Canadian Natural Resources Limited (CNQ.TO) stock analysis

In our weekly check, Canadian Natural Resources Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 3, red flags: 3.

About Canadian Natural Resources Limited

Canadian Natural Resources Limited is an Energy company (Oil & Gas Exploration & Production) based in Canada, listed on TSX as CNQ.TO.

What our checks show for CNQ.TO

Red flags

• Analysts expect revenue to shrink about 3.2% a year.
• Revenue fell 1.6% a year over the last 3 years.
• The stock has fallen as much as 80% from a peak. Would you have held through that?

Warning signs

• Analysts expect earnings per share to shrink about 2.5% a year.
• Analysts expect the net margin to shrink by 2.3 points from today's 24.9%.
• Recovering from its deepest fall took about 1.7 years.

Strengths

• Net debt is only 0.6x a year of EBITDA: the balance sheet has room.
• Operating profit covers interest 17 times over.
• The net margin rose by 1.6 points over 5 years, to 24.9%.
• The gross margin is 35% and has risen by 2.9 points: pricing power is holding.
• Operating cash flow is 1.52x net profit: the profit arrives as real cash.
• The company keeps 24.9% of its revenue as net profit.

Next earnings report: 2026-11-05

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Questions

What grade does Canadian Natural Resources Limited (CNQ.TO) have?

In our weekly check, Canadian Natural Resources Limited is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 3, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of CNQ.TO stock?

This week's biggest flags for Canadian Natural Resources Limited: Weak revenue forecast, Weak revenue growth, Deep past fall. In total 6 of 25 checks show a warning or a red flag.

What does Canadian Natural Resources Limited do?

Canadian Natural Resources Limited is an Energy company (Oil & Gas Exploration & Production) based in Canada, listed on TSX as CNQ.TO.

When does Canadian Natural Resources Limited report earnings next?

The next earnings report is expected on 2026-11-05. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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