Canadian Natural Resources Limited Common Stock (CNQ)

FairStock Score: 77/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

Canadian Natural is a large oil and gas producer with operations in Western Canada, the North Sea, and offshore Africa. In fiscal Q2 2026, it reported revenue of $17.2 billion and net income of $4.5 billion, a 26.16% net margin; that tells me the asset base can be very profitable when commodity prices cooperate. Scale and midstream assets are helpful, but E&P economics remain tied to commodity pricing. Financial health looks good: FairStock’s Piotroski F-Score is 9/9, debt-to-equity is 0.43, and trailing-twelve-month free cash flow is $9.8 billion, a 10.4% FCF yield. The 3.63% dividend yield is supported by that cash generation. Valuation is mixed. At the 2026-10-26 close of $55.11, FairStock shows P/E 13.71, P/B 3.41, EV/EBITDA 4.28, ROE 26.68%, and ROCE 7.91%. The Graham Number is $45.23, so the price is 21.73% above that benchmark. The Altman Z-Score of 2.03 is not a wide margin of safety. The provided growth numbers are strong, but the Lynch category is none because only 0 years of filed results are available under the rule, so I would want a longer record before calling the growth durable. I see a cash-generative, financially stronger cyclical producer selling at a fair-to-full price, not a classic Graham bargain.

In plain English: Canadian Natural Resources is an oil and gas producer operating in Western Canada, the North Sea and offshore Africa. The business looks financially strong, with $9.8 billion of cash generated after spending needs over the past year and a 3.63% dividend. At $55.11 on the 2026-10-26 close, the price looks reasonable against earnings and cash flow but not cheap by simple asset-value measures.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-26 close · note generated 2026-10-28 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer