Canadian Natural Resources (NYSE:CNQ) Shares Gap Down – What’s Next?

Posted by Brian Himes on Jul 27th, 2026

Canadian Natural Resources Limited (NYSE:CNQ – Get Free Report) (TSE:CNQ) shares gapped down before the market opened on Monday . The stock had previously closed at $46.44, but opened at $44.77. Canadian Natural Resources shares last traded at $45.54, with a volume of 829,529 shares changing hands.

Wall Street Analysts Forecast Growth

CNQ has been the topic of a number of recent analyst reports. Scotiabank upgraded Canadian Natural Resources to a “hold” rating in a research note on Friday, June 26th. Zacks Research upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 21st. Desjardins raised shares of Canadian Natural Resources to a “hold” rating in a research note on Thursday, July 16th. Weiss Ratings lowered shares of Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. Finally, Raymond James Financial raised shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Natural Resources currently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

View Our Latest Stock Analysis on CNQ

Canadian Natural Resources Stock Down 2.7%

The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.68 and a current ratio of 0.98. The company has a fifty day simple moving average of $43.96 and a two-hundred day simple moving average of $43.28. The firm has a market capitalization of $93.82 billion, a PE ratio of 13.47 and a beta of 0.47.

Canadian Natural Resources (NYSE:CNQ – Get Free Report) (TSE:CNQ) last announced its quarterly earnings results on Thursday, May 7th. The oil and gas producer reported $0.85 EPS for the quarter, beating the consensus estimate of $0.74 by $0.11. Canadian Natural Resources had a return on equity of 17.49% and a net margin of 22.04%.The firm had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.57 billion. During the same quarter last year, the firm posted $1.16 earnings per share. Analysts forecast that Canadian Natural Resources Limited will post 3.89 EPS for the current fiscal year.

Canadian Natural Resources Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.625 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $2.50 dividend on an annualized basis and a yield of 5.5%. Canadian Natural Resources’s dividend payout ratio (DPR) is 54.03%.

Hedge Funds Weigh In On Canadian Natural Resources

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Personal CFO Solutions LLC increased its holdings in Canadian Natural Resources by 1.7% during the first quarter. Personal CFO Solutions LLC now owns 15,199 shares of the oil and gas producer’s stock valued at $747,000 after buying an additional 251 shares during the period. Ted Buchan & Co lifted its position in Canadian Natural Resources by 0.6% during the fourth quarter. Ted Buchan & Co now owns 43,814 shares of the oil and gas producer’s stock valued at $1,483,000 after acquiring an additional 260 shares during the last quarter. FDx Advisors Inc. lifted its position in Canadian Natural Resources by 2.7% during the fourth quarter. FDx Advisors Inc. now owns 10,312 shares of the oil and gas producer’s stock valued at $349,000 after acquiring an additional 270 shares during the last quarter. Peak Financial Advisors LLC boosted its stake in Canadian Natural Resources by 0.3% in the first quarter. Peak Financial Advisors LLC now owns 93,840 shares of the oil and gas producer’s stock valued at $4,573,000 after acquiring an additional 290 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its stake in Canadian Natural Resources by 15.4% in the second quarter. CoreCap Advisors LLC now owns 2,202 shares of the oil and gas producer’s stock valued at $87,000 after acquiring an additional 294 shares in the last quarter. 74.03% of the stock is currently owned by institutional investors.

Canadian Natural Resources Company Profile

(Get Free Report)

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.