About Canadian Natural Resources Limited (CNQ)
Canadian Natural Resources Limited is a Oil & Gas E&P company operating in the Energy sector. The company is headquartered in Calgary, Canada. CNQ has been publicly traded since 1995, giving it 31+ years of trading history.
Canadian Natural Resources Limited (CNQ) has been publicly traded since 1995, making it a 31-year-old public company. It operates in the Oil & Gas E&P industry within the Energy sector. The company is headquartered in Calgary, Canada. With a market capitalization of C$139 billion, CNQ is a large established company.
CNQ trades on the Toronto Stock Exchange and is classified as a large-cap-cap stock with a market capitalization of approximately C$139 billion.
Key Statistics
- Current Price
- C$66.51
- Market Cap
- C$138.74B
- 52-Week High
- C$67.04
- 52-Week Low
- C$34.92
- Sector
- Energy
- Industry
- Oil & Gas E&P
CNQ Investment Performance
CNQ has gained 43.1% year-to-date in 2026. Over the past 5 years, a C$1,000 investment in CNQ would have grown to C$4,451, representing a 345.1% total return. Since its IPO in 1995, a C$1,000 investment would now be worth C$181,680.
C$1,000 Invested in Canadian Natural Resources Limited (CNQ)
How much would C$1,000 invested in CNQ be worth today?
What would C$1,000 invested in CNQ 1 year ago be worth today?
A C$1,000 investment in Canadian Natural Resources Limited (CNQ) in 2025 would be worth C$1,562 as of March 2026, representing a +56.2% total return.
What would C$1,000 invested in CNQ 3 years ago be worth today?
A C$1,000 investment in Canadian Natural Resources Limited (CNQ) in 2023 would be worth C$2,033 as of March 2026, representing a +103.3% total return.
What would C$1,000 invested in CNQ 5 years ago be worth today?
A C$1,000 investment in Canadian Natural Resources Limited (CNQ) in 2021 would be worth C$4,451 as of March 2026, representing a +345.1% total return.
What would C$1,000 invested in CNQ 10 years ago be worth today?
A C$1,000 investment in Canadian Natural Resources Limited (CNQ) in 2016 would be worth C$6,122 as of March 2026, representing a +512.2% total return.
What would C$1,000 invested in CNQ at IPO be worth today?
A C$1,000 investment in Canadian Natural Resources Limited (CNQ) at IPO would be worth C$181,680 as of March 2026, representing a +18068.0% total return.
Monthly Returns Heatmap
Over the past 31+ years (374 months), Canadian Natural Resources Limited (CNQ) has averaged a monthly return of +1.85% with a median return of +1.35%. The stock had 213 positive months (57%) and 159 negative months (43%). The best month in CNQ's history was November 2020 with a +39.8% return, while the worst was March 2020 at -42.0%. Historically, March tends to be the strongest month (averaging +5.5%), and June the weakest (-0.3%).
CNQ's longest winning streak was 10 consecutive months of gains, while its longest losing streak was 7 consecutive months of losses. The best full year was 2005 with a cumulative return of +92.6%, and the worst was 2008 at -26.0%.
Annual Returns
Over 31 years of trading history, Canadian Natural Resources Limited (CNQ) has delivered an average annual return of +21.39% with a median return of +17.65%. The compound annual growth rate (CAGR) is +16.10%. The stock posted gains in 22 years (71%) and losses in 9 years (29%).
CNQ's best year was 2005 with a +126.07% gain, while the worst was 2008 at -32.42%. The longest streak of consecutive positive years was 6, and the longest losing streak was 2 years. CNQ achieved double-digit gains (10%+) in 18 years. It suffered double-digit losses in 8 years.
