CNQ

Canadian Natural Resources Limited [CNQ] Stock Forecast

Q: What is Canadian Natural Resources Limited stock symbol ?

Canadian Natural Resources Limited is a CA stock, located in Calgary of Ab and trading under the symbol CNQ

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CNQ Stock Summary

Earnings have grown 50.76% per last year.

EPS has been increasing for the past 3 years (Yearly statements)

CNQ's dividend payments are well covered by cash flows with cash payout ratio of 40.56%.

CNQ has more than 2 years of cash runway (33 months)

Earnings are expected to fall -62.1% next year

Profit margins (0.21%) are lower than the previous year (0.22%)

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In the News

09:30 08 Jun 2023 CNQ

My Top Energy Crisis Picks: 2 Dividend Powerhouses

I expect oil prices to hit triple-digit dollar prices when economic demand bottoms, creating a perfect storm of rising demand and subdued supply growth. I'm gradually adding to my oil position and focusing on value stocks, with a preference for companies with high-quality reserves, efficient production, low breakevens, healthy balance sheets, and dedicated management teams. This article highlights two (and a bonus) oil and gas plays that I believe will outperform their peers and add tremendous long-term value to shareholders.

01:00 08 Jun 2023 CNQ

How To Allocate $15,000 Among My Top 10 Dividend Growth Companies For June 2023

In today's article, I will demonstrate how you could allocate $15,000 among two dividend-paying ETFs and my top 10 dividend growth companies for June 2023. This investment portfolio offers you a Weighted Average Dividend Yield [TTM] of 3.12% and a broad diversification over Sectors and Industries. The selected picks have also shown a Weighted Average Dividend Growth Rate [CAGR] of 11.67% over the past 5 years.

06:00 08 Jun 2023 CNQ

My Top 10 Dividend Growth Stocks To Invest In For June 2023

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12:57 08 Jun 2023 CNQ

Canadian oil sands output expected to reach 3.7 mln bpd by 2030 - S&P Global

Canadian oil sands production is expected to reach 3.7 million barrels per day by 2030, S&P Global said on Thursday, raising the analytics firm's 2030 production outlook for the country for the first time in half a decade.

12:47 08 Jun 2023 CNQ

Canadian Natural (CNQ) Q1 Earnings Beat, Revenues Fall Y/Y

Canadian Natural (CNQ) anticipates total capital expenditures of C$5.2 billion and production of 1,330,000-1,374,000 BOE/d for 2023.

03:57 08 Jun 2023 CNQ

Canadian Natural Resources (CNQ) Beats Q1 Earnings and Revenue Estimates

Canadian Natural Resources (CNQ) came out with quarterly earnings of $1.25 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $2.26 per share a year ago.

01:06 08 Jun 2023 CNQ

Canadian Natural Resources Limited (CNQ) Q1 2023 Earnings Call Transcript

Canadian Natural Resources Limited (NYSE:CNQ ) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET Company Participants Lance Casson - Manager, Investor Relations Tim McKay - President Mark Stainthorpe - Chief Financial Officer Conference Call Participants Greg Pardy - RBC Capital Markets Dennis Fong - CIBC Neil Mehta - Goldman Sachs Menno Hulshof - TD Securities Operator Good morning. We would like to welcome everyone to the Canadian Natural Resources 2023 First Quarter Earnings Conference Call and Webcast.

04:51 08 Jun 2023 CNQ

V&M Breakouts: Top Long-Term Growth And Dividend Stocks For May 2023

The May 2022 total return portfolio for 1-year is up +17.09%, and the May 2021 2-year portfolio is up 21.33%, not adjusted for greater than 2%+ dividends. The first May 2020 portfolio had +66.98% 2-year returns.

08:30 08 Jun 2023 CNQ

Energy Crisis: 3 Oil Stocks That Get You Paid Handsomely

Energy Crisis: 3 Oil Stocks That Get You Paid Handsomely.

06:55 08 Jun 2023 CNQ

Canadian Natural Resources: 10% Total Yield Makes It A Top Energy Pick

Canadian Natural Resources: 10% Total Yield Makes It A Top Energy Pick.

CNQ Financial details

Company Rating

Strong Buy

Market Cap

61.2B

Income

9.64B

Revenue

46.95B

Book val./share

35.06

Cash/share

0.52

Dividend

3.58

Dividend %

4.76%

Employees

10.04K

Optionable

Shortable

Yes

Earnings

02 Aug 2023

P/E

8.58

Forward P/E

PEG

2.69

P/S

1.75

P/B

2.14

P/C

108.1

P/FCF

6.37

Quick Ratio

0.53

Current Ratio

0.83

Debt / Equity

0.95

LT Debt / Equity

0.29

EPS (TTM)

