Overview Dividends

(CNQ) Canadian Natural Resources - Ratings and Ratios

Exchange: NYSE • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA1363851017

Crude Oil, Natural Gas, Natural Gas Liquids

CNQ EPS (Earnings per Share)

EPS Growth (3Y CAGR): -1.84%
EPS Trend (3Y Correlation): 7.1%

CNQ Revenue

Revenue Growth (3Y CAGR): -8.37%
Revenue Trend (3Y Correlation): -6.1%

Description: CNQ Canadian Natural Resources

Canadian Natural Resources Limited (CNQ) is a leading oil and gas exploration and production company with a diverse portfolio of assets in Western Canada, the North Sea, and Offshore Africa. The company produces a range of crude oil types, including light and medium crude, heavy crude, and synthetic crude oil, as well as natural gas and natural gas liquids.

CNQs operational strengths include its midstream assets, such as two crude oil pipeline systems and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. The companys diversified asset base and robust midstream infrastructure position it for long-term success in the energy sector.

From a financial perspective, CNQ has a market capitalization of approximately $67.3 billion USD, with a forward price-to-earnings ratio of 15.72 and a return on equity of 19.03%. Key performance indicators (KPIs) to monitor include production growth, operating costs per barrel, and debt-to-equity ratio. Additionally, investors should track the companys reserve replacement ratio, which measures its ability to replace produced reserves with new discoveries or acquisitions.

Other relevant KPIs for CNQ include its enterprise value-to-EBITDAX ratio, which can help assess the companys valuation relative to its earnings before interest, taxes, depreciation, amortization, and exploration expenses. Furthermore, investors should monitor CNQs cash flow generation, including its free cash flow yield, to evaluate its ability to fund future growth initiatives and return capital to shareholders.

CNQ Stock Overview

Market Cap in USD	62,375m
Sub-Industry	Oil & Gas Exploration & Production
IPO / Inception	1976-05-17

CNQ Stock Ratings

Growth Rating	38.8%
Fundamental	68.8%
Dividend Rating	93.8%
Return 12m vs S&P 500	-27.3%
Analyst Rating	4.05 of 5

CNQ Dividends

Dividend Yield 12m	6.79%
Yield on Cost 5y	27.92%
Annual Growth 5y	20.14%
Payout Consistency	94.6%
Payout Ratio	42.9%

CNQ Growth Ratios

Growth Correlation 3m	-17.2%
Growth Correlation 12m	-42.9%
Growth Correlation 5y	91.3%
CAGR 5y	31.96%
CAGR/Max DD 5y	0.89
Sharpe Ratio 12m	0.80
Alpha	-26.26
Beta	0.540
Volatility	27.26%
Current Volume	3972.4k
Average Volume 20d	4323.5k
Stop Loss	28.4 (-3.1%)
Signal	-1.91

Piotroski VR‑10 (Strict, 0-10) 6.5

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 (13.50b) ratio: 1.26 <= 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 (2.09b) change vs 12m ago -2.74% (target <= -2.0% for YES)

Gross Margin 26.74% (prev 30.72%; Δ -3.98pp) >=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 9.31 (EBITDA TTM 13.50b / Interest Expense TTM 873.0m) >= 6 (WARN >= 3)

Altman Z'' 2.43

(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

(D) 0.68 = Book Value of Equity 29.81b / Total Liabilities 43.97b

Total Rating: 2.43 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 68.81

1. Piotroski 6.50pt = 1.50

2. FCF Yield 7.73% = 3.87

3. FCF Margin 18.18% = 4.54

4. Debt/Equity 0.41 = 2.42

5. Debt/Ebitda 1.27 = 1.36

6. ROIC - WACC 4.12% = 5.15

7. RoE 20.66% = 1.72

8. Rev. Trend -6.14% = -0.31

9. Rev. CAGR -8.37% = -1.39

10. EPS Trend 7.05% = 0.18

11. EPS CAGR -1.84% = -0.23

What is the price of CNQ shares?

As of August 20, 2025, the stock is trading at USD 29.31 with a total of 3,972,391 shares traded.
Over the past week, the price has changed by -1.97%, over one month by -4.09%, over three months by -2.88% and over the past year by -15.82%.

