| Indicators | Browse All

Canadian Natural Resources Limited (CNQ)

Energy | Oil & Gas E&P | Calgary, Canada | NYSE
48.99 USD -0.78 (-1.567%) ⇩ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 49.00 +0.01 (0.020%) ⇧ (Aug. 28, 2026, 7:43 p.m. EDT)
Short-term:★★★⯪☆Long-term:★★★⯪☆Dividends:★★★⯪☆
Hot Take ↕ | Aug. 22, 2026, 5:32 a.m. EDT

Canadian Natural Resources presents a compelling value case marred by recent technical weakness. Fundamentally, the company is a fortress: it boasts a robust 26.7% return on equity, healthy free cash flow, and a payout ratio of just 43%, indicating significant room to sustain or grow its dividend. The stock trades at a reasonable 12.7x trailing earnings, reflecting the market's caution regarding the sector. However, the price action tells a different story. Despite a nearly 98% gain over the last nine years, the stock has entered a multi-year correction, dropping 13% in the most recent year. This decline has triggered a defensive response from the options market, where investors are aggressively buying puts to hedge against further drops. This disconnect between strong underlying economics and deteriorating price momentum creates a 'value trap' risk in the short term. While the long-term thesis remains intact due to the balance sheet quality and cash generation, the immediate path forward looks choppy and potentially lower as the market digests the recent performance. The dividend offers a solid 3.5% yield, providing a floor, but the equity portion of the return is currently under pressure.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.130807
AutoETS0.134770
AutoARIMA0.134774
AutoTheta0.153569

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 43%
H-stat 18.27
Ljung-Box p 0.000
Jarque-Bera p 0.292
Excess Kurtosis -0.99
Attribute Value
Sector Energy
Ex Dividend Date 2026-09-10
Last Dividend Date 2026-06-22
Debt to Equity Ratio 43.13
Revenue per Share 21.445
Market Cap 100,992,892,928
Trailing P/E 12.07
Forward P/E 12.69
Beta 0.88
Profit Margins 26.31%
Website https://www.cnrl.com