8.56

EPS next Y

EPS next Q

0.64

EPS this Y

48.54%

EPS next Y

EPS next 5Y

-60.28%

EPS last 5Y

35.25%

Revenue last 5Y

17.32%

Revenue Q/Q

-13.29%

EPS Q/Q

18.98%

SMA20

SMA50

3.7%

SMA100

-1.75%

Inst Own

68.25%

Inst Trans

1.18%

ROA

13%

ROE

25%

ROC

0.19%

Gross Margin

30%

Oper. Margin

28%

Profit Margin

21%

Payout

54%

Shs Outstand

1.09B

Shs Float

1.07B

Target Price

53.45

52W Range

43.67287-67.65916

52W High

-16.1%

52W Low

+30.72%

RSI

Rel Volume

0.55

Avg Volume

2.2M

Volume

1.2M

Perf Week

0.25%

Perf Month

-6.71%

Perf Quarter

5.72%

Perf Half Y

-1.61%

Beta

2.02211

Volatility

0.35%, 0.95%

Prev Close

-0.02%

Price

56.21

Change

-0.14%

CNQ Financial Performance

Yearly Fundamentals Overview

Last date of statement is 2022-12-31

Metric	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31
Revenue per share	18.28	20.48	14.8	27.81	43.64
Net income per share	2.13	4.55	-0.37	6.49	9.64
Operating cash flow per share	8.3	7.41	3.99	12.26	17.09
Free cash flow per share	4.66	4.45	1.83	8.45	12.59
Cash per share	0.51	0.53	0.41	0.89	1.24
Book value per share	26.23	29.38	27.4	31.28	33.64
Tangible book value per share	26.23	29.38	27.4	31.28	33.64
Share holders equity per share	26.23	29.38	27.4	31.28	33.64
Interest debt per share	17.58	18.32	18.79	13.04	10.57
Market cap	40.06B	50.32B	36.24B	63.6B	85.32B
Enterprise value	60.58B	71.16B	57.51B	77.55B	95.85B
P/E ratio	15.46	9.29	-83.31	8.3	7.8
Price to sales ratio	1.8	2.06	2.07	1.94	1.72
POCF ratio	3.96	5.7	7.69	4.39	4.4
PFCF ratio	7.05	9.51	16.79	6.37	5.97
P/B Ratio	1.25	1.44	1.12	1.72	2.24
PTB ratio	1.25	1.44	1.12	1.72	2.24
EV to sales	2.72	2.92	3.29	2.36	1.94
Enterprise value over EBITDA	6.39	6.39	10.27	5.09	4.33
EV to operating cash flow	5.99	8.06	12.2	5.36	4.94
EV to free cash flow	10.67	13.44	26.64	7.77	6.71
Earnings yield	0.06	0.11	-0.01	0.12	0.13
Free cash flow yield	0.14	0.11	0.06	0.16	0.17
Debt to equity	1.24	1.23	1.32	1.08	0.99
Debt to assets	0.55	0.55	0.57	0.52	0.5
Net debt to EBITDA	2.16	1.87	3.8	0.92	0.48
Current ratio	0.63	0.68	0.86	0.8	0.82
Interest coverage	6.08	6.69	-0.59	13.38	26.89
Income quality	3.91	1.63	-10.84	1.89	1.77
Dividend Yield	0.04	0.03	0.05	0.03	0.06
Payout ratio	0.6	0.32	-4.48	0.28	0.45
Sales general and administrative to revenue	0.01	0.02	0.02	0.03	0.02
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0	0	0	0	0
Capex to operating cash flow	-0.44	-0.4	-0.54	-0.31	-0.26
Capex to revenue	-0.2	-0.14	-0.15	-0.14	-0.1
Capex to depreciation	-0.86	0	0	0	0
Stock based compensation to revenue	-0.01	0.01	0	0.02	0.02
Graham number	35.42	54.83	15.06	67.57	85.4
ROIC	0.05	0.08	0	0.1	0.16
Return on tangible assets	0.04	0.07	-0.01	0.1	0.14
Graham Net	-30.87	-33.64	-33.85	-30.1	-29.06
Working capital	-1.74B	-2.15B	-717M	-1.48B	-1.59B
Tangible asset value	31.97B	34.99B	32.38B	36.95B	38.18B
Net current asset value	-36.57B	-38.64B	-38.54B	-33.78B	-30.91B
Invested capital	0.64	0.6	0.66	0.4	0.3
Average receivables	1.93B	1.81B	2.49B	2.81B	3.33B
Average payables	777M	797.5M	741.5M	735M	1.07B
Average inventory	924.5M	1.05B	1.11B	1.3B	1.68B
Days sales outstanding	18.81	37.08	52.15	34.56	26.2
Days payables outstanding	16.66	16.51	13.97	13.16	14.71
Days of inventory on hand	20.42	23.3	22.21	25.36	19.91
Receivables turnover	19.41	9.84	7	10.56	13.93
Payables turnover	21.91	22.11	26.12	27.74	24.81
Inventory turnover	17.87	15.66	16.44	14.39	18.33
ROE	0.08	0.15	-0.01	0.21	0.29
Capex per share	-3.64	-2.97	-2.16	-3.8	-4.5

