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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 $36.69, up 3.26% from the previous day, and has increased 31.27% in one year. It has overperformed other stocks in the Oil & Gas E&P industry by 0.04 percentage points. Canadian Natural Resources stock is currently +31.39% from its 52-week low of $27.93, and -11.14% from its 52-week high of $41.29.

There are currently 2.14B shares of CNQ outstanding. The market value of CNQ is $78.52B. In the last 24 hours, 7.72M CNQ shares were traded.

How to Buy Canadian Natural Resources Stock

Not sure how to invest in Canadian Natural Resources stock? Here's how.
  1. 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.
  2. Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Deposit money your brokerage account: Choose your payment method and add your information.
  4. 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).
  5. 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.
  6. 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.

A brokerage account allows you to buy and sell a number of investments, including stocks, bonds, mutual funds, and ETFs.

Our preferred brokerage: eToro

Based on our experience, eToro is the best place to buy stocks. eToro gives you:

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Step 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

  1. Click here to get started.
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  2. Provide your personal info to start your new brokerage account.
  1. Submit your info by hitting the "Create Account" button.
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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.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

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 Price
$36.69
1w %
1.94%
1y %
31.27%
5y %
166.45%
P/E
14.82x
P/B
2.74x
P/S
3.05x
PEG
1.94x
Revenue
$25.78B
Earnings
$5.38B
Fore. Rev. Growth
0.52%
Fore. Earn. Growth
7.63%
Market Cap
$78.52B
Next Earnings
Aug 1, 2024
Next Dividend
N/A

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 14.82x, relative to Oil & Gas E&P industry P/E ratio of 14.03x
  • CNQ may be overvalued based on its P/B ratio of 2.74x, relative to Oil & Gas E&P industry P/B ratio of 2.01x
  • CNQ could be overvalued based on its PEG ratio of 1.94x

You can do additional valuation research on CNQ's stock here.

How do CNQ Financials look?

Positive Financial Indicators:

  • CNQ earnings of $7.18B is not enough to cover its interest payments.
  • CNQ's operating cash flow of $10.09B allows it to safely service it's debt of $8.00B.
  • 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 0.92.
  • CNQ profit margin has gone down from 23.9% to 20.9% in the past year.

You can dig deeper into what analysts are projecting on the Canadian Natural Resources stock forecast page.

CNQ Technical Indicators

SMA10
36.05
SMA20
35.49
SMA50
36.6
SMA100
36.96
SMA200
34.55
MACD
-0.02
MACD Signal
-0.2
MACD Histogram
0.18
RSI
55.34
Stochastic %K
71.57
Stochastic %D
68.06
StochRSI %K
72.18
StochRSI %D
72.8

How is CNQ performing as a company?

Last year, CNQ earnings were $5.38B. Over the past 5 year, CNQ's earnings have gone up by 22.11% per year. This was faster than the Oil & Gas E&P industry average of 20.36%.

Last year, CNQ revenue was $25.78B. In the past five year, CNQ's revenue has gone up by 10.84% per year. This was slower than the Oil & Gas E&P industry average of 19.61%.

You can research CNQ's earnings and revenue performance here.

What are CNQ executives and large shareholders up to?

Over the last year, executives and large shareholders at CNQ have not bought or sold any shares.

Dig into more about who owns CNQ shares here.

Does CNQ stock generate passive income?

Canadian Natural Resources pays a dividend of 4.77%, compared to the Oil & Gas E&P industry's average dividend yield of 3.14%. If you owned $1,000 worth of CNQ stock, you would have received $47.71 last year.

Canadian Natural Resources dividend payments have consistently grown over the past decade but have not remained stable.

Get more info about Canadian Natural Resources dividend yield and history here.

What do other investors have to say about CNQ?

One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out what other traders have to say.

Step 5: Place your CNQ trade

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a stock at the best available price.
    Market orders are mostly the best for newer investors.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to be sure you're buying or selling at an exact price limit, use a limit order.

Press the Open Trade button and your broker will place the order.

If you need more help with investing in stocks on eToro, watch the helpful video below:

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Step 6: Track your investment in CNQ

Now that you own some CNQ stock, you'll want to keep up with your new company.

Start a watchlist to keep track of your CNQ stock.

CNQ Feed

How to Buy Stock in Canadian Natural Resources

To summarize, here are the 6 steps you need to take to buy Canadian Natural Resources stock right now:

  1. Choose where to buy Canadian Natural Resources stock
  2. Create a brokerage account
  3. Deposit money your brokerage account
  4. Evaluate Canadian Natural Resources stock
  5. Place your CNQ trade
  6. Track your investment in CNQ

If you require a brokerage account, eToro is our favorite venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep track of your investment in Canadian Natural Resources, add CNQ to your watchlist below.

NYSE: CNQ
$36.69+1.16 (+3.26%)
Updated Jul 15, 2024
Open eToro Account
NYSE: CNQ
$36.69+1.16 (+3.26%)
Updated Jul 15, 2024
Open eToro Account

FAQ

How much does it cost to buy one Canadian Natural Resources share?

As of Jul 15, 2024, it costs $36.69 to buy one share of Canadian Natural Resources stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.273 shares of CNQ.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

What is the best way to buy Canadian Natural Resources stock?

One way to place an order for Canadian Natural Resources stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.