Canadian Natural Resources Earnings: Debt Target Hit; 100% of Free Cash to Shareholders
Canadian Natural Resources has hit its CAD 13 billion net debt target, with CAD 4.5 billion sitting in cash.
Canadian Natural Resources Ltd CNQ
Bulls Say, Bears Say
Bulls
As shale production matures, investors and international producers are looking at Canadian fields for their depth of inventory and low breakevens.
Bears
Canadian production faces many competitive pressures and barriers.
News
Canadian Natural Resources Quarterly Earnings Surge With Higher Prices
Canadian Natural Resources Boosts Production Target After Strong 2Q Output Helped Boost Earnings
Canadian Oil Sands Producers Reach Deal With Governments for Carbon Capture Project
Canada, Alberta Finalize Carbon-Tax Deal, Sets Stage For New Pipeline Proposal — 3rd Update
Canada, Alberta Finalize Carbon-Tax Deal, Sets Stage For New Pipeline Proposal — 2nd Update
Canada, Alberta Finalize Carbon-Tax Deal, Sets Stage For New Pipeline Proposal
Canadian Natural Resources Quarterly Earnings Fall
Canadian Energy Stocks Slide as Iran Assures Hormuz Commercial Passage
Trading Information
- Previous Close Price
- $49.11
- Day Range
- $49.15–49.77
- 52-Week Range
- $30.13–56.27
- Bid/Ask
- $49.76 / $49.86
- Shares Outstanding
- 2.04B
- Market Cap
- $101.25B
- Volume/Avg
- 4M / 6M
Key Statistics
- Price/Earnings (Normalized)
- 12.27
- Price/Sales
- 2.57
- Dividend Yield (Trailing)
- 3.53%
- Dividend Yield (Forward)
- 3.52%
- Dividend Payment Schedule
- Jan, Apr, Jul, Oct
- Total Yield
- 5.88%
Company Profile
Canadian Natural Resources is the largest producer of oil and the second-largest producer of natural gas in Canada. It is principally involved in extracting heavy oils, natural gas, and bitumen through its drilling and mining operations. Bitumen from mining operations is upgraded into synthetic crude oil. Commodities produced are primarily exported to the US via pipeline. The company also has smaller offshore production operations in the North Sea and Africa.
- Sector
- Energy
- Industry
- Oil & Gas E&P
- Stock Style Box
- Large Value
- Total Number of Employees
- 10,750
- Website
- https://www.cnrl.com
Competitors
Valuation
Metric | CNQ | COP |
|---|---|---|
Price/Earnings (Normalized) | 12.27 | 15.08 |
Price/Book Value | 3.08 | 2.55 |
Price/Sales | 2.57 | 2.56 |
Price/Cash Flow | 7.31 | 7.20 |
Price/Earnings
CNQ
COP
Financial Strength
Metric | CNQ | COP |
|---|---|---|
Quick Ratio | 0.73 | 1.30 |
Current Ratio | 0.99 | 1.52 |
Interest Coverage | 18.99 | 16.68 |
Quick Ratio
CNQ
COP
Profitability
Metric | CNQ | COP |
|---|---|---|
Return on Assets (Normalized) | 13.02% | 9.20% |
Return on Equity (Normalized) | 27.22% | 17.46% |
Return on Invested Capital (Normalized) | 21.02% | 13.44% |
Return on Assets
CNQ
COP
Oil & Gas E&P Industry Comparables
1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| ConocoPhillips COP | LOCK|?Tm<x?< | LOCK|&@<j | $166B | |||
| EOG Resources Inc EOG | LOCK|nfMb>!yK | LOCK|%!^^y | $81B | |||
| Occidental Petroleum Corp OXY | LOCK|byZ | LOCK|##< | $58B | |||
| Devon Energy Corp DVN | LOCK|G!!$Qd! | LOCK|FJt$l | $53B | |||
| Diamondback Energy Inc FANG | LOCK|R^h$&W#s | LOCK|^%@# | $51B | |||
| EQT Corp EQT | LOCK|M#kvpsw< | LOCK|@$% | $33B | |||
| Expand Energy Corp Ordinary Shares - New EXE | LOCK|<QvKhq | LOCK|Q& | $20B | |||
| Ovintiv Inc OVV | LOCK|&LdV%j | LOCK|r! | $18B | |||
| Range Resources Corp RRC | LOCK|hh!Kz& | LOCK|YV@ | $12B |
United States