As of Aug. 22, 2026, 5:32 a.m. EDT: Speculators are positioning for a range-bound consolidation with a distinct bias toward downside protection. The expiration chain shows massive open interest in out-of-the-money puts (strikes 40-47.5) relative to calls, creating a heavy 'wall' of downside insurance. While there is some volume in near-term calls around the current price, the overwhelming majority of capital is deployed in put strategies, suggesting traders expect volatility or a test of lower support levels rather than a breakout.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.08% 2.01% 3.84% 4.51%
Dividend History
Date Dividend Yield %
2026-06-23 0.442000 1.077523
2026-03-20 0.455000 0.928193
2025-06-13 0.432000 1.278863
2025-03-21 0.410000 1.351797
2024-12-13 0.390000 1.239276
2024-09-13 0.387000 1.210510
2024-06-17 0.382000 1.133868
2024-03-14 0.390000 1.059351
2023-12-07 0.368000 1.201240
2023-09-14 0.332000 1.026751
2023-06-15 0.338000 1.215827
2023-03-16 0.327000 1.286642
2022-12-15 0.314000 1.154200
2022-09-15 0.285000 1.053604
2022-08-22 0.577500 2.113063
2022-06-16 0.285015 1.045072
2022-03-17 0.289912 0.965428
2021-12-09 0.227228 1.118610
2021-09-16 0.182174 1.075453
2021-06-17 0.187561 1.093347
2021-03-18 0.185602 1.281269
2020-12-08 0.162586 1.353447
2020-09-17 0.158178 1.801447
2020-06-11 0.155240 1.779899
2020-03-19 0.143487 3.785535
2019-12-10 0.138590 0.958675
2019-09-12 0.139079 1.120313
2019-06-13 0.137610 1.053617
2019-03-21 0.138100 0.991213
2018-09-13 0.126347 0.804994
2018-06-14 0.126347 0.804492
2018-03-15 0.126836 0.866508
2017-12-11 0.104799 0.618317
2017-09-14 0.110676 0.685265
2017-06-14 0.101861 0.737066
2017-03-15 0.099902 0.620815
2016-12-07 0.092067 0.565756
2016-09-14 0.085700 0.601579
2016-06-15 0.087659 0.623475
2016-03-16 0.083150 0.623639
2015-12-09 0.081700 0.791570
2015-09-09 0.084117 0.847953
2015-06-10 0.089918 0.615485
2015-03-12 0.087018 0.628056
2014-12-10 0.095236 0.668703
2014-09-10 0.099103 0.501834
2014-06-11 0.099587 0.484593
2014-03-13 0.097653 0.566143
2013-12-11 0.091369 0.580292
2013-09-11 0.058495 0.380143
2013-06-12 0.058979 0.429883
2013-03-14 0.058495 0.371506
2012-12-12 0.050760 0.368678
2012-09-12 0.052211 0.330076
2012-06-13 0.049310 0.386657
2012-03-15 0.051244 0.306715
2011-12-14 0.042542 0.261128
2011-09-14 0.043992 0.262020
2011-06-15 0.044476 0.231740
2011-03-16 0.043992 0.196501
2010-12-15 0.036257 0.177723
2010-09-15 0.035290 0.219150
2010-06-09 0.034324 0.207060
2010-03-10 0.035049 0.197173
2009-12-09 0.024172 0.157384
2009-09-09 0.023688 0.160182
2009-06-10 0.022963 0.162922
2009-03-11 0.019579 0.231231
2008-12-10 0.019337 0.236473
2008-09-10 0.022721 0.127456
2008-06-11 0.023446 0.094137
2008-03-12 0.024655 0.139956
2007-12-12 0.020546 0.124016
2007-09-12 0.019579 0.111371
2007-06-13 0.019337 0.120390
2007-03-14 0.017645 0.141389
2006-12-13 0.015712 0.121727
2006-09-13 0.016195 0.146097
2006-06-14 0.016195 0.141321
2006-03-15 0.015712 0.114299
2005-12-14 0.012569 0.096509
2005-09-14 0.012327 0.109602
2005-06-15 0.011602 0.138125
2005-03-16 0.013657 0.194828
2004-12-15 0.009910 0.199506
2004-09-15 0.008823 0.209478
2004-06-16 0.012086 0.353363
2004-03-10 0.012086 0.366307
2003-12-10 0.009064 0.326785
2003-09-10 0.009064 0.373028
2003-06-11 0.009064 0.356705
2003-03-12 0.009064 0.429783
2002-12-11 0.007554 0.440163
2002-09-11 0.007554 0.386418
2002-06-12 0.007554 0.396468
2002-03-13 0.007554 0.411883
2001-12-12 0.006043 0.410685
2001-09-19 0.003867 0.234062
2001-09-17 0.003867 0.215101
2001-06-13 0.006043 0.307225
2001-03-15 0.006043 0.333339
Additional Data
dividendRate 1.78
dividendYield 3.57
exDividendDate 2026-09-11
trailingAnnualDividendRate 2.425
trailingAnnualDividendYield 0.04872413
lastDividendValue 0.442
lastDividendDate 2026-06-23
dividendDate 2026-10-02

