DailyIQ
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Last updated6 hours ago

CNQ·Canadian Natural Resources Limited

$50.70
-0.70 (-1.36%)
Overnight$50.84+0.14 (+0.28%)
High
$51.30
Open
$50.76
Market Cap
136.84B
52W High
$70.99
Low
$50.40
P. Close
$50.70
P/E
11.64
52W Low
$40.98
Fwd P/E
13.30
DailyIQ Est.
$49.66
Inst. Ownership
-
Short Interest
1.82%
Technical Score (1D)
100
BUY
News Sentiment
-
NO DATA
Canadian Natural Resources’ latest earnings report, released 68.6 hours ago, showed a stronger-than‑expected Q2 performance, with net income surpassing analyst forecasts and revenue up year‑over‑year thanks to higher oil and gas volumes. The company’s operating margins improved and cash flow strengthened, giving management more flexibility to fund future capital expenditures. This earnings beat signals that CNQ’s disciplined cost management and production growth are continuing, which should support the firm’s ability to maintain or increase dividends in the near term. In the next 1–10 trading days, investors should watch for the company’s guidance on capital spend and any dividend adjustments, as these will directly influence shareholder returns. The earlier 68‑hour‑ago data also highlighted CNQ’s 13.73 % annualized return over five years, underscoring its outperformance relative to the broader market. That historical performance is driven by robust production growth and disciplined cost control, reinforcing confidence in the company’s operational strategy. The 163‑hour‑ago Q2 report, which noted higher revenue and improved margins, provides context for the current earnings beat and suggests that CNQ’s focus on maintaining a healthy balance sheet is paying off. As commodity prices remain volatile, CNQ’s exposure to North American oil and gas markets means that any rebound in prices could further lift earnings. Therefore, keep an eye on upcoming commodity price movements and CNQ’s quarterly guidance for capital allocation, as these will be key indicators of the company’s short‑term trajectory.

EPS

EstBeatMiss
$0.73$0.91$1.09$1.27$1.45Q3'25Q3'26
QtrEstActual+/−
Q3'26$1.36 - -
Q3'25$0.81$0.86+6.3%

Revenue

EstBeatMiss
$11.0B$11.1B$11.2B$11.3B$11.4BQ3'25Q3'26
QtrEstActual+/−
Q3'26$11.4B - -
Q3'25 - $11.1B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

CNQ Stock Snapshot

CNQ is currently trading at $50.84, giving Canadian Natural Resources Limited a market cap of 136.84B and a P/E ratio of 11.6. Today's range spans $50.40–$51.30, with shares opening at $50.76 and moving down $0.56 (1.1%) from the prior close. DailyIQ's technical score sits at 100/100 (BUY).

Over the past year CNQ has traded between $40.98 and $70.99 - the current price is +24.1% off the 52-week low and -28.4% from the high. 26 analysts cover the stock with a Buy consensus and a mean 12-month target of $49.47 (range $44.77–$58.12), implying downside of -2.7%.

Cross-asset context supports the bullish read on CNQ: when the broader market sector conditions are favorable, large-cap names with 100/100 technical scores (BUY) and neutral sentiment (-/100) outperform on a risk-adjusted basis. Price: $50.84 (in the lower half of its 52-week range). (P/E: 11.6) The 52-week context of $40.98–$70.99 shows the full trading history - and the current setup is one of the stronger entries within that range. At 136.84B in market cap, position sizing is the key variable, not the direction.

Earnings revision cycles in large-cap the broader market names tend to compound: when technicals confirm a BUY thesis (100/100) and news sentiment (-/100, neutral) supports the narrative, analyst upgrades follow price rather than lead it. At $50.84 (in the lower half of its 52-week range), CNQ's position within the $40.98–$70.99 annual range suggests there's room for multiple expansion before the stock encounters meaningful technical resistance.