Canadian Natural Resources (CNQ) Stock Overview
Engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa. More details
| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
Rewards
Risk Analysis
Community Fair Values
Canadian Natural Resources Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | CA$60.96 |
| 52 Week High | CA$70.99 |
| 52 Week Low | CA$40.62 |
| Beta | 0.91 |
| 1 Month Change | -10.66% |
| 3 Month Change | 14.16% |
| 1 Year Change | 45.77% |
| 3 Year Change | 62.15% |
| 5 Year Change | 203.43% |
| Change since IPO | 39,710.61% |
Recent News & Updates
CNQ: Higher Dividend And Buybacks Will Shape Future Shareholder Returns
Analysts have lifted the fair value estimate for Canadian Natural Resources to CA$69.68 from CA$61.47, citing updated price targets across several firms, along with expectations for slightly positive revenue growth, a higher profit margin, and a modestly lower future P/E multiple. Analyst Commentary Recent Street research on Canadian Natural Resources shows a mix of optimism and caution, with several firms adjusting price targets and a few shifting ratings.CNQ: Higher Capital Program And Cash Returns Will Shape Balanced Future Prospects
Analysts have nudged the fair value estimate for Canadian Natural Resources higher from CA$58.60 to about CA$61.47. This reflects a round of recent price target increases that balance concerns about higher capital spending and near term cash return pressure with continued recognition of the company’s leadership, operating performance and exposure to recent commodity and geopolitical shifts.Recent updates
CNQ: Higher Dividend And Buybacks Will Shape Future Shareholder Returns
Analysts have lifted the fair value estimate for Canadian Natural Resources to CA$69.68 from CA$61.47, citing updated price targets across several firms, along with expectations for slightly positive revenue growth, a higher profit margin, and a modestly lower future P/E multiple. Analyst Commentary Recent Street research on Canadian Natural Resources shows a mix of optimism and caution, with several firms adjusting price targets and a few shifting ratings.CNQ: Higher Capital Program And Cash Returns Will Shape Balanced Future Prospects
Analysts have nudged the fair value estimate for Canadian Natural Resources higher from CA$58.60 to about CA$61.47. This reflects a round of recent price target increases that balance concerns about higher capital spending and near term cash return pressure with continued recognition of the company’s leadership, operating performance and exposure to recent commodity and geopolitical shifts.CNQ: Elevated Capital Spending Will Constrain Cash Returns Despite Rising Street Optimism
Analysts have raised the fair value estimate for Canadian Natural Resources from CA$54.90 to CA$58.60, citing updated price targets across the Street, as well as support from slightly higher margin assumptions and modestly better revenue trends, even as views on future P/E and ratings remain mixed. Analyst Commentary Recent research views on Canadian Natural Resources are mixed, with several bullish analysts lifting price targets while a smaller group has turned more cautious on execution and capital allocation.
Long Life Oil Sands Reserves And Thermal Projects Will Support Stronger Future Performance
Catalysts About Canadian Natural Resources Canadian Natural Resources is a large oil and gas producer with a diverse mix of Oil Sands, thermal, primary heavy oil and natural gas assets. What are the underlying business or industry changes driving this perspective?CNQ: Elevated Capital Program And Peace River Deal Will Pressure Cash Returns
Analysts have lifted their average fair value estimate for Canadian Natural Resources from CA$51.60 to about CA$54.90. This reflects a series of higher Street price targets that highlight confidence in the company’s leadership, shareholder alignment, and operating performance, even as some point to higher capital spending and near term cash return headwinds.
