How to Buy Canadian Natural Resources Stock
Canadian Natural Resources Ltd
Canadian Natural Resources is a oil and gas company located in Alberta, Canada, which is part of the Energy sector, and is traded under the ticker CNQ on the NYSE exchange.
Canadian Natural Resources stock last closed at $61.65, up 0% from the previous day, and has increased 21.43% in one year. It has overperformed other stocks in the Oil & Gas E&P industry by 0.16 percentage points. Canadian Natural Resources stock is currently +38.7% from its 52-week low of $44.45, and -6.84% from its 52-week high of $66.18.
There are currently 1.09B shares of CNQ outstanding. The market value of CNQ is $67.34B. In the last 24 hours, 2.75M CNQ shares were traded.
How to Buy Canadian Natural Resources Stock
Not sure how to invest in Canadian Natural Resources stock? Here's how.
- Choose where to buy Canadian Natural Resources stock: You need to choose an online brokerage, but don't worry - we've sifted through dozens of online stock brokerages and apps to help you figure out where to buy Canadian Natural Resources stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Choose your payment method and add your information.
- Evaluate Canadian Natural Resources stock: The Canadian Natural Resources ticker symbol is CNQ. Is Canadian Natural Resources stock a good investment? Should you buy shares of CNQ? How do CNQ's underlying business fundamentals look? Do top analysts think Canadian Natural Resources is a good buy? Why has CNQ's stock price moved recently? (Hint: Our stock analysis website can help you evaluate if CNQ is a good stock to buy).
- Place your CNQ trade: Decide if you will purchase CNQ shares at the current market price or use a limit order to purchase CNQ stock at a given price.
- Track your investment in CNQ: Create a watchlist to keep tabs on your position in Canadian Natural Resources stock.
Step 1: Choose where to buy Canadian Natural Resources stock
You need an online brokerage account in order to access the NYSE market and buy CNQ stock.
Our preferred brokerage: eToro
Based on our experience, eToro is the best place to buy stocks. eToro gives you:
- Invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still purchase the stock.
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- Social investing: eToro boasts a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of shares by opening an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, you'll need to fill out some personal details so you are able to invest in CNQ today.
How to Open a New Investment Account on eToro
- Click here to get started.
- Provide your personal info to start your new brokerage account.
- Submit your info by hitting the "Create Account" button.
Step 3: Deposit money your brokerage account
Now that you have finished signing up on the best free stock trading app, you need to deposit funds:
Check out the walkthrough below for more details transferring funds into your new brokerage account.
Step 4: Evaluate Canadian Natural Resources stock
Once you have chosen the best place to buy Canadian Natural Resources stock, it's crucial to research their stock before you invest, so you truly comprehend the risk and opportunity.
Canadian Natural Resources Metrics
CNQ Zen Score
WallStreetZen was built to help everyday investors do more accurate fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on CNQ's stock page.
Is CNQ stock undervalued?
Analysts use many financial metrics, analyses, models, and charts to gauge CNQ's true value.
Using relative valuations methods:
- CNQ may be overvalued based on its P/E ratio of 11.79x, relative to Oil & Gas E&P industry P/E ratio of 10.11x
- CNQ may be overvalued based on its P/B ratio of 2.3x, relative to Oil & Gas E&P industry P/B ratio of 2.05x
- CNQ could be undervalued based on its PEG ratio of 0.32x
You can do additional valuation research on CNQ's stock here.
How do CNQ Financials look?
Positive Financial Indicators:
- CNQ earnings of $7.36B is not enough to cover its interest payments.
- CNQ's operating cash flow of $11.12B allows it to safely service it's debt of $9.21B.
- Total CNQ debt is lower than 5 years ago, relative to shareholder equity.
Negative Financial Indicators:
- There are more short-term liabilities than short-term assets on the CNQ balance sheet.
- There are more long-term liabilities than short-term assets on the CNQ balance sheet.
- CNQ has a relatively high debt to equity ratio of 0.95.
- CNQ profit margin has gone down from 29% to 20.7% in the past year.
Is it a good time to buy Canadian Natural Resources stock, according to analysts?
Out of 4 sell side analysts who monitor CNQ, the consensus analyst rating on CNQ is a Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Latest CNQ Analyst Recommendations
Dennis Fong, a bottom 45% analyst from CiBC maintains CNQ with a buy rating and raises their CNQ price target from $90.00 to $93.00, on Aug 29, 2023.
Lloyd Byrne, a top 1% analyst from Jefferies maintains CNQ with a hold rating and raises their CNQ price target from $84.00 to $94.00, on Aug 28, 2023.
Roger Read, a top 1% analyst from Wells Fargo maintains CNQ with a hold rating and raises their CNQ price target from $80.00 to $85.00, on Aug 4, 2023.
Travis Wood, a top 38% analyst from National Bank Financial Inc maintains CNQ with a buy rating and lowers their CNQ price target from $105.00 to $93.00, on Jun 29, 2023.
You can dive deeper into what analysts are saying on the Canadian Natural Resources stock forecast page.
CNQ Trading Indicators
CNQ Performance Numbers
Last year, CNQ earnings were $5.75B. Over the last five year, CNQ's earnings have grown by 25.96% per year. This was slower than the Oil & Gas E&P industry average of 28.15%.
Last year, CNQ revenue was $27.78B. In the past 5 year, CNQ's revenue has gone up by 11.52% per year. This was slower than the Oil & Gas E&P industry average of 25.99%.
You can analyze CNQ's earnings and revenue performance here.
Who is buying/selling CNQ?
In the last 12 months, insiders at CNQ have not bought or sold any shares.
Learn more about who owns CNQ stock here.
Can I get consistent income from CNQ stock?
Canadian Natural Resources pays a dividend of 4.26%, compared to the Oil & Gas E&P industry's average dividend yield of 4.13%. If you owned $1,000 of CNQ stock, you would have been paid $42.56 in the past 12 months.
Canadian Natural Resources dividend payments have consistently grown over the past decade but have not remained stable.
Get more analysis about Canadian Natural Resources dividend yield and history here.
What do other traders have to say about CNQ?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Place your CNQ trade
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally the easiest way to buy. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a particular dollar amount, use a limit order.
Press the Open Trade button and eToro will execute your order.
If you want additional assistance investing in stocks on eToro, watch the helpful video below:
Step 6: Track your investment in CNQ
Now that you own some CNQ stock, you'll want to keep up with your new stock purchase.
Start a watchlist to keep tabs on your CNQ stock.
CNQ Feed
How to Buy Stock in Canadian Natural Resources
To reiterate, here are the 6 steps for buying Canadian Natural Resources stock:
- Choose where to buy Canadian Natural Resources stock
- Create a brokerage account
- Deposit money your brokerage account
- Evaluate Canadian Natural Resources stock
- Place your CNQ trade
- Track your investment in CNQ
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Canadian Natural Resources, get started below.
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