| Year | Return | Start | End |
|---|---|---|---|
| 2026 | +43.06% | C$46.49 | C$66.51 |
| 2025 | +10.42% | C$42.10 | C$46.49 |
| 2024 | +7.11% | C$39.31 | C$42.10 |
| 2023 | +21.06% | C$32.47 | C$39.31 |
| 2022 | +52.92% | C$21.23 | C$32.47 |
| 2021 | +82.58% | C$11.63 | C$21.23 |
| 2020 | -20.61% | C$14.65 | C$11.63 |
| 2019 | +32.90% | C$11.02 | C$14.65 |
| 2018 | -24.12% | C$14.53 | C$11.02 |
| 2017 | +7.81% | C$13.47 | C$14.53 |
| 2016 | +45.07% | C$9.29 | C$13.47 |
| 2015 | -13.41% | C$10.73 | C$9.29 |
| 2014 | +2.15% | C$10.50 | C$10.73 |
| 2013 | +27.74% | C$8.22 | C$10.50 |
| 2012 | -23.88% | C$10.80 | C$8.22 |
| 2011 | -13.17% | C$12.44 | C$10.80 |
| 2010 | +17.65% | C$10.57 | C$12.44 |
| 2009 | +57.01% | C$6.73 | C$10.57 |
| 2008 | -32.42% | C$9.96 | C$6.73 |
| 2007 | +17.37% | C$8.49 | C$9.96 |
| 2006 | +8.42% | C$7.83 | C$8.49 |
| 2005 | +126.07% | C$3.46 | C$7.83 |
| 2004 | +58.31% | C$2.19 | C$3.46 |
| 2003 | +41.19% | C$1.55 | C$2.19 |
| 2002 | +23.45% | C$1.26 | C$1.55 |
| 2001 | -7.07% | C$1.35 | C$1.26 |
| 2000 | +17.73% | C$1.15 | C$1.35 |
| 1999 | +53.26% | C$0.75 | C$1.15 |
| 1998 | -24.84% | C$1.00 | C$0.75 |
| 1997 | -18.62% | C$1.22 | C$1.00 |
| 1996 | +88.00% | C$0.65 | C$1.22 |
CNQ Investment Analysis: Valuation, Risk & Dividends
Key factors to consider when evaluating Canadian Natural Resources Limited as an investment
Valuation
CNQ currently trades at a trailing P/E ratio of 12.9, which is considered low relative to the broader market. The forward P/E of 19.4 suggests analysts expect earnings to be higher in the coming year. The price-to-book ratio stands at 3.1. The price-to-sales ratio is 3.6.
Dividends
Canadian Natural Resources Limited pays a dividend to shareholders with a current yield of 3.76%. This translates to C$2.50 per share annually. The payout ratio of 46% indicates sustainable dividend coverage.
Risk & Volatility
CNQ has a beta of 1.06, indicating it is slightly more volatile than the overall market. The stock's 52-week range is C$34.92 to C$67.04, and it currently trades near its 52-week high.
Analyst Ratings
Based on 21 analyst opinions, CNQ has a consensus "buy" rating. The average price target of C$57.33 suggests 13.8% downside from current levels.
Frequently Asked Questions: CNQ
What sector is CNQ in? ▼
CNQ operates in the Energy sector, specifically in the Oil & Gas E&P industry.
How has CNQ performed historically? ▼
Over 31 years of trading history, CNQ has posted gains in 22 years (71% of the time). The best year was 2005 with a +126.1% return. Past performance does not guarantee future results.
How can I invest in CNQ? ▼
You can invest in CNQ through any brokerage account that offers access to the Toronto Stock Exchange. Popular options include commission-free brokers like Fidelity, Charles Schwab, or Robinhood (US), or international brokers like Interactive Brokers. You can buy individual shares or invest through ETFs that hold CNQ.
Does CNQ pay dividends? ▼
Canadian Natural Resources Limited pays a dividend to shareholders with a current yield of 3.76%. This translates to C$2.50 per share annually. The payout ratio of 46% indicates sustainable dividend coverage.
What does Canadian Natural Resources Limited do? ▼
Canadian Natural Resources Limited is a Oil & Gas E&P company operating in the Energy sector. The company is headquartered in Calgary, Canada.
What sector is CNQ in? ▼
CNQ operates in the Energy sector, specifically in the Oil & Gas E&P industry.
When did CNQ go public? ▼
Canadian Natural Resources Limited went public in 1995, making it a 31-year-old public company as of 2026.
How much would C$1,000 invested in CNQ 5 years ago be worth today? ▼
A C$1,000 investment in CNQ five years ago would be worth approximately C$4,451 today, representing a 345.1% return.
How much would C$1,000 invested in CNQ 10 years ago be worth today? ▼
A C$1,000 investment in CNQ ten years ago would be worth approximately C$6,122 today, representing a 512.2% total return over the decade.
What is CNQ's 3-year return? ▼
Over the past 3 years, CNQ has returned 103.3%. A C$1,000 investment would have grown to C$2,033.
How much would C$1,000 invested in CNQ at IPO be worth today? ▼
If you invested C$1,000 in CNQ at its IPO in 1995, it would be worth approximately C$181,680 today, a 18,068.0% return over 31 years.
Does CNQ pay dividends? ▼
Yes, Canadian Natural Resources Limited pays a dividend with a current yield of 3.76%, which is C$2.5 per share annually.
What is CNQ's market cap? ▼
Canadian Natural Resources Limited has a market capitalization of C$139 billion, classifying it as a large-cap company.
What is CNQ's P/E ratio? ▼
CNQ has a trailing P/E ratio of 12.9 and a forward P/E of 19.4, which measures how much investors are paying per dollar of earnings.
Is CNQ a buy, hold, or sell? ▼
Based on 21 opinions, CNQ has a consensus "buy" rating. The average price target is C$57.33.
Last updated: 3/15/2026