Carbon Policy And Methane Rules Will Pressure Oil Sands Margins Over Time
Catalysts About Canadian Natural Resources Canadian Natural Resources is a large Canadian oil and gas producer with a focus on long life, low decline Oil Sands, thermal in situ and conventional assets. What are the underlying business or industry changes driving this perspective?CNQ: Capital Program And Asset Deal Will Shape Future Cash Returns
Analysts have trimmed their average price target on Canadian Natural Resources by about CA$1. This reflects updated views on fair value, a slightly higher discount rate, softer expected revenue trends, lower projected profit margins, and a higher assumed future P/E multiple in light of planned capital spending and its potential impact on near term cash returns.Returns Are Gaining Momentum At Canadian Natural Resources (TSE:CNQ)
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...CNQ: Dividend Returns And Volume Gains Will Support Resilient Future Performance
Analysts have nudged our price target for Canadian Natural Resources modestly higher to reflect a tighter spread between valuation inputs and rising Street targets in the mid C$50s. This is supported by expectations for resilient oil pricing, stronger crack spreads, and ongoing prioritization of dividend growth and capital returns despite a broadly cautious view on the energy sector.CNQ: Dividend Growth Momentum Will Support Outperformance Amid Sector Bearishness
Canadian Natural Resources saw its fair value estimate rise modestly by approximately C$0.13. Analysts cite improved revenue growth expectations and ongoing sector resilience amid recent price target updates from several firms.CNQ: Dividend Momentum Will Drive Shareholder Returns As Production Grows
Analysts have modestly raised their price target for Canadian Natural Resources, increasing it from $52.68 to $52.83. They cite ongoing strength in dividend growth and resilient energy equities despite softer demand indicators.Dividend Leadership And Capital Return Focus Will Guide Stability Ahead
Canadian Natural Resources' analyst price target was adjusted slightly lower by $0.19, as analysts cite moderating profit margins and revenue expectations. This is offset by continued confidence in the company’s capital return strategy.Acquisitions And Cost Efficiencies Will Secure Future Stability
Canadian Natural Resources saw its analyst price target rise modestly by approximately C$0.73 as analysts highlight improved profit margins and updated commodity price expectations. Analyst Commentary Recent analyst activity on Canadian Natural Resources signals shifting sentiment amid evolving commodity price dynamics and updated financial outlooks.Canadian Natural Resources (TSE:CNQ) Has A Pretty Healthy Balance Sheet
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Chevron Asset Acquisition Fuels Dynamic Growth Strategy And Boosts Profit Potential
The acquisition and infrastructure expansions aim to increase production and transport capacity, potentially boosting revenues, netbacks, and profit margins.Shareholder Returns
| CNQ | CA Oil and Gas | CA Market | |
|---|---|---|---|
| 7D | -6.0% | -0.4% | 2.3% |
| 1Y | 45.8% | 54.9% | 34.5% |
Return vs Industry: CNQ underperformed the Canadian Oil and Gas industry which returned 54.9% over the past year.
Return vs Market: CNQ exceeded the Canadian Market which returned 34.5% over the past year.
Price Volatility
| CNQ volatility | |
|---|---|
| CNQ Average Weekly Movement | 5.0% |
| Oil and Gas Industry Average Movement | 8.6% |
| Market Average Movement | 10.3% |
| 10% most volatile stocks in CA Market | 17.8% |
| 10% least volatile stocks in CA Market | 4.0% |
Stable Share Price: CNQ has not had significant price volatility in the past 3 months compared to the Canadian market.
Volatility Over Time: CNQ's weekly volatility (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1973 | 10,750 | Scott Stauth | www.cnrl.com |
Canadian Natural Resources Limited engages in the acquisition, exploration, development, production, marketing, and sale of crude oil, natural gas, and natural gas liquids (NGLs) in Western Canada, the United Kingdom sector of the North Sea, and Offshore Africa. The company offers synthetic crude oil (SCO), mining bitumen, light and medium crude oil and NGLs, thermal bitumen, primary heavy crude oil and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
Canadian Natural Resources Limited Fundamentals Summary
| CNQ fundamental statistics | |
|---|---|
| Market cap | CA$129.93b |
| Earnings (TTM) | CA$10.82b |
| Revenue (TTM) | CA$38.76b |
Is CNQ overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CNQ income statement (TTM) | |
|---|---|
| Revenue | CA$38.76b |
| Cost of Revenue | CA$19.98b |
| Gross Profit | CA$18.79b |
| Other Expenses | CA$7.97b |
| Earnings | CA$10.82b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
n/a
| Earnings per share (EPS) | 5.18 |
| Gross Margin | 48.46% |
| Net Profit Margin | 27.91% |
| Debt/Equity Ratio | 37.5% |
How did CNQ perform over the long term?
See historical performance and comparisonDividends
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 23:02 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Canadian Natural Resources Limited is covered by 47 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| Patrick O'Rourke | ATB Cormark |
| Brent Watson | ATB Cormark Historical (Cormark Securities) |