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Canadian Natural Resources CNQ

US equityMarket cap rank #160Oil & Gas E&P
$48.20
+$0.56 (+1.18%)
Market open · Sep 24, 1:10 pm ET
After hours $48.00 +0.76%
Open$48.07
Prev close$47.64
Day range$47.94 – $48.63
Volume2.95M
Market cap$99.36B
P/E (TTM)12.1
Dividend yield3.54%

Price chart

Daily bars for up to one year, weekly bars for the 5-year view. Averages are 50/200 trading days (10/40 weeks on the 5-year view).

CNQ at a glance

Canadian Natural Resources (CNQ) is trading at $48.20, up 1.18% on the day. Its market value of $99.36B makes it the 160th largest of the 300 companies we follow.

Over the past 52 weeks it has traded between $28.46 and $51.83, so it sits 7.0% below the top of that range. Holders are ahead 53.3% over twelve months, and up 23.5% across the last three months.

On the chart it holds above both the 50-day ($47.81) and 200-day ($42.69) moving averages; RSI is 46, and the last 30 sessions moved at roughly 26% annualized volatility.

For the quarter ended Jun 2026 it reported C$17.21B in revenue, up 77.9% from a year earlier, with C$4.50B of net profit (a 22.9% margin).

Buyers are paying 12.1 times trailing earnings, about in line with its own five-year average of 11.9. The median for its industry group is 15.6.

9 analysts follow the stock and the average call is "buy". The mean target, $52.66, sits 9.3% over where the stock trades.

This summary is put together from the numbers on the page and updates when they do. It describes the data; it is not a forecast or a recommendation.

Canadian Natural Resources: the business

Canadian Natural Resources produces oil sands crude, conventional oil and natural gas in Western Canada and the North Sea.

What tends to move it. Oil prices, differentials against U.S. benchmarks and its low-decline reserves shape earnings. It is known for cost control and dividends.

Written by hand by the BeStock desk and revised when a business changes. See how we work. Spot something out of date? Tell us.

Performance

Price return over each window, from adjusted daily and weekly closes

1 day
+1.2%
1 week
-3.7%
1 month
-4.0%
3 months
+23.5%
6 months
+0.3%
Year to date
+46.6%
1 year
+53.3%
Day range
$47.94$48.63
52-week range
$28.46$51.83

Technical signals

Full technicals →
Trend readLeaning bearish

3 bullish · 4 bearish of 7 signals

IndicatorValueSignal
Price vs 20-day average-3.4%Bearish
Price vs 50-day average+0.8%Bullish
Price vs 200-day average+12.9%Bullish
50-day vs 200-day50d above 200dBullish
RSI (14)46.0Bearish
MACD (12,26,9)0.24Bearish
Bollinger band position10%Bearish

Standard indicator readings worked out from daily closes. They describe how the price has behaved, not where it is going.

Key statistics

Bid / Ask$48.19 / $48.20
Average price today$48.30
Volume2.95MAvg (90d) 7.63M
Turnover$142.26M
Turnover rate0.15%of shares outstanding
Volume ratio0.98vs. recent average pace
Day amplitude1.45%
Market cap$99.36B
Float market cap$97.12B
Shares outstanding2.01B
EPS (TTM)$3.66
P/E (TTM)12.10
P/B2.99
Book value / share$16.10
Earnings yield0.25%
Dividend (TTM)$1.71 / shareYield 3.54%
Net profit (TTM)$7.54B
Net assets$33.18B
30-day volatility26.4%annualized
Avg daily range (ATR)2.68%of price, 14 days
Max drawdown (1y)-21.5%-6.5% from 1y peak

Quote as of Sep 24, 2026 1:10 pm ET. Prices can lag the live tape. This is background information, not a recommendation.

How CNQ ranks on BeStock

Market value#160 of 300
P/E (cheapest = 1)#25 of 283
Dividend yield#44 of 244
Closeness to 52-week high#60 of 300
Dollar volume today#209 of 300

Ranks are among the 300 or so U.S.-listed stocks BeStock covers, recalculated whenever prices refresh. A row is left out when the measure does not apply, such as yield for a stock that pays no dividend.

Latest reported quarter: Q2, ended Jun 2026 · reported in CAD

RevenueC$17.21B+77.9% YoY
Operating profitC$6.35B+208.3% YoY
Net profitC$4.50B+83.1% YoY
Diluted EPSC$2.15+83.8% YoY
Free cash flowC$4.42B+268.5% YoY
Operating cash flowC$6.82B

Revenue, last 8 quarters

C$10.4BSep '24C$11.1BDec '24C$12.7BMar '25C$9.7BJun '25C$11.1BSep '25C$10.7BDec '25C$12.4BMar '26C$17.2BJun '26

Net profit, last 8 quarters

C$2.3BSep '24C$1.1BDec '24C$2.5BMar '25C$2.5BJun '25C$600.0MSep '25C$5.3BDec '25C$1.3BMar '26C$4.5BJun '26

Profitability & balance sheet

Gross margin26.3%
Operating margin23.2%
Net margin22.9%
Return on equity26.7%
Return on assets12.9%
Return on invested capital20.6%
Current ratio1.00
Liabilities / assets51.5%
Cash & investmentsC$2.62B
Total debtC$17.14B
Net cash (debt)-C$14.53B
Free cash flow / sales18.8%

Where the revenue comes from

Quarter 2026/Q2

By business line

  • Oil Sands Mining and UpgradingC$8.33B 48.4%
  • Exploration and ProductionC$8.12B 47.2%
  • Inter-segment elimination and otherC$392.00M 2.3%
  • Midstream and RefiningC$369.00M 2.1%
Average move on report day±2.1%last 16 reports
Closed higher9 of 1656% of the time
Best reaction+5.2%
Worst reaction-2.9%

Stock move on the day after each report

-0.5%2024/Q3+1.9%2024/Q4+4.4%2025/Q1-2.9%2025/Q2-1.2%2025/Q3+2.6%2025/Q4-2.0%2026/Q1+1.6%2026/Q2

"Implied move" is the size of move the options market was pricing ahead of the report. Move is the stock’s change on the first session after the release.