Is Canadian Natural Resources a good stock to buy?

Partly, yes. Based on ValueRay´s Fundamental Analyses, Canadian Natural Resources (NYSE:CNQ) is currently (August 2025) ok to buy, but has to be watched. It has a ValueRay Fundamental Rating of 68.81 and therefor a somewhat positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of CNQ is around 34.76 USD . This means that CNQ is currently undervalued and has a potential upside of +18.59% (Margin of Safety).

Is CNQ a buy, sell or hold?

Canadian Natural Resources has received a consensus analysts rating of 4.05. Therefore, it is recommended to buy CNQ.

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	35.6	21.5%
Analysts Target Price	35.6	21.5%
ValueRay Target Price	38.2	30.3%

Last update: 2025-08-13 02:53

CNQ Fundamental Data Overview

Market Cap CAD = 86.12b (62.38b USD * 1.3806 USD.CAD)
CCE Cash And Equivalents = 102.0m CAD (Cash only, last quarter)
P/E Trailing = 10.4251
P/E Forward = 13.1062
P/S = 1.6415
P/B = 2.0738
P/EG = 12.75
Beta = 1.531
Revenue TTM = 43.85b CAD
EBIT TTM = 8.13b CAD
EBITDA TTM = 13.50b CAD
Long Term Debt = 15.71b CAD (from longTermDebt, last quarter)
Short Term Debt = 1.37b CAD (from shortLongTermDebt, last quarter)
Debt = 17.08b CAD (Calculated: Short Term 1.37b + Long Term 15.71b)
Net Debt = 16.98b CAD (from netDebt column, last quarter)
Enterprise Value = 103.09b CAD (86.12b + Debt 17.08b - CCE 102.0m)
Interest Coverage Ratio = 9.31 (Ebit TTM 8.13b / Interest Expense TTM 873.0m)
FCF Yield = 7.73% (FCF TTM 7.97b / Enterprise Value 103.09b)
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 = 26.74% ((Revenue TTM 43.85b - Cost of Revenue TTM 32.13b) / Revenue TTM)
Tobins Q-Ratio = 3.46 (Enterprise Value 103.09b / Book Value Of Equity 29.81b)
Interest Expense / Debt = 1.39% (Interest Expense 238.0m / Debt 17.08b)
Taxrate = 24.23% (from yearly Income Tax Expense: 1.95b / 8.06b)
NOPAT = 6.16b (EBIT 8.13b * (1 - 24.23%))
Current Ratio = 0.85 (Total Current Assets 7.25b / Total Current Liabilities 8.51b)
Debt / Equity = 0.41 (Debt 17.08b / last Quarter total Stockholder Equity 41.30b)
Debt / EBITDA = 1.27 (Net Debt 16.98b / EBITDA 13.50b)
Debt / FCF = 2.14 (Debt 17.08b / FCF TTM 7.97b)
Total Stockholder Equity = 40.28b (last 4 quarters mean)
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 = 14.52% (Ebit 8.13b / (Equity 40.28b + L.T.Debt 15.71b))
RoIC = 10.97% (NOPAT 6.16b / Invested Capital 56.12b)
WACC = 6.85% (E(86.12b)/V(103.20b) * Re(8.0%)) + (D(17.08b)/V(103.20b) * Rd(1.39%) * (1-Tc(0.24)))
Shares Correlation 5-Years: -100.0 | Cagr: -2.49%
Discount Rate = 8.0% (= CAPM, Blume Beta Adj.) -> floored to rf + ERP 8.05%
[DCF Debug] Terminal Value 78.81% ; FCFE base≈8.96b ; Y1≈9.29b ; Y5≈10.60b
Fair Price DCF = 89.55 (DCF Value 186.33b / Shares Outstanding 2.08b; 5y FCF grow 3.86% → 3.0% )
Revenue Correlation: -6.14 | Revenue CAGR: -8.37%
Revenue Growth Correlation: 64.69%
EPS Correlation: 7.05 | EPS CAGR: -1.84%
EPS Growth Correlation: 32.16%

Additional Sources for CNQ Stock

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