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How to buy Canadian Natural Resources stock
Learn how to easily invest in Canadian Natural Resources stock.
Canadian Natural Resources Ltd is an oil & gas e&p business based in the US. Canadian Natural Resources shares (CNQ) are listed on the NYSE and all prices are listed in US Dollars. Canadian Natural Resources employs 9,735 staff and has a trailing 12-month revenue of around $39.1 billion.
How to buy shares in Canadian Natural Resources
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – CNQ – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
What's in this guide?
- CNQ shares summary
- Compare share dealing platforms
- Is CNQ stock a buy or sell?
- Stock performance over time
- Is CNQ suitable for ethical investing?
- Are CNQ shares over-valued?
- Canadian Natural Resources's financials
- How volatile are CNQ shares?
- Does Canadian Natural Resources pay a dividend?
- Have CNQ shares ever split?
- Other common questions
Canadian Natural Resources stock price (NYSE: CNQ)Use our graph to track the performance of CNQ stocks over time.
Canadian Natural Resources shares at a glance
|Latest market close||$46.90|
|52-week range||$33.37 - $67.79|
|50-day moving average||$52.96|
|200-day moving average||$54.18|
|Wall St. target price||$73.00|
|Dividend yield||$2.558 (4.37%)|
|Earnings per share (TTM)||$7.27|
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The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.
Is it a good time to buy Canadian Natural Resources stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Canadian Natural Resources price performance over time
|1 week (2022-09-16)||-13.00%|
|1 month (2022-08-25)||-18.84%|
|3 months (2022-06-24)||-7.17%|
|6 months (2022-03-21)||N/A|
|1 year (2021-09-21)||N/A|
|2 years (2020-09-25)||190.40%|
|3 years (2019-09-25)||73.96%|
|5 years (2017-09-25)||34.16%|
Is Canadian Natural Resources stock undervalued or overvalued?
Valuing Canadian Natural Resources stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Canadian Natural Resources's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Canadian Natural Resources's P/E ratio
Canadian Natural Resources's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 6x. In other words, Canadian Natural Resources shares trade at around 6x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Canadian Natural Resources's PEG ratio
Canadian Natural Resources's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 12.75. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Canadian Natural Resources's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Canadian Natural Resources's EBITDA
Canadian Natural Resources's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $20.9 billion.
The EBITDA is a measure of a Canadian Natural Resources's overall financial performance and is widely used to measure a its profitability.
Canadian Natural Resources financials
|Revenue TTM||$39.1 billion|
|Operating margin TTM||39.29%|
|Gross profit TTM||$16.3 billion|
|Return on assets TTM||12.53%|
|Return on equity TTM||30.84%|
|Market capitalisation||$54.4 billion|
TTM: trailing 12 months
Canadian Natural Resources's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Canadian Natural Resources.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Canadian Natural Resources's total ESG risk score
Total ESG risk: 39.03
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Canadian Natural Resources's overall score of 39.03 (as at 12/31/2018) is pretty weak – landing it in it in the 75th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Canadian Natural Resources is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Canadian Natural Resources's environmental score
Environmental score: 19.09/100
Canadian Natural Resources's environmental score of 19.09 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Canadian Natural Resources is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Canadian Natural Resources's social score
Social score: 11.97/100
Canadian Natural Resources's social score of 11.97 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that Canadian Natural Resources is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Canadian Natural Resources's governance score
Governance score: 11.97/100
Canadian Natural Resources's governance score puts it squarely in the 7th percentile of companies rated in the same sector. That could suggest that Canadian Natural Resources is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Canadian Natural Resources's controversy score
Controversy score: 1/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. Canadian Natural Resources scored a 1 out of 5 for controversy – the highest score possible, reflecting that Canadian Natural Resources has managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
|Total ESG score||39.03|
|Total ESG percentile||74.78|
|Environmental score percentile||7|
|Social score percentile||7|
|Governance score percentile||7|
|Level of controversy||1|
Canadian Natural Resources share dividends
Dividend payout ratio: 28.39% of net profits
Recently Canadian Natural Resources has paid out, on average, around 28.39% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.37% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Canadian Natural Resources shareholders could enjoy a 4.37% return on their shares, in the form of dividend payments. In Canadian Natural Resources's case, that would currently equate to about $2.558 per share.
While Canadian Natural Resources's payout ratio might seem fairly standard, it's worth remembering that Canadian Natural Resources may be investing much of the rest of its net profits in future growth.
Canadian Natural Resources's most recent dividend payout was on 4 October 2022. The latest dividend was paid out to all shareholders who bought their shares by 14 September 2022 (the "ex-dividend date").
Have Canadian Natural Resources's shares ever split?
Canadian Natural Resources's shares were split on a 1021:1000 basis on 21 August 2022. So if you had owned 1000 shares the day before before the split, the next day you'd have owned 1021 shares. This wouldn't directly have changed the overall worth of your Canadian Natural Resources shares – just the quantity. However, indirectly, the new 2.1% lower share price could have impacted the market appetite for Canadian Natural Resources shares which in turn could have impacted Canadian Natural Resources's share price.
Canadian Natural Resources share price volatility
Over the last 12 months, Canadian Natural Resources's shares have ranged in value from as little as $33.3684 up to $67.792. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Canadian Natural Resources's is 2.0679. This would suggest that Canadian Natural Resources's shares are significantly more volatile than the average for this exchange and represent a higher risk.
Canadian Natural Resources overview
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.
Canadian Natural Resources in the news
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Frequently asked questionsWhat percentage of Canadian Natural Resources is owned by insiders or institutions?
Currently 2.219% of Canadian Natural Resources shares are held by insiders and 77.071% by institutions. How many people work for Canadian Natural Resources?
Latest data suggests 9,735 work at Canadian Natural Resources. When does the fiscal year end for Canadian Natural Resources?
Canadian Natural Resources's fiscal year ends in December. Where is Canadian Natural Resources based?
Canadian Natural Resources's address is: 2100, 855-2nd Street S.W., Calgary, AB, Canada, T2P 4J8 What is Canadian Natural Resources's ISIN number?
Canadian Natural Resources's international securities identification number is: CA1363851017 What is Canadian Natural Resources's CUSIP number?
Canadian Natural Resources's Committee on Uniform Securities Identification Procedures number is: 136385101
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