Canadian Natural Resources (CNQ) - Stock & Dividends

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

(NYSE:CNQ Stock) 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. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada. Web URL: https://www.cnrl.com

Drawdown (Underwater) Chart

Drawdown / Underwater Chart for Canadian Natural Resources (CNQ) - Stock & Dividends

CNQ Stock Overview

Market Cap in USD 66,131m
Sector Energy
Industry Oil & Gas E&P
GiC SubIndustry Oil & Gas Exploration & Production
TER 0.00%
IPO / Inception 1976-05-17

CNQ Stock Ratings

Fundamental 3.77
Dividend 9.58
Growth 5y 8.09
Rel. Performance vs Sector 1.21
Analysts 4.09
Fair Price Total Ret. 69.89
Fair Price DCF 162.19

CNQ Dividends

Yield 12m 4.19%
Yield on Cost 5y 12.85%
Dividends CAGR 5y 19.86%
Payout Consistency 96.4%

CNQ Growth Ratios

Growth 12m 21.03%
Growth Correlation 12m 59%
Growth Correlation 3m -22%
CAGR 5y 25.04%
CAGR / Mean Drawdown 1.72
Sharpe Ratio 12m 0.53
Alpha vs SP500 12m -23.07
Beta vs SP500 5y weekly 1.56
CAPM 9.58%
Average Daily Range 2m 2.14%
Regime Oscillator 84.34
Volatility GJR Garch 1y 32.21%
Price / SMA 50 2.53%
Price / SMA 200 7.43%
Current Volume 2694.6k
Average Volume 20d 3221.9k

External Links for CNQ Stock

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What is the price of CNQ stocks?
As of February 24, 2024, the stock is trading at USD 65.32 with a total of 2,694,584 shares traded.
Over the past week, the price has changed by +3.49%, over one month by +4.18%, over three months by +1.19% and over the past year by +22.80%.
Why is CNQ stock down?
Check with which Index or Commodity CNQ has the highest Correlation, do they have a common driver?
Review the Fundamentals to find weaknesses (Debt, low returns). Check the Performance of the Peer-Group to find out, if the entire sector is under pressure.
Period Return CNQ Return S&P 500
1 Month 4.18% 4.74%
3 Months 1.19% 11.99%
12 Months 22.80% 28.68%
What is the forecast for CNQ stock price target?
According to ValueRays Forecast Model, CNQ Canadian Natural Resources will be worth about 76.9 in February 2025. The stock is currently trading at 65.32. This means that the stock has a potential upside of +17.73%.
Issuer Forecast Upside
Wallstreet Target Price 72.7 11.3%
Analysts Target Price 71.5 9.4%
ValueRay Target Price 76.9 17.7%

Canadian Natural Resources Ltd: A Comprehensive Overview

A Glimpse into History

Canadian Natural Resources Ltd, widely known as CNRL or Canadian Natural, is an energy company that took its initial steps in Calgary, Alberta, in 1973. Starting out, its focus was primarily on natural gas and light crude oil exploration and production within Western Canada. Over the decades, CNRL expanded its reach, engaging in larger projects and diversifying its portfolio across North America and certain areas of the North Sea and offshore Africa. Its growth strategy included both the development of owned properties and strategic acquisitions, allowing it to stand today as one of Canada's largest crude oil and natural gas producers.

Core Business and Diversified Operations

The heart of Canadian Natural's operations lies in its exploration and production of natural gas and crude oil, with a significant focus on the sustainable development of its oil sands reserves. The company's portfolio includes a mix of natural gas, light and heavy crude oil, bitumen, and synthetic crude oil, showcasing its diversified production capabilities. Additionally, it has invested in pipeline assets and electricity generation, further expanding its range of operations and ensuring a level of self-sufficiency in its operations.

Alongside its core activities, Canadian Natural has pursued side businesses that complement its primary operations. It has ventured into midstream services, which include the transportation, storing, and marketing of its petroleum products. These side businesses not only provide a buffer against the volatility of the energy market but also create integrated value chains that enhance the company's operational efficiency and profitability.

Current Market Status

As of 2023, Canadian Natural Resources Ltd continues to play a significant role in the global energy market. Despite the challenges posed by fluctuating oil prices and the global shift towards renewable energy, CNRL has maintained a robust financial performance. Its strategic focus on cost management, efficiency improvements, and operational flexibility has allowed the company to navigate the complexities of the energy sector successfully. With a strong emphasis on sustainability and environmental stewardship, Canadian Natural aims to balance economic growth with a commitment to reducing its environmental footprint, positioning it well for future advancements in the energy industry.