Info Dump

Attribute Value
52 Week Change 0.5553125
Address1 2,100, 855 - 2nd Street S.W.
All Time High 51.48
All Time Low 1.377779
Ask 48.96
Ask Size 1,400
Audit Risk 4
Average Analyst Rating 2.3 - Buy
Average Daily Volume10 Day 5,367,310
Average Daily Volume3 Month 7,912,332
Average Volume 7,912,332
Average Volume10Days 5,367,310
Beta 0.878
Bid 48.87
Bid Size 900
Board Risk 9
Book Value 16.300383
City Calgary
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 3
Country Canada
Crypto Tradeable 0
Currency USD
Current Price 48.99
Current Ratio 1.001
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 50.045
Day Low 48.61
Debt To Equity 43.13
Display Name Canadian Natural Resources
Dividend Date 1,790,899,200
Dividend Rate 1.78
Dividend Yield 3.57
Earnings Call Timestamp End 1,786,028,400
Earnings Call Timestamp Start 1,786,028,400
Earnings Growth 0.838
Earnings Quarterly Growth 0.831
Earnings Timestamp 1,786,019,400
Earnings Timestamp End 1,793,881,800
Earnings Timestamp Start 1,793,881,800
Ebitda 19,132,000,256
Ebitda Margins 0.42824
Enterprise To Ebitda 6.197
Enterprise To Revenue 2.654
Enterprise Value 118,557,884,416
Eps Current Year 5.93426
Eps Forward 3.8614836
Eps Trailing Twelve Months 4.06
Esg Populated 0
Ex Dividend Date 1,789,084,800
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 403 517 7350
Fifty Day Average 44.773
Fifty Day Average Change 4.217003
Fifty Day Average Change Percent 0.0941863
Fifty Two Week Change Percent 55.53125
Fifty Two Week High 51.48
Fifty Two Week High Change -2.4899979
Fifty Two Week High Change Percent -0.048368257
Fifty Two Week Low 29.68
Fifty Two Week Low Change 19.310001
Fifty Two Week Low Change Percent 0.6506065
Fifty Two Week Range 29.68 - 51.48
Financial Currency CAD
First Trade Date Milliseconds 965,050,200,000
Five Year Avg Dividend Yield 4.19
Float Shares 2,014,951,330
Forward Eps 3.8614836
Forward P E 12.686834
Free Cashflow 7,420,125,184
Full Exchange Name NYSE
Full Time Employees 10,750
Fullday Change -0.779999
Fullday Change Percent -1.56721
Fullday Price 49.0
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.51576
Gross Profits 23,042,000,896
Has Pre Post Market Data 1
Held Percent Insiders 0.0216
Held Percent Institutions 0.78227997
Implied Shares Outstanding 2,061,500,000
Industry Oil & Gas E&P
Industry Disp Oil & Gas E&P
Industry Key oil-gas-e-p
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,782,172,800
Last Dividend Value 0.442
Last Fiscal Year End 1,767,139,200
Last Split Date 1,718,064,000
Last Split Factor 2:1
Long Business Summary 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. 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.
Long Name Canadian Natural Resources Limited
Market us_market
Market Cap 100,992,892,928
Market State CLOSED
Max Age 86,400
Message Board Id finmb_527692
Most Recent Quarter 1,782,777,600
Net Income To Common 11,754,000,384
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 102,552,358,831
Number Of Analyst Opinions 4
Open 49.76
Operating Cashflow 17,813,000,192
Operating Margins 0.43091
Overall Risk 6
Payout Ratio 0.43150002
Peg Ratio 3.42
Phone 403 517 6700
Post Market Change 0.0099983215
Post Market Change Percent 0.020408902
Post Market Price 49.0
Post Market Time 1,787,960,634
Previous Close 49.77
Price Eps Current Year 8.255453
Price Hint 2
Price To Book 3.005451
Price To Sales Trailing12 Months 2.2605624
Profit Margins 0.26309
Quick Ratio 0.698
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.26087
Region US
Regular Market Change -0.779999
Regular Market Change Percent -1.56721
Regular Market Day High 50.045
Regular Market Day Low 48.61
Regular Market Day Range 48.61 - 50.045
Regular Market Open 49.76
Regular Market Previous Close 49.77
Regular Market Price 48.99
Regular Market Time 1,787,947,203
Regular Market Volume 6,923,794
Return On Assets 0.0791
Return On Equity 0.26685
Revenue Growth 0.695
Revenue Per Share 21.445
Sand P52 Week Change 0.20504117
Sector Energy
Sector Disp Energy
Sector Key energy
Share Holder Rights Risk 6
Shares Outstanding 2,061,500,000
Shares Percent Shares Out 0.027999999
Shares Short 48,494,402
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 47,565,794
Short Name Canadian Natural Resources Limi
Short Ratio 8.29
Source Interval 15
State AB
Symbol CNQ
Target High Price 57.469963
Target Low Price 44.416946
Target Mean Price 49.027767
Target Median Price 47.11208
Total Cash 2,617,999,872
Total Cash Per Share 1.27
Total Debt 20,182,999,040
Total Revenue 44,676,001,792
Tradeable 0
Trailing Annual Dividend Rate 2.425
Trailing Annual Dividend Yield 0.04872413
Trailing Eps 4.06
Trailing P E 12.066503
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 41.9835
Two Hundred Day Average Change 7.0065002
Two Hundred Day Average Change Percent 0.16688699
Type Disp Equity
Volume 6,923,794
Website https://www.cnrl.com
Zip T2P 4J8