Quarterly Fundamentals Overview

Last date of statement is 2023-03-31 for Q1

Metric	2022-03-31	2022-06-30	2022-09-30	2022-12-31	2023-03-31
Revenue per share	10.42	12	11.24	9.96	8.68
Net income per share	2.66	3.04	2.52	1.37	1.63
Operating cash flow per share	2.45	5.12	5.45	4.11	1.18
Free cash flow per share	1.27	3.92	4.44	3	0.06
Cash per share	0.44	0.52	0.87	1.28	0.52
Book value per share	33.04	34.18	34.09	34.51	35.06
Tangible book value per share	33.04	34.18	34.09	34.51	35.06
Share holders equity per share	33.04	34.18	34.09	34.51	35.06
Interest debt per share	12.08	11.09	11.71	10.42	11.07
Market cap	90.24B	79B	71.24B	83.15B	82.36B
Enterprise value	104.03B	91.37B	83.63B	93.67B	94.29B
P/E ratio	7.28	5.64	6.33	13.68	11.45
Price to sales ratio	7.44	5.72	5.67	7.55	8.63
POCF ratio	31.63	13.4	11.68	18.3	63.6
PFCF ratio	60.81	17.49	14.35	25.04	1.25K
P/B Ratio	2.34	2.01	1.87	2.18	2.13
PTB ratio	2.34	2.01	1.87	2.18	2.13
EV to sales	8.57	6.62	6.65	8.51	9.88
Enterprise value over EBITDA	19.01	14.29	14	21.94	24.38
EV to operating cash flow	36.46	15.5	13.71	20.61	72.81
EV to free cash flow	70.1	20.22	16.84	28.21	1.43K
Earnings yield	0.03	0.04	0.04	0.02	0.02
Free cash flow yield	0.02	0.06	0.07	0.04	0
Debt to equity	1.03	0.99	1.03	0.99	0.95
Debt to assets	0.51	0.5	0.51	0.5	0.49
Net debt to EBITDA	2.52	1.93	2.07	2.46	3.08
Current ratio	0.75	0.85	0.78	0.82	0.83
Interest coverage	24.94	31.46	30.13	15.01	15.91
Income quality	0.92	1.68	2.17	2.99	0.72
Dividend Yield	0.01	0.01	0.04	0.01	0.01
Payout ratio	0.22	0.25	0.9	0.55	0.52
Sales general and administrative to revenue	0.05	0	0.01	0.04	0.02
Research and developement to revenue	0	0	0	0	0
Intangibles to total assets	0	0	0	0	0
Capex to operating cash flow	-0.48	-0.23	-0.19	-0.27	-0.95
Capex to revenue	-0.11	-0.1	-0.09	-0.11	-0.13
Capex to depreciation	0	0	0	0	0
Stock based compensation to revenue	0.04	0	0	0.03	0.01
Graham number	44.49	48.37	43.93	32.67	35.91
ROIC	0.04	0.05	0.04	0.02	0.03
Return on tangible assets	0.04	0.04	0.04	0.02	0.02
Graham Net	-29.73	-29.11	-30.86	-29.82	-29.61
Working capital	-2.46B	-1.38B	-1.98B	-1.59B	-1.3B
Tangible asset value	38.49B	39.34B	38.14B	38.18B	38.59B
Net current asset value	-32.31B	-30.89B	-32.19B	-30.91B	-30.47B
Invested capital	0.36	0.32	0.34	0.3	0.31
Average receivables	3.91B	4.86B	4.46B	3.73B	3.48B
Average payables	883.5M	1.06B	1.21B	1.3B	1.28B
Average inventory	1.62B	1.81B	1.88B	1.83B	1.87B
Days sales outstanding	34.92	32.68	28	29.05	32.07
Days payables outstanding	11.79	11.94	14.44	12.89	16.07
Days of inventory on hand	20.75	19.9	20.96	17.45	25.29
Receivables turnover	2.58	2.75	3.21	3.1	2.81
Payables turnover	7.63	7.54	6.23	6.98	5.6
Inventory turnover	4.34	4.52	4.29	5.16	3.56
ROE	0.08	0.09	0.07	0.04	0.05
Capex per share	-1.18	-1.2	-1.01	-1.11	-1.12

CNQ Dividend History

CNQ Frequently Asked Questions

What is Canadian Natural Resources Limited stock symbol ?

Canadian Natural Resources Limited is a CA stock , located in Calgary of Ab and trading under the symbol CNQ

Is Canadian Natural Resources Limited buy or a sell ?

6 stock analysts have 6 predictions with a medium analyst target price of $53.45. The lowest prediction is $44.56186168 and the highest is $63.6598024

What is CNQ stock prediction ?

What is Canadian Natural Resources Limited stock quote today ?

Canadian Natural Resources Limited stock price is $56.21 today.

Is Canadian Natural Resources Limited stock public?

Yes, Canadian Natural Resources Limited is a publicly traded company.

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Company Profile

Volume Average 2.2M
Market Capitalization 61.2B
Employee 10.04K
CEO Mr. Norman Murray Edwards O.C.
Headquarters Calgary,AB,CA
IPO Date 2000-07-31
Website https://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. As of December 31, 2020, the company had total proved crude oil, bitumen, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, and NGLs reserves were 13,271 MMbbl; proved SCO reserves were 6,998 MMbbl; total proved plus probable SCO reserves were 7,535 MMbbl; proved natural gas reserves were 12,168 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 20,249 Bcf. 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.