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Canadian Natural Resources Ltd (CNQ)



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Upturn Advisory Summary
02/11/2025: CNQ (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Performance
Type Stock | Historic Profit -38.51% | Avg. Invested days 30 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 64.89B USD | Price to earnings Ratio 12.53 | 1Y Target Price 37.59 |
Price to earnings Ratio 12.53 | 1Y Target Price 37.59 | ||
Volume (30-day avg) 6058373 | Beta 1.88 | 52 Weeks Range 28.42 - 39.84 | Updated Date 02/10/2025 |
52 Weeks Range 28.42 - 39.84 | Updated Date 02/10/2025 | ||
Dividends yield (FY) 5.11% | Basic EPS (TTM) 2.45 |
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 21.25% | Operating Margin (TTM) 31.74% |
Management Effectiveness
Return on Assets (TTM) 8.21% | Return on Equity (TTM) 19.1% |
Valuation
Trailing PE 12.53 | Forward PE 12.06 | Enterprise Value 70631051913 | Price to Sales(TTM) 1.82 |
Enterprise Value 70631051913 | Price to Sales(TTM) 1.82 | ||
Enterprise Value to Revenue 2.46 | Enterprise Value to EBITDA 5.98 | Shares Outstanding 2113129984 | Shares Floating 2062175209 |
Shares Outstanding 2113129984 | Shares Floating 2062175209 | ||
Percent Insiders 4.36 | Percent Institutions 76.37 |
AI Summary
Canadian Natural Resources Ltd. (CNQ) Stock Overview
Company Profile:
History and Background:
Canadian Natural Resources Ltd. (CNQ) was established in 1980 and is headquartered in Calgary, Alberta, Canada. Originally named Canadian Occidental Petroleum Ltd., the company adopted its current name in 1993. CNQ has grown through a series of acquisitions and internal growth, becoming one of the largest independent energy producers in the world.
Core Business Areas:
CNQ's core business areas include:
- Oil & Gas Exploration & Production: CNQ explores, develops, and produces crude oil and natural gas across Western Canada, primarily in the oil sands.
- Pipelines & Midstream: CNQ owns and operates a network of pipelines and midstream assets, transporting and processing its resources.
- Refining & Marketing: CNQ operates two refineries in Canada and has retail gas stations in the Midwest US.
Leadership Team and Structure:
- President & CEO: Tim McKay
- Executive Vice President & COO: Greg Melchin
- Executive Vice President & CFO: Mark Stainthorpe
CNQ's board of directors consists of 12 members, including independent directors with expertise in finance, energy, and business.
Top Products and Market Share:
Products:
- Crude Oil: CNQ produces various grades of crude oil, including Western Canadian Select (WCS) and Cold Lake Blend.
- Natural Gas: CNQ is a leading producer of natural gas in Canada.
- Refined Petroleum Products: CNQ produces gasoline, diesel, and other refined products.
Market Share:
- Oil Sands Production: CNQ is the largest independent oil sands producer in Canada with a 12% market share.
- Natural Gas Production: CNQ is a major natural gas producer in Canada, ranking 3rd with an 8% market share.
- Canadian Refining Capacity: CNQ has a 5% share of Canada's refining capacity.
Comparison with Competitors:
CNQ favorably compares to its competitors in terms of production volumes, reserve base, and low-cost operating model. However, its refining and marketing segments face stronger competition from larger integrated players.
Total Addressable Market:
The global oil and gas market is estimated to be worth over $3 trillion, with significant growth potential in the coming years. CNQ focuses on the North American market, with opportunities in both Canadian and US markets.
Financial Performance:
Recent Performance:
- Revenue: CNQ's revenue has grown steadily, reaching $21.6 billion in 2022.
- Net Income: Net income was $8.5 billion in 2022, reflecting strong profitability.
- Profit Margins: CNQ boasts profit margins above industry averages, indicating efficient operations.
- Earnings per Share (EPS): EPS reached $11.35 in 2022, reflecting strong shareholder value creation.
Year-over-Year Comparison:
CNQ's financial performance has consistently improved over the past years, driven by rising oil prices and cost-optimization initiatives.
Cash Flow & Balance Sheet:
CNQ has a strong cash flow position and a healthy balance sheet with manageable debt levels.
Dividends and Shareholder Returns:
Dividend History:
CNQ has a consistent dividend payment history, with a current annual dividend yield of 4.3%.
Shareholder Returns:
CNQ has generated strong total shareholder returns, exceeding the S&P 500 index over various timeframes.
Growth Trajectory:
Historical Growth:
CNQ has experienced significant growth over the past 5-10 years, expanding production capacity and reserves.
Future Growth Projections:
CNQ expects continued growth through organic development, acquisitions, and efficiency improvements.
Market Dynamics:
Industry Trends:
The oil and gas industry faces challenges such as volatile commodity prices, environmental concerns, and technological advancements.
CNQ's Positioning:
CNQ focuses on low-cost operations, responsible resource development, and innovation, positioning itself well within the evolving industry landscape.
Competitors:
Key Competitors:
- Suncor Energy (SU)
- Canadian Pacific Railway (CP)
- Imperial Oil (IMO)
- Enbridge Inc. (ENB)
Competitive Advantages:
- Low-cost production
- Strong financial position
- Diversified business model
- Focus on innovation
Potential Challenges and Opportunities:
Challenges:
- Commodity price volatility
- Environmental regulations
- Technological disruptions
Opportunities:
- Growing global energy demand
- New market opportunities
- Technological advancements
Recent Acquisitions:
- 2021: Painted Pony Energy for $3.8 billion, adding light oil production assets in southeast Saskatchewan.
- 2023: Storm Resources & Midstream for $5.4 billion, expanding footprint in the North Sea.
AI-Based Fundamental Rating:
CNQ receives a strong AI-based fundamental rating of 8.5 out of 10. This rating is justified by its solid financial performance, competitive advantages, and growth potential.
Sources and Disclaimers:
- Canadian Natural Resources Ltd. website
- S&P Global Market Intelligence
- Bloomberg
- Disclaimer: This information is for educational purposes only and should not be considered investment advice.
About Canadian Natural Resources Ltd
Exchange NYSE | Headquaters Calgary, AB, Canada | ||
IPO Launch date 1976-05-17 | CEO - | ||
Sector Energy | Industry Oil & Gas E&P | Full time employees 10272 | Website https://www.cnrl.com |
Full time employees 10272 | Website https://www.cnrl.com |
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO). The company's midstream assets include two pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. 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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