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Canadian Natural Resources Limited is an oil & gas e&p business based in Canada. Canadian Natural Resources shares (CNQ) are listed on the TO and all prices are listed in Canadian Dollars.
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Since the stock market crash in March caused by coronavirus, Canadian Natural Resources's stock price has had significant positive movement.
Its last market close was C$52.77, which is 24.56% up on its pre-crash value of C$39.81 and 438.47% up on the lowest point reached during the March crash when the stocks fell as low as C$9.8.
If you had bought C$1,000 worth of Canadian Natural Resources stocks at the start of February 2020, those stocks would have been worth C$325.43 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth C$1,411.07.
| Latest market close | C$52.77 |
|---|---|
| 52-week range | C$19.39 - C$52.83 |
| 50-day moving average | C$45.23 |
| 200-day moving average | C$42.34 |
| Wall St. target price | C$57.20 |
| PE ratio | 15.2192 |
| Dividend yield | C$1.79 (3.48%) |
| Earnings per share (TTM) | C$3.45 |
Note: The dollar amounts in the table below are in Canadian dollars.
Historical closes compared with the close of C$52.77 from 2021-10-20
| 1 week (2021-10-15) | 0.65% |
|---|---|
| 1 month (2021-09-22) | 22.01% |
| 3 months (2021-07-22) | 28.39% |
| 6 months (2021-04-22) | 43.59% |
| 1 year (2020-10-22) | 134.12% |
|---|---|
| 2 years (2019-10-22) | 56.82% |
| 3 years (2018-10-22) | 40.87% |
| 5 years (2016-10-21) | 19.50% |
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 current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 15x. In other words, Canadian Natural Resources shares trade at around 15x recent earnings.
Canadian Natural Resources's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 0.33. 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 (earnings before interest, taxes, depreciation and amortisation) is C$9.5 billion.
The EBITDA is a measure of a Canadian Natural Resources's overall financial performance and is widely used to measure a its profitability.
| Revenue TTM | C$22.7 billion |
|---|---|
| Operating margin TTM | 16.61% |
| Gross profit TTM | C$6.1 billion |
| Return on assets TTM | 3.14% |
| Return on equity TTM | 12.28% |
| Profit margin | 18.03% |
| Book value | C$28.85 |
| Market capitalisation | C$61.9 billion |
TTM: trailing 12 months
There are currently 12.2 million Canadian Natural Resources shares held short by investors – that's known as Canadian Natural Resources's "short interest". This figure is 11.8% up from 11.0 million last month.
There are a few different ways that this level of interest in shorting Canadian Natural Resources shares can be evaluated.
Canadian Natural Resources's "short interest ratio" (SIR) is the quantity of Canadian Natural Resources shares currently shorted divided by the average quantity of Canadian Natural Resources shares traded daily (recently around 9.3 million). Canadian Natural Resources's SIR currently stands at 1.31. In other words for every 100,000 Canadian Natural Resources shares traded daily on the market, roughly 1310 shares are currently held short.
However Canadian Natural Resources's short interest can also be evaluated against the total number of Canadian Natural Resources shares, or, against the total number of tradable Canadian Natural Resources shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Canadian Natural Resources's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Canadian Natural Resources shares in existence, roughly 10 shares are currently held short) or 0.0106% of the tradable shares (for every 100,000 tradable Canadian Natural Resources shares, roughly 11 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Canadian Natural Resources.
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.
Total ESG risk: 37.03
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Canadian Natural Resources's overall score of 37.03 (as at 01/01/2019) is pretty weak – landing it in it in the 73rd 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.).
Environmental score: 17.09/100
Canadian Natural Resources's environmental score of 17.09 puts it squarely in the 5th 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.
Social score: 9.97/100
Canadian Natural Resources's social score of 9.97 puts it squarely in the 5th 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.
Governance score: 9.97/100
Canadian Natural Resources's governance score puts it squarely in the 5th 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.
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.
Dividend payout ratio: 72.53% of net profits
Recently Canadian Natural Resources has paid out, on average, around 72.53% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 3.59% 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 3.59% return on their shares, in the form of dividend payments. In Canadian Natural Resources's case, that would currently equate to about C$1.79 per share.
Canadian Natural Resources's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Canadian Natural Resources's most recent dividend payout was on 5 October 2021. The latest dividend was paid out to all shareholders who bought their shares by 16 September 2021 (the "ex-dividend date").
Canadian Natural Resources's shares were split on a 2:1 basis on 19 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.
Over the last 12 months, Canadian Natural Resources's shares have ranged in value from as little as C$19.3864 up to C$52.83. 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 (TO average) beta is 1, while Canadian Natural Resources's is 2.2556. 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 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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