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 $28.69, down 2.15% from the previous day, and has decreased 24.32% in one year. It has underperformed other stocks in the Oil & Gas E&P industry by 0.3 percentage points. Canadian Natural Resources stock is currently +16.39% from its 52-week low of $24.65, and -26.81% from its 52-week high of $39.20.
There are currently 2.1B shares of CNQ outstanding. The market value of CNQ is $60.33B. In the last 24 hours, 5.83M 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:
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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 14.4x, relative to Oil & Gas E&P industry P/E ratio of 15.11x
- CNQ may be overvalued based on its P/B ratio of 2.2x, relative to Oil & Gas E&P industry P/B ratio of 1.45x
- CNQ could be overvalued based on its PEG ratio of 1.02x
You can do additional valuation research on CNQ's stock here.
How do CNQ Financials look?
Positive Financial Indicators:
- CNQ earnings of $6.01B is not enough to cover its interest payments.
- CNQ's operating cash flow of $9.30B allows it to safely service it's debt of $13.07B.
- 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 1.16.
- CNQ profit margin has gone down from 22.9% to 17.1% in the past year.
Is it a good time to buy Canadian Natural Resources stock, according to analysts?
Out of 1 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.
You can dig 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 $4.24B. During the last 5 year, CNQ's earnings have increased by 2.79% per year. This was slower than the Oil & Gas E&P industry average of 19.86%.
Last year, CNQ revenue was $24.76B. During the past 5 year, CNQ's revenue has grown by 7.24% per year. This was slower than the Oil & Gas E&P industry average of 12.11%.
Learn more about CNQ's earnings and revenue performance here.
Are CNQ insiders buying or selling the stock?
In the last 12 months, executives and large shareholders at CNQ have not bought or sold any shares.
Learn 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.
Get analysis from other investors
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 community members have to say.
Step 5: Place your CNQ trade
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are usually fine for most investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a given dollar amount limit, place a limit order.
Press the Open button and eToro will execute the order.
If you require more help with buying stocks on eToro, watch the how to video below:
Step 6: Track your investment in CNQ
Now that you own some shares in CNQ, you'll want to keep up with your investment.
Add CNQ to a watchlist to track the most important metrics related to 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 are looking for a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep track of your new investment in Canadian Natural Resources, add CNQ to your watchlist by clicking the button below.
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