM 873.0m)
FCF Yield = 7.30% (FCF TTM 7.97b / Enterprise Value 109.19b)
FCF Margin = 18.18% (FCF TTM 7.97b / Revenue TTM 43.85b)
Net Margin = 18.98% (Net Income TTM 8.32b / Revenue TTM 43.85b)
Gross Margin = 33.82% ((Revenue TTM 43.85b - Cost of Revenue TTM 29.02b) / Revenue TTM)
Gross Margin QoQ = 23.87% (prev 27.98%)
Tobins Q-Ratio = 1.28 (Enterprise Value 109.19b / Total Assets 85.27b)
Interest Expense / Debt = 1.39% (Interest Expense 238.0m / Debt 17.08b)
Taxrate = 12.46% (350.0m / 2.81b)
NOPAT = 9.78b (EBIT 11.17b * (1 - 12.46%))
Current Ratio = 0.85 (Total Current Assets 7.25b / Total Current Liabilities 8.51b)
Debt / Equity = 0.41 (Debt 17.08b / totalStockholderEquity, last quarter 41.30b)
Debt / EBITDA = 0.93 (Net Debt 16.98b / EBITDA 18.31b)
Debt / FCF = 2.13 (Net Debt 16.98b / FCF TTM 7.97b)
Total Stockholder Equity = 40.28b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.76% (Net Income 8.32b / Total Assets 85.27b)
RoE = 20.66% (Net Income TTM 8.32b / Total Stockholder Equity 40.28b)
RoCE = 19.96% (EBIT 11.17b / Capital Employed (Equity 40.28b + L.T.Debt 15.71b))
RoIC = 17.43% (NOPAT 9.78b / Invested Capital 56.12b)
WACC = 9.58% (E(92.21b)/V(109.29b) * Re(11.13%) + D(17.08b)/V(109.29b) * Rd(1.39%) * (1-Tc(0.12)))
Discount Rate = 11.13% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -100.0 | Cagr: -1.85%
[DCF Debug] Terminal Value 68.53% ; FCFE base≈8.96b ; Y1≈9.29b ; Y5≈10.60b
Fair Price DCF = 55.59 (DCF Value 115.66b / Shares Outstanding 2.08b; 5y FCF grow 3.86% → 3.0% )
EPS Correlation: -77.49 | EPS CAGR: -65.07% | SUE: -4.0 | # QB: 0
Revenue Correlation: -6.14 | Revenue CAGR: -9.09% | SUE: 0.29 | # QB: 0
Additional Sources for CNQ Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle