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 $33.78, up 1.96% from the previous day, and has decreased 0.94% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.08 percentage points. Canadian Natural Resources stock is currently +37.04% from its 52-week low of $24.65, and -10.89% from its 52-week high of $37.91.
There are currently 2.1B shares of CNQ outstanding. The market value of CNQ is $70.85B. In the last 24 hours, 12.79M 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.
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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. This offer is only for US users.
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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to start your new brokerage account.
- Submit your info by hitting the "Create Account" button. Get started with eToro today
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 Due Diligence 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 undervalued based on its P/E ratio of 13.02x, relative to Oil & Gas E&P industry P/E ratio of 17.08x
- CNQ may be overvalued based on its P/B ratio of 2.42x, relative to Oil & Gas E&P industry P/B ratio of 1.65x
You can access more valuation analysis on CNQ's stock here.
Is CNQ a healthy company?
Positive Financial Indicators:
- Total CNQ debt is lower than 5 years ago, relative to shareholder equity.
- CNQ earnings of $7.58B is not enough to cover its interest payments.
- CNQ's operating cash flow of $10.73B allows it to safely service it's debt of $12.63B.
Negative Financial Indicators:
- There are more long-term liabilities than short-term assets on the CNQ balance sheet.
- There are more short-term liabilities than short-term assets on the CNQ balance sheet.
- CNQ has a relatively high debt to equity ratio of 1.1.
- CNQ profit margin has gone down from 20.9% to 19.8% in the past year.
Do analysts think it's a good time to buy Canadian Natural Resources stock
Out of 1 Wall Street analysts who research CNQ, the consensus analyst rating on CNQ is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they financial advice.
You can dive deeper into what analysts are forecasting on the Canadian Natural Resources stock forecast page.
CNQ Momentum
CNQ Performance Metrics
Last year, CNQ earnings were $5.49B. During the last five year, CNQ's earnings have gone up by 21.97% per year. This was faster than the Oil & Gas E&P industry average of 9.65%.
Last year, CNQ revenue was $27.79B. During the last 5 year, CNQ's revenue has grown by 11.79% per year. This was slower than the Oil & Gas E&P industry average of 13.51%.
Dig into CNQ's earnings and revenue performance here.
Who is buying/selling CNQ?
In the past year, insiders at CNQ have not bought or sold any shares.
Dig into more about who owns CNQ shares here.
Can I get consistent income from CNQ stock?
No, Canadian Natural Resources doesn't provide an income stream by paying out dividends.
What do other investors have to say about CNQ?
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Place your CNQ trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally sufficient. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount limit, place a limit order.
Hit the Open button and eToro will place your order.
If you require more help investing in stocks on eToro, click the helpful video below:
Step 6: Track your investment in CNQ
Now that you own some shares in CNQ, you'll want to stay up-to-date on your shares.
Start a watchlist to get alerted to the latest events about your CNQ stock.
CNQ Feed
How to Buy Stock in Canadian Natural Resources
To summarize, here are the 6 steps to buy stock in Canadian Natural Resources:
- 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 online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to monitor your new investment in Canadian Natural Resources, create a watchlist on WallStreetZen today.
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