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Last C$29.13 CAD
Change Today +0.44 / 1.53%
Volume 1.8M
CNQ On Other Exchanges
Symbol
Exchange
New York
Toronto
Frankfurt
As of 11:04 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

canadian natural resources (CNQ) Snapshot

Open
C$28.83
Previous Close
C$28.69
Day High
C$29.38
Day Low
C$28.31
52 Week High
09/3/14 - C$46.53
52 Week Low
08/24/15 - C$25.01
Market Cap
32.0B
Average Volume 10 Days
8.3M
EPS TTM
C$0.86
Shares Outstanding
1.1B
EX-Date
09/9/15
P/E TM
33.9x
Dividend
C$0.92
Dividend Yield
3.17%
Current Stock Chart for CANADIAN NATURAL RESOURCES (CNQ)

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canadian natural resources (CNQ) Details

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO). Its midstream assets include three crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2014, the company’s gross proved crude oil, bitumen, SCO, and NGLs reserves totaled 4,511 million barrels; gross proved plus probable crude oil, bitumen, SCO, and NGLs reserves totaled 7,535 million barrels; proved natural gas reserves totaled 6,001 billion cubic feet; and gross proved plus probable natural gas reserves totaled 8,138 billion cubic feet. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Côte d’Ivoire, Gabon, and South Africa in Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was founded in 1973 and is headquartered in Calgary, Canada.

7,657 Employees
Last Reported Date: 03/25/15
Founded in 1973

canadian natural resources (CNQ) Top Compensated Officers

Principal Executive Officer, President, Non-I...
Total Annual Compensation: C$678.5K
Chief Financial Officer and Senior Vice-Presi...
Total Annual Compensation: C$381.9K
Chief Operating Officer
Total Annual Compensation: C$586.5K
Executive Vice-President of Canadian Conventi...
Total Annual Compensation: C$489.2K
Senior Vice-President of Horizon Projects
Total Annual Compensation: C$461.0K
Compensation as of Fiscal Year 2014.

canadian natural resources (CNQ) Key Developments

Canadian Natural Resources Limited Announces Unaudited Consolidated Earnings and Production Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production Guidance for the Third Quarter of 2015 and Production and Capital Spending Guidance for the Full Year 2015

Canadian Natural Resources Limited announced unaudited consolidated earnings and production results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net loss of CAD 405 million or CAD 0.37 per diluted share compared to net income of CAD 1,070 million or CAD 0.97 per diluted share reported in the same period last year. Adjusted net earnings from operations were CAD 178 million or CAD 0.16 per diluted share against CAD 1,150 million or CAD 1.04 per diluted share reported last year. Cash flow from operations was CAD 1,503 million or CAD 1.37 per diluted share against CAD 2,633 million or CAD 2.39 per diluted share reported last year. Capital expenditures, net of dispositions were CAD 1,297 million against CAD 5,456 million reported last year. The net loss in the quarter was primarily a result of the 20% increase in the Alberta provincial corporate income tax rate from 10% to 12%, increasing Canadian Natural's deferred income tax liability by CAD 579 million. Product sales were CAD 3,662 million against CAD 6,113 million reported last year. Revenue was CAD 3,422 million against CAD 5,371 million reported last year. Earnings before taxes were CAD 120 million against CAD 1,444 million reported last year. For the six months, the company reported net loss of CAD 657 million or CAD 0.37 per diluted share compared to net income of CAD 1,692 million or CAD 1.52 per diluted share reported in the same period last year. Adjusted net earnings from operations were CAD 199 million or CAD 0.18 per diluted share against CAD 2,071 million or CAD 1.89 per diluted share reported last year. Cash flow from operations was CAD 2,873 million or CAD 2.62 per diluted share against CAD 4,779 million or CAD 4.36 per diluted share reported last year. Capital expenditures, net of dispositions were CAD 2,709 million against CAD 7,349 million reported last year. Product sales were CAD 6,888 million against CAD 11,081 million reported last year. Revenue was CAD 6,456 million against CAD 9,767 million reported last year. Loss before taxes was CAD 519 million against earnings before taxes of CAD 2,349 million reported last year. For the quarter, the company reported natural gas production of 1,716 MMcf/d compared to 1,606 MMcf/d produced in the same period last year. For the quarter, the company produced at an average of 805,547 barrels of oil equivalent per day (boe/d), down slightly from 817,471 boe/d. Total production before royalties for the second quarter of 2015 decreased 1% to 805,547 BOE/d from 817,471 BOE/d for the second quarter of 2014 and decreased 10% from 898,053 BOE/d for the first quarter of 2015. For the six months, the company reported natural gas production of 1,715 MMcf/d compared to 1,378 MMcf/d produced in the same period last year. Total production before royalties for the six months ended June 30, 2015 increased 13% to 851,545 BOE/d from 751,426 BOE/d for the six months ended June 30, 2014. For the year 2015, production levels before royalties is expected to average between 562,000 and 602,000 bbl/d of crude oil and NGLs and between 1,730 and 1,770 MMcf/d of natural gas. The company trimmed its forecast 2015 capital spending by CAD 245 million to CAD 5.5 billion due to cost savings. The company's original 2015 budget was CAD 8.6 billion. For the third quarter of 2015, the production guidance before royalties is to be average between 559,000 and 590,000 bbl/d of crude oil and NGLs and between 1,670 and 1,690 MMcf/d of natural gas.

Canadian Natural Resources Limited Declares Quarterly Cash Dividend, Payable on October 1, 2015

Canadian Natural Resources Limited declared a quarterly cash dividend on common shares of CAD 0.23 per share payable on October 1, 2015.

Canadian Natural Resources Limited to Report Q2, 2015 Results on Aug 06, 2015

Canadian Natural Resources Limited announced that they will report Q2, 2015 results at 11:00 AM, US Eastern Standard Time on Aug 06, 2015

 

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Industry Analysis

CNQ

Industry Average

Valuation CNQ Industry Range
Price/Earnings 18.5x
Price/Sales 1.9x
Price/Book 1.1x
Price/Cash Flow 4.3x
TEV/Sales 0.9x
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