CNQ
Strong BuyPremium GrowerAI neutralCanadian Natural Resources Limited · Energy · Canada · $113.5B cap · $295.9M/day traded
$48.55 -0.8% · close 6 Nov · scored 7 Nov
Premium Grower: Strong business with the market behind it, priced at a premium.
As of 7 Nov 2026, MoatMap's StockRank for Canadian Natural Resources Limited (CNQ) is 83/100, ranked against 25,000+ stocks in 38 markets (Quality 75, Value 34, Momentum 72, each scored against its sector).
Does StockRank work? Each month we publish how each tenth of the ranking did, whichever way it went. See the record →
Canadian Natural Resources is one of the lowest-cost, longest-life oil producers in North America, with oil sands assets that decline very slowly and a policy of returning most free cash flow through dividends and buybacks (0.38% of shares repurchased in 90 days, with small insider buying). Brent near $100 generates large surplus cash. However, its earnings still move with the oil price, it has no pricing power of its own, and a sustained fall in crude as Gulf exports recover would cut returns sharply.
ABOUT CANADIAN NATURAL RESOURCES LIMITED
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Canadian Natural Resources Limited is a senior oil and natural gas production company with diversified operations in Western Canada, the UK North Sea, and Offshore Africa. The company possesses a massive, low-decline asset base in the Canadian oil sands, supported by extensive pipeline infrastructure that ensures low-cost, long-life production. It is one of the largest independent crude oil and natural gas producers in Canada.
FINANCIAL SUMMARY (USD)
Reported in CAD
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 38.1B | 30.3B | 30.3B | 31.6B | -6.0% | 32.0B | 39.8B | 35.7B | 6.7% |
| EPS | 3.71 | 2.79 | 2.10 | 3.70 | -0.1% | 4.07 | 6.78 | 6.46 | 32.6% |
| Shares | 2.2B | 2.1B | 2.1B | 2.1B | -5.6% | 2.1B | — | — | — |
| Debt | 8.4B | 8.2B | 13.1B | 12.1B | 12.8% | 14.4B | — | — | — |
| Equity | 28.2B | 30.1B | 27.5B | 32.4B | 4.8% | — | — | — | — |
| Op CF | 14.9B | 9.2B | 9.8B | 10.8B | -10.2% | 12.7B | — | — | — |
| Inv CF | -3.8B | -3.6B | -10.3B | -4.8B | — | — | — | — | — |
| Fin CF | -10.9B | -5.6B | -27.0M | -5.6B | — | — | — | — | — |
Above its 200-day average and 14% below its 52-week high.
Calmer than 69% of stocks we rank over the past year (volatility 32% a year).
How this is worked out
StockRank weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of CNQ are excluded.
| Ticker | Company | Mkt Cap | StockRank | Signal |
|---|---|---|---|---|
| CNQ | Canadian Natural Resources Limited(you) | $113.5B | 83 | Strong Buy |
| COP | ConocoPhillips | $181.2B | 85 | Strong Buy |
| EOG | EOG Resources, Inc. | $85.5B | 92 | Strong Buy |
| OXY | Occidental Petroleum Corporation | $64.1B | 80 | Buy |
| 0883.HK | CNOOC Limited | $140.1B | 97 | Strong Buy |
| DVN | Devon Energy Corporation | $56.5B | 78 | Buy |
| FANG | Diamondback Energy, Inc. | $57.6B | 62 | Hold |
| EXE | Expand Energy Corporation | $21.6B | 80 | Buy |
| OVV | Ovintiv Inc. | $20.0B | 86 | Strong Buy |
| PR | Permian Resources Corporation | $21.3B | 88 | Strong Buy |
Peer medians: ROE 8.4% · P/E 14.6x · Gross margin 34.9%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.