CNQ.TO C$47.12 on 02 Jan 2026: heavy volume 15.80M signals active trader interest
We track Canadian Natural Resources Limited (CNQ.TO) stock after it closed on the TSX at CAD 47.12 on 02 Jan 2026 with 15,803,313.00 shares traded, making it one of the most active names on the Canadian exchange. Today’s move reflects mixed fundamentals: a trailing EPS of 3.17 and a price earnings ratio of 14.86, alongside a 4.97% dividend yield. In this note we unpack recent quarterly results, technical flow, valuation metrics and an outlook that includes Meyka AI’s model projection and price targets for investors watching the Energy sector in Canada.
Market snapshot and trading flow
Canadian Natural Resources Limited (CNQ.TO) closed at CAD 47.12, up 1.36% for the day, trading between a day low of CAD 45.50 and day high of CAD 47.33 with volume of 15,803,313.00 versus an average volume of 16,605,293.00. Market cap stood at CAD 98,155,999,615.00 and the stock sits above its 50-day average of CAD 45.57 and 200-day average of CAD 43.50, indicating short-term strength on the TSX in Canada.
Latest earnings and revenue drivers
CNQ.TO reported fiscal quarter results on 06 Nov 2025 with EPS of 0.87 versus an estimate of 0.78 and revenue of CAD 9,630,836,117.00 versus an estimate of CAD 9,756,952,220.00, a slight revenue miss but an EPS beat driven by margin improvements. Recent quarters show consistent production cash flow and free cash flow per share, and the next scheduled earnings announcement is 26 Feb 2026, which should be watched for guidance on capex and production plans.
Fundamentals and valuation
CNQ.TO posts a trailing EPS of 3.17 and a current P/E of 14.86. Key metrics include book value per share CAD 19.73, dividend per share CAD 2.35 and dividend yield 4.97%. Enterprise value to EBITDA is 6.31 and debt to equity sits at 0.41, showing moderate leverage. These ratios place CNQ.TO near sector averages for Energy while offering above-average yield relative to Canadian peers.
Technicals and investor flows
Technical indicators show RSI 59.69, MACD histogram 0.19 and ATR 1.01, signaling steady momentum without an extreme trend. Bollinger Bands are 42.81–48.80 and on-balance volume remains negative, suggesting distribution over longer intervals despite today’s active trading. Traders should note CCI 108.05 which flags short-term overbought conditions on the intraday timeframe.
Sector context and catalysts
The Energy sector on Canadian markets is up 1.50% today and has a 1-year gain of 11.06%, helping lift heavyweight producers like Canadian Natural. Key catalysts for CNQ.TO include global oil price moves, pipeline and export capacity updates, and quarterly production guidance. Investors weighing exposure should consider commodity cyclicality and how CNQ’s integrated assets and midstream stakes cushion price swings.
Meyka grade and analyst view
Meyka AI rates CNQ.TO with a score out of 100: 80.75 (Grade A, BUY). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Our assessment highlights solid free cash flow per share of 3.82 and an earnings yield near 6.72%, balanced against recent EPS growth deceleration. For additional market data see Yahoo Finance Canada and Nasdaq.
Final Thoughts
Key takeaways: CNQ.TO stock closed at CAD 47.12 on the TSX with heavy activity of 15,803,313.00 shares, a P/E of 14.86 and a 4.97% dividend yield that supports income-focused allocations. Recent quarter (06 Nov 2025) delivered EPS CAD 0.87 versus estimate CAD 0.78 while revenue of CAD 9,630,836,117.00 slightly missed expectations. Technically, the share sits above both its 50-day and 200-day averages with RSI 59.69, implying room to run but short-term overbought readings on intraday indicators. Meyka AI’s forecast model projects a 12-month target of CAD 42.31, implying downside of -10.21% versus today’s CAD 47.12; forecasts are model-based projections and not guarantees. For active traders we see a base case target near CAD 47.00, a conservative target at CAD 40.00 and a bullish scenario near CAD 55.00 driven by higher commodity prices or stronger production guidance. We use Meyka AI as an AI-powered market analysis platform to quantify trade-offs between yield, cash flow and commodity risk for CNQ.TO; this note is informational and not investment advice.
FAQs
Heavy trading (15,803,313.00 shares) and a modest price rise to CAD 47.12 reflect investor focus on quarterly EPS beats and sector momentum as the Energy sector gained 1.50% on the TSX. Watch upcoming guidance for further moves.
Canadian Natural offers dividend per share CAD 2.35 and a dividend yield of 4.97%, supported by free cash flow per share CAD 3.82. Yield is attractive, but investors should consider commodity cyclicality and a payout ratio near 55.82%.
CNQ.TO trades at a P/E of 14.86 with EV/EBITDA about 6.31 and debt to equity 0.41, roughly in line with large Canadian E&P peers while offering above-average yield and stronger cash conversion metrics.
Meyka AI’s forecast model projects a 12-month figure of CAD 42.31 versus current CAD 47.12, implying -10.21% downside. Forecasts are model outputs and not guarantees; monitor oil prices and next earnings on 26 Feb 2026.
Disclaimer:
Stock markets involve risks. This content is for informational purposes only. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.
