Canadian Natural Resources stock
CNQNYSECanadian Natural Resources Limited, EnergyISIN CA1363851017
78Score 78 out of 100, Strong
Price and trend
55 / 100
Price history
+51% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 5.3% above it.
Since July 2025 the 50-day line has been above the 200-day line; the trend has turned up.
Sharply down: the price has fallen very quickly lately (RSI 26).
The price is 12% below its 52-week high. Largest decline in 20 years: 85% (June 2008 to March 2020).
Chart figures for advanced users
- SMA 50$50.64
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$46.62
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)26
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$30.59
- The lowest closing price of the last twelve months.
- Resistance$56.11
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Canadian Natural Resources Limited belongs to the Oil & Gas Exploration & Production industry (Canada) and, with a market value of $101.24B, is number 3 of 69 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $31B (up 23.9% year on year) and earnings of $7.59B (up 77.2%).
- MEQIRI Score 78 out of 100 (Strong): rank 12 of 266 in Energy, median 60.
Show more
- The P/E is 10.2 (Oil & Gas Exploration & Production median 11.1, own median of recent years 10.4).
- Our model puts fair value at $54.58, with the price 10% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- High marginNet margin 28.1% over the last 12 months, Oil & Gas Exploration & Production median 12.4%.Profitability 88
- Share buybacksShare count down 11% since 2020.Capital allocation 84
- Reliable dividendNo dividend cut for 11 years.Capital allocation 84
Weaknesses
- Margin fallingOperating margin 18.6%, average of the prior years 29% (to 2024).
Its standout strengths are profitability and capital allocation.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among stocks ranked 101 to 1,000.
From 2016 to 2025, 23 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What drives the risk
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
- high growth grade (crashed more often in the backtest)
What lowers it
- solid fundamentals
Valuation
Valuation signal
Fairly valuedIn our model the price counts as cheap below $41.99 and expensive above $77.97 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $56.18 (cash-flow model) and $52.98 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is slightly below both parts; given how much the stock swings, that still counts as fair.
Calculated with a cost of equity of 8.2%. At 9.2% the fair value would be $49.96, at 7.2% it would be $61.50.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (11.1).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 26.6% on the twelve months before. Revenue has grown solidly since 2006, at about 7% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 21%, operating 19%, net 24%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with moderate debt and comfortable interest coverage.
Earnings
- Next earnings
- 4 Mar 2027in 111 days
- Last reported
- 5 Nov 2026EPS reported 1.18 (expected 1.05)above expectations
Analyst estimates
Analysts have raised their 2027 earnings estimate by 9.1% since 15 Oct 2026.
- Earnings per share
- 4.6+1.6%
- Revenue
- $36.86B+44.1%
- Earnings per share
- 4.22+9.1%
- Revenue
- $33.36B+46.8%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: +1.7%The 2026 annual production guidance was raised for the second time this year to 1.64 million to 1.68 million barrels of oil equivalent per day.
“Annual production is now targeted to be between 1.64 million BOE per day and 1.68 million BOE per day a 20 thousand boe per day increase at the midpoint from the previous guidance range.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 6 Aug 2026 (fiscal Q2 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Canadian Natural Resources
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
266 rated companies in Energy
- This company
- 78
- Sector median
- 60
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Oil & Gas Exploration & Production
The next larger and next smaller companies by market value
- ConocoPhillipsCOP $165.6B76
- CNOOC0883.HK $137.8B81
- EOG ResourcesEOG $80.69B85
- Occidental PetroleumOXY $58.39B64
- Devon EnergyDVN $52.69B65
- Diamondback EnergyFANG $50.86B63
- Woodside Energy GroupWDS $40.28B58
- EQTEQT $32.75B62
ETFs that hold Canadian Natural Resources
Held by 47 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)IS0D | 10.31% | 0.55% | €382.18M |
| UBS MSCI Canada UCITS ETF CAD disUIM9 | 3.78% | 0.33% | €2.07B |
| iShares MSCI Canada UCITS ETFSXR2 | 3.30% | 0.48% | €2.17B |
Show 5 more
| iShares MSCI World Energy Sector UCITS ETF USD5MVW | 2.75% | 0.18% | €1.32B |
| Xtrackers MSCI World Energy UCITS ETF 1CXDW0 | 2.69% | 0.25% | €1.83B |
| Franklin Global Quality Dividend UCITS ETFFLXX | 1.88% | 0.30% | €141.87M |
| State Street SPDR S&P Global Dividend Aristocrats UCITS ETF (Dist)ZPRG | 1.36% | 0.45% | €1.64B |
| Xtrackers MSCI North America High Dividend Yield UCITS ETF 1CXDND | 0.71% | 0.39% | €266.63M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = CA$1.4249)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 24 Oct 2025)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.