Valuation

Multiples measured against the stock's own five-year history

Valuation detail →
Price / earnings12.6x
CheapRich

Around its usual level · 52nd percentile, 5-year average 11.9x

#848 of 2974 stocks by PE (1 = cheapest)

Price / book3.1x
CheapRich

Near the top of its 5-year range · 96th percentile, 5-year average 644.9x

#3660 of 5302 stocks by PB (1 = cheapest)

Price / sales2.8x
CheapRich

Near the top of its 5-year range · 91st percentile, 5-year average 2.3x

#2938 of 5139 stocks by PS (1 = cheapest)

P/E over five years

6x10x15x19xSep '21Mar '24Sep '26

Dashed line is the 5-year average; the shaded band is one standard deviation either side.

Morningstar fair value estimate

Fair value$44.00
Price vs. fair value+9.5%Trading above the estimate
Star rating★★★☆☆
Economic moatNarrow
UncertaintyHigh

Analyst view

All ratings →
ConsensusBuy
Analysts9
Average target$52.66+9.3% vs. price
  • Buy 44%
  • Hold 56%
Low $46.45Now $48.20Avg $52.66High $58.00

Latest rating actions

  • 27 Aug 2026CIBCBUY · PT $53.60
  • 19 Aug 2026Morgan StanleyHOLD · PT $51.45
  • 19 Aug 2026Goldman SachsBUY · PT $58.00
  • 17 Aug 2026JefferiesHOLD · PT $50.02
  • 12 Aug 2026J.P. MorganHOLD · PT $53.60

Ownership & positioning

Who holds it, who is betting against it, and where the big money is moving

Ownership detail →
Institutional ownership81.5%+0.30 pts vs. prior quarter
Institutions holding938-3 vs. prior quarter
Insider trades (recent)0 buys / 0 sellsBalanced
Short interest5.49% of floatDays to cover 20.5 · as of 31 Aug 2026
Short-sale volume share19.1%5-day average of daily volume

Short-sale volume as % of daily volume

5%23%42%61%Aug '26Sep '26Sep '26

Large-order net flow, last 20 sessions

Net of large-order buying minus selling, in USD. Over this window: −$10.67M (8 inflow days, 12 outflow days).

Dividends

Dividend yield (TTM)3.54%
Last dividend$0.47Ex-date 11 Sep 2026
Next-to-last$0.44
Payments on file40

Dividends paid per share, by year

1.0320181.1120191.3220201.5720213.5220222.7320231.9420241.692025

Across the full calendar years shown, the annual payout grew by roughly 7.3% a year.

Latest headlines

More news →
  • Wells Fargo Maintains Canadian Natural Resources(CNQ.US) With Hold Rating, Raises Target Price to $46.58Market news · 8 Aug 2026
  • Scotiabank Maintains Canadian Natural Resources(CNQ.US) With Hold Rating, Raises Target Price to $52.31Market news · 8 Aug 2026
  • TD Cowen Maintains Canadian Natural Resources(CNQ.US) With Buy Rating, Raises Target Price to $52.31Market news · 8 Aug 2026
  • Scotiabank Downgrades Canadian Natural Resources(CNQ.US) to Hold Rating, Raises Target Price to $52.09Market news · 7 Aug 2026
  • CIBC Maintains Canadian Natural Resources(CNQ.US) With Buy Rating, Raises Target Price to $54.13Market news · 28 Aug 2026
  • Goldman Sachs Maintains Canadian Natural Resources(CNQ.US) With Buy Rating, Raises Target Price to $58Market news · 20 Aug 2026

CNQ stock: common questions

How is Canadian Natural Resources stock doing today?

$48.20 is the latest print for CNQ, a move of +1.18% against yesterday's close of $47.64. Today's low and high so far: $47.94 and $48.63.

How large is Canadian Natural Resources by market value?

Equity value comes to $99.36B at the current price. By that measure it is number 160 of the 300 names in our coverage.

Is CNQ expensive on earnings?

Buyers pay 12.1 times the last twelve months of profit (EPS $3.66). Averaged over five years the multiple has been 11.9, and today's level ranks in the 52nd percentile of its own history.

Where does CNQ sit in its 52-week range?

The year's floor is $28.46 and the ceiling $51.83. Shares are 7.0% away from that ceiling.

Does CNQ send cash back through a dividend?

It does. Payouts over the past twelve months work out to a 3.54% yield; the latest ex-dividend date was September 11, 2026.

What is the analyst view on Canadian Natural Resources?

Of 9 analysts, 44% say buy, 56% hold and 0% sell. Price targets average $52.66, with the most cautious at $46.45 and the most optimistic at $58.00.

What does Canadian Natural Resources do?

Canadian Natural Resources produces oil sands crude, conventional oil and natural gas in Western Canada and the North Sea.

BeStock publishes market data and analysis for information only. Nothing here is investment advice or a solicitation to buy or sell any security. Quotes may be delayed and figures can contain errors; check primary sources before you trade. How we source and calculate these pages.

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