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Investor Insights

This summary was created by AI, based on 70 opinions in the last 12 months.

Canadian Natural Resources Limited (CNQ) is widely regarded as one of the best-managed energy companies in Canada. It has a strong track record of capital allocation and dividend growth. The company has a healthy balance sheet with long-life assets, which provides stability even during oil price declines. Overall, experts are bullish on the stock, citing its steady performance, high dividend growth, and disciplined capital allocation.

Consensus
Bullish
Valuation
Fair Value
Similar
Suncor Energy, SU.TO
BUY

Very string company. Excellent earnings in 2023. Very strong management team. Debt levels falling - have pledged 75-100% return of cash flow to investors. Strong oil prices very good for business. Expecting higher dividends going forward. Oil sands asset very long life that doesn't require exploration costs. Overall a very great business. 

oil / gas
WAIT

Very good operations. High quality. Well managed. Results can sometimes be volatile due to cyclicality. Impressive free cashflow. Price of energy should remain high due to China reopening plus geopolitical events. Paying down debt. Dividend and buybacks. Fundamentals are strong, but at all-time high. Try SU instead. Impressive yield around 4.5%.

oil / gas
TOP PICK

Broke out from the old lid, consolidating. Not zooming for the moon, but the pattern is that it's not breaking down. If oil moves as he thinks it will between now and May/June, this will probably be one of the leaders, as it's been one of the leaders in a rather crummy market for oil stocks. Yield is 4.52%.

(Analysts’ price target is $95.87)
oil / gas
BUY

They grow by buying companies, but not doing that now. It's a steady producer. They've raised their dividend 23 years in a row, and have a reserve life index of 32 years, so they can take their time. They will mee their debt target and return capital to shareholders. CNQ holds up well even if the oil price declines.

oil / gas
PAST TOP PICK
(A Top Pick Jan 13/23, Up 11%)

Excellent management team with very strong track record of capital allocation. Long dates assets give investors lots of opportunities. Energy demand will continue with rise in demand for oil and gas. Currently no alternative to oil and gas - will result in high profits. 

oil / gas
HOLD
Explain the drop?

Not always a 1:1 tracking with the commodity price. Sometimes investor appetite for a name. Great name. Pricey compared to peers. He'd favour TOU or SU for its valuation. Oil will have its day, and CNQ will be fine. Don't worry.

oil / gas
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research

The recent pullback has been largely due to the pressure in energy prices. The company itself has not had any materially negative news. Energy prices can be volatile, but we think fundamentally CNQ is still a great operator with disciplined capital allocation. CNQ is trading at 10.3x Forward P/E, and generating healthy cash flow, which is being paid out as special dividends and buybacks. We would be okay adding some here.
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oil / gas
HOLD

Very well run company with excellent assets. Attractively priced at 10x cash flow per share. 

oil / gas
STRONG BUY

A remarkable success story in global oil & gas. The best-run in this business. That's why the stock has done well. Will continue to grow, though at a slower rate than the past 40 years. Are also a major natural gas producer. They buy companies at barn-sale prices with their healthy balance sheet.

oil / gas
TOP PICK

It made a new high a year ago and then consolidated last year. It generates huge amounts of cash, pays down debt, and has very long life assets. It pays a great dividend with 20% dividend growth and 20% earnings growth.     Buy 18  Hold 8  Sell 0

(Analysts’ price target is $95.92)
oil / gas
DON'T BUY

Has been fairly flat. He owns and prefers SU in the senior sector. He also likes the mid-caps a bit better.

oil / gas
BUY

He's bullish energy stocks and is overweight them. If you're long-term, you can buy CNQ anytime. It's one of the best-managed oil patch companies..

oil / gas
BUY

Owns shares in company. Return of capital structure has been excellent for shareholders. Among lowest cost producer in Canada. Very strong management team that is owner/operated. Good for long term investors. Expecting dividend yield to rise. 

oil / gas
premium

This is a Panic-proof Portfolio opinion which is available only for Premium members

Curated by Michael O'Reilly since 2020.
1550+ opinions with 4.81 rating (one of the best performing expert).

PAST TOP PICK
(A Top Pick Jul 13/23, Up 8.5%)Stockchase Research Editor: Michael O'Reilly

Our PAST TOP PICK with CNQ has triggered its stop at $83.  To remain disciplined, we recommend covering the position at this time.  Combined with our previous recommendations, this will result in a net investment gain of 12%.  

oil / gas
SELL

Checks all the boxes. Most widely owned name in Canada. Has done phenomenally well. Fair multiple is 7x, yet trades at 6.5x. Sees only 9% upside, not enough in such a volatile sector. He sold in early November.

oil / gas
Showing 1 to 15 of 1,509 entries

Canadian Natural Rsrcs(CNQ-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 44

Neutral - Hold Signals / Votes : 7

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 54

Stockchase rating for Canadian Natural Rsrcs is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Canadian Natural Rsrcs(CNQ-T) Frequently Asked Questions

What is Canadian Natural Rsrcs stock symbol?

Canadian Natural Rsrcs is a Canadian stock, trading under the symbol CNQ-T on the Toronto Stock Exchange (CNQ-CT). It is usually referred to as TSX:CNQ or CNQ-T

Is Canadian Natural Rsrcs a buy or a sell?

In the last year, 54 stock analysts published opinions about CNQ-T. 44 analysts recommended to BUY the stock. 3 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Canadian Natural Rsrcs.

Is Canadian Natural Rsrcs a good investment or a top pick?

Canadian Natural Rsrcs was recommended as a Top Pick by on . Read the latest stock experts ratings for Canadian Natural Rsrcs.

Why is Canadian Natural Rsrcs stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Canadian Natural Rsrcs worth watching?

54 stock analysts on Stockchase covered Canadian Natural Rsrcs In the last year. It is a trending stock that is worth watching.

What is Canadian Natural Rsrcs stock price?

On 2024-03-01, Canadian Natural Rsrcs (CNQ-T) stock closed at a price of $97.7.