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How to buy Canadian Natural Resources (CNQ) shares

Learn how to easily invest in Canadian Natural Resources shares.

Canadian Natural Resources is an oil & gas e&p business based in the US. Canadian Natural Resources stocks (CNQ.US) are listed on the NYSE and all prices are listed in US Dollars. Its last market close was $36.85 – a decrease of 2.21% over the previous week. Canadian Natural Resources employs 0 staff and has a trailing 12-month revenue of around $25.9 billion.

How to buy shares in Canadian Natural Resources

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account. Complete an application with your details.
  3. Confirm your payment details. Fund your account.
  4. 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.
  5. 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.
  6. Check in on your investment. Optimize your portfolio by tracking your stock.

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

Information last updated 2022-01-17.
Latest market close$50.79
52-week range$21.20 - $52.17
50-day moving average $42.50
200-day moving average $36.76
Wall St. target price$53.19
PE ratio 13.1827
Dividend yield $1.835 (3.56%)
Earnings per share (TTM) $3.94

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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.

Canadian Natural Resources price performance over time

Historical closes compared with the close of $50.79 from 2022-01-21

1 week (2022-01-14) -2.21%
1 month (2021-12-22) 25.66%
3 months (2021-10-22) 18.86%
6 months (2021-07-23) 55.85%
1 year (2021-01-22) 108.67%
2 years (2020-01-24) 67.79%
3 years (2019-01-24) 94.08%
5 years (2017-01-24) 68.85%

Is Canadian Natural Resources under- or over-valued?

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 13x. In other words, Canadian Natural Resources shares trade at around 13x 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 $11.8 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 $25.9 billion
Operating margin TTM 24.01%
Gross profit TTM $6.1 billion
Return on assets TTM 5.21%
Return on equity TTM 17.37%
Profit margin 22.73%
Book value $30.22
Market capitalisation $61.3 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.

Canadian Natural Resources share dividends

50%

Dividend payout ratio: 49.55% of net profits

Recently Canadian Natural Resources has paid out, on average, around 49.55% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.56% 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 3.56% return on their shares, in the form of dividend payments. In Canadian Natural Resources's case, that would currently equate to about $1.835 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 January 2022. The latest dividend was paid out to all shareholders who bought their shares by 8 December 2021 (the "ex-dividend date").

Have Canadian Natural Resources's shares ever split?

Canadian Natural Resources's shares were split on a 2:1 basis on 31 May 2010. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Canadian Natural Resources shares – just the quantity. However, indirectly, the new 50% 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 $21.2038 up to $52.17. A popular way to gauge a stock's volatility is its "beta".

CNQ.US volatility(beta: 2.26)Avg. volatility(beta: 1.00)LowHigh

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 2.2572. 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 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, SCO, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, SCO, and NGLs reserves were 13,271 MMbbl; proved natural gas reserves were 9,465 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 15,922 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.

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