CNQ.TO
Canadian Natural Resources Limited
TorontoCADEQUITY
Energy
DELAYED
Last price
70.81
▲ 0.37 (0.53%)
MARKET · —
Price
Open
70.30
Prev close
70.44
Day high
70.87
Day low
70.21
Volume
9.52M
Market cap
$145.97B
P/E (TTM)
12.67
52W range
41.67 – 70.99
Trailing performance
Returnvs SPY
1W
+6.63%
+8.0%
1M
+9.87%
+6.1%
3M
+5.31%
+2.2%
6M
+22.09%
+11.0%
YTD
+52.31%
+40.0%
1Y
+72.29%
+52.3%
3Y
+72.98%
-1.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$145.97B
Enterprise value$163.54B
Revenue (TTM)$44.68B
Gross profit$23.04B
EBITDA$19.13B
Net income$11.75B
EPS (TTM)$5.59
Free cash flow$7.42B
Total cash$2.62B
Total debt$20.18B
Book value / share$22.62
Shares outstanding2.06B
Float2.01B
Short % of float—
Dividend yield3.53%
Beta (5Y)0.88
Valuation & profitability ratios
Trailing P/E12.67
Forward P/E13.30
PEG ratio3.42
Price / sales—
Price / book3.13
EV / revenue3.66
EV / EBITDA8.55
Gross margin51.58%
Operating margin43.09%
Profit margin26.31%
Return on equity26.68%
Return on assets7.91%
Debt / equity43.13
Current ratio1.00
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $38.76B | $35.66B | $35.97B | $42.30B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $10.82B | $6.11B | $8.23B | $10.94B |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $10.82B | $6.11B | $8.23B | $10.94B |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 2.04 | 2.19 | +7.2% |
| Mar 2026 | 1.06 | 1.17 | +10.9% |
| Dec 2025 | 0.70 | 0.82 | +16.9% |
| Sep 2025 | 0.81 | 0.86 | +6.3% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 1.36 | 5 | $11.78B | +23.8% |
| Next quarter | 1.49 | 5 | $12.10B | +26.0% |
| Current year | 5.93 | 10 | $47.30B | +22.0% |
| Next year | 5.33 | 12 | $42.22B | -10.7% |
Analyst targets & ownership
Mean target$71.67
High target$90.00
Low target$62.00
Implied upside1.21%
Analyst count21
ConsensusBUY
Strong buy / Buy4 / 7
Hold11
Sell / Strong sell0 / 1
Held by insiders2.18%
Held by institutions78.23%
Institutions holding1.08K
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
44.92M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Jul 31, 26 | Canadian Natural Resources Limited Issuer |
BUY | 3.45M | $148.62M | Direct |
| Jul 31, 26 | Canadian Natural Resources Limited Issuer |
BUY | 3.45M | $149.38M | Direct |
| Jul 31, 26 | Canadian Natural Resources Limited Issuer |
— | 6.90M | — | Direct |
| Jul 6, 26 | Brown (Shelley Ann Marie) Director of Issuer |
COMPENSATION | 887 | $35.20K | Indirect |
| Jul 6, 26 | Giffin (Gordon D.) Director of Issuer |
COMPENSATION | 887 | $35.20K | Indirect |
| Jul 6, 26 | Healy (Christine) Director of Issuer |
COMPENSATION | 887 | $35.20K | Indirect |
| Jul 6, 26 | Isaac (Grant Everett) Director of Issuer |
COMPENSATION | 887 | $35.20K | Indirect |
| Jul 6, 26 | Laut (Stephen W) Director of Issuer |
BUY | 887 | $35.20K | Direct |
| Jul 6, 26 | Tuer (David) Director of Issuer |
COMPENSATION | 887 | $35.20K | Direct |
| Jun 30, 26 | Canadian Natural Resources Limited Issuer |
BUY | 3.15M | $137.23M | Direct |
| Jun 30, 26 | Canadian Natural Resources Limited Issuer |
BUY | 3.45M | $148.03M | Direct |
| Jun 30, 26 | Canadian Natural Resources Limited Issuer |
— | 6.60M | — | Direct |
| May 31, 26 | Canadian Natural Resources Limited Issuer |
BUY | 3.00M | $140.24M | Direct |
| May 31, 26 | Canadian Natural Resources Limited Issuer |
BUY | 3.00M | $141.22M | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Best (Catherine May) |
Director of Issuer | — | Compensation for services |
Canadian Natural Resources Limited |
Issuer | 3.91M | Redemption, retraction, cancelation, repurchase |
Edwards (Norman Murray) |
Director of Issuer | 746.49K | Exercise for cash |
Fong (Christopher Lee) |
Director of Issuer | — | Acquisition or disposition under a purchase/ownership plan |
Froc (Jay Ellery) |
Senior Officer of Issuer | 102.64K | Acquisition or disposition under a purchase/ownership plan |
Giggs (Dwayne Frederick) |
Senior Officer of Issuer | 87.12K | Exercise of options |
Laing, Ronald Keith |
Senior Officer of Issuer | 80.70K | Exercise for cash |
Laut (Stephen W) |
Director of Issuer | 880.29K | Acquisition or disposition in the public market |
Stauth, Scott Gerald |
Senior Officer of Issuer | 280.32K | Exercise for cash |
Zabek (Robin Sean) |
Senior Officer of Issuer | 91.11K | Exercise for cash |
Moving averages & technicals
SMA 10
67.84
+4.38% from price
SMA 20
66.15
+7.05% from price
SMA 50
62.20
+13.85% from price
SMA 100
63.10
+12.21% from price
SMA 200
57.63
+22.87% from price
EMA 12
67.72
+4.56% from price
EMA 26
65.68
+7.80% from price
EMA 50
64.10
+10.46% from price
RSI (14)
70.4
Overbought
MACD (12,26,9)
2.04
Hist 0.41
ATR (14)
1.65
2.33% of price
Realised vol 30D
30.9%
Annualised
Bollinger upper
70.79
20, 2σ
Bollinger lower
61.51
20, 2σ
50 / 200 cross
Golden
62.20 vs 57.63
Trend bias
Above 200
+22.87%
Risk profile
Beta vs SPY
-0.29
Less volatile than market
Correlation to SPY
-0.12
Largely independent
Realised vol 30D
30.9%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-19.6%
Peak to trough
Max drawdown 5Y
-36.3%
Peak to trough
ATR 14
1.65
2.33% of price
Beta (reported)
0.88
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.