Try our mobile app

General information

Country: CANADA

Sector: Oil and Gas E and P

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, 2019, the company had gross proved crude oil, bitumen, SCO, and NGLs reserves totaled 9,917 million barrels; gross proved plus probable crude oil, bitumen, SCO, and NGLs reserves totaled 12,651 million barrels; proved natural gas reserves totaled 6,460 billion cubic feet; and gross proved plus probable natural gas reserves totaled 9,607 billion cubic feet. 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.
  • Current market environment: positive. Prices of production are 3.7% higher compared to the last 12 months (LTM)
  • Prices of production are at 64.0% percentile over the past 5 years, adjusted for inflation
  • Dividend yield for the last twelve months 3.7%
  • Free cash flow yield 2.5% (LTM), projected 3.3%
  • Share price is 160.6% higher than minimum and 7.0% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (5.9x vs
    )
  • The company is undervalued by EV / projected EBITDA multiple compared to target level (
    vs
    )

Key Financials (Download financials)

Ticker: CNQ  postmarket  79.05  (+3.3%)
Share price, USD:  (-0.4%)76.55
year average price 64.16  


year start price 60.42 2023-04-24

min close price 53.30 2023-06-23

max close price 82.32 2024-04-10

current price 76.55 2024-04-20
Common stocks: 1 100 463 000

Dividend Yield:  3.7%
FCF Yield LTM / expected: 2.5% / 3.3%
EV / LTM EBITDA: 5.9x
EV / EBITDA annualized: 5.2x
Production prices change from LTM: 3.7%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 84 240
Net Debt ($m): 6 903
EV (Enterprise Value): 91 143
EBITDA LTM ($m): 15 435
EV / LTM EBITDA: 5.9x
Price to Book: 2.9x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / LTM EBITDA and 75% percentile

Potential dynamics

News


2024-04-06Seeking Alpha

Canadian Natural Resources: Expect Huge Shareholder Returns

2024-04-01CNBC Television

Constructive on Canadian oil complex as oil demand peak hits next decade, says Goldman's Mehta

2024-03-04Seeking Alpha

Canadian Natural Resources: A Cash Cow That Milks Dividends

2024-03-04Zacks Investment Research

Canadian (CNQ) Q4 Earnings Rise Y/Y, Sales Beat Estimates

2024-02-29Seeking Alpha

Canadian Natural Resources Limited (CNQ) Q4 2023 Earnings Call Transcript

2024-02-29Zacks Investment Research

Canadian Natural Resources (CNQ) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

2024-02-29Zacks Investment Research

Canadian Natural Resources (CNQ) Q4 Earnings and Revenues Surpass Estimates

2024-02-22Zacks Investment Research

Canadian Natural Resources (CNQ) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

2024-02-12Seeking Alpha

Canadian Natural Resources: Hedging Geopolitical Risks With This Quality Oil Producer

2024-02-07Seeking Alpha

Canadian Natural: Solid Performance, But Valuation Remains A Headwind
More information for subscribed users:
detailed calculation of Potential,
commodities and currency affecting the company