C$44.28 CNQ.TO Canadian Natural (TSX) pre-market 08 Jan 2026: Volume watch
CNQ.TO stock trades at C$44.28 in the TSX pre-market on 08 Jan 2026, up 1.56% as volume runs at 29,698,845 shares. The move follows a string of beats on EPS and mixed revenue prints this fiscal year and keeps Canadian Natural Resources Limited in active rotation among energy names. We review valuation, recent quarterly results, technical setup and Meyka AI model forecasts to show where short-term traders and income investors may focus.
CNQ.TO stock: Pre-market snapshot
CNQ.TO stock opened pre-market at C$45.50 and trades at C$44.28, with a day low of C$43.05 and a day high of C$45.54. Market cap is C$88.28B, average volume is 17,106,667, and current volume is 29,698,845, giving a relative volume of 1.47.
We cite price context from MarketWatch and Seeking Alpha for live quotes and news coverage source source. Internal detail and charts are available on the Meyka CNQ profile for users tracking intraday setups Meyka CNQ profile.
CNQ.TO stock: Recent earnings and quarterly updates
Canadian Natural reported mixed quarterly results through 2025 with several beats on EPS. Latest results show EPS 0.869 versus estimate 0.782 for the quarter ending 2025-09-30, revenue C$9,630,836,117 vs estimate C$9,756,952,220. The company posted EPS 0.717 (2025-06-30) and EPS 1.12 (2025-03-31), reflecting steady cash generation.
The next official earnings announcement is set for 2026-02-26. We note CNQ.TO stock reaction historically tracks commodity price swings and refining/midstream realizations, so traders should watch commodity-driven guidance and realized crude differentials.
CNQ.TO stock: Valuation metrics and Meyka AI grade
Valuation is reasonable for the sector: trailing PE near 13.37, EPS 3.17, price/book 2.14 and dividend yield roughly 5.56% (TTM). Free cash flow yield is about 9.07%, payout ratio 55.82%, and net debt to EBITDA is 0.93x, showing moderate leverage.
Meyka AI rates CNQ.TO with a score out of 100: 80.75 (Grade A, Suggestion: BUY). This grade factors in S&P 500 comparison, sector performance, financial growth, key metrics, and analyst consensus. These grades are model outputs for informational purposes only and are not guaranteed; we are not financial advisors.
CNQ.TO stock: Technicals and trading activity
Short-term technicals show mild downside momentum with RSI 39.47 and MACD histogram -0.06, while the 50-day average (C$45.71) sits above the current price and the 200-day (C$43.53) sits below. Bollinger Band middle is C$45.46, giving a short-range trade band 42.45–48.48.
Volume indicators favor active trades: on-balance volume is negative but current session volume 29,698,845 vs avg 17,106,667 suggests retail and institutional activity. Traders should monitor RSI and the C$45.46 middle band for short-term bias flips.
CNQ.TO stock: Sector context and risks
Canadian Natural sits in the TSX Energy sector where average PE is about 19.68; CNQ.TO’s trailing PE near 13.37 is below the sector average, supporting a value-oriented view. Energy sector YTD performance is positive, but commodity price swings drive earnings volatility.
Key risks include oil price declines, widening heavy-light spreads for Canadian crude, regulatory/royalty changes in Canada, and capital allocation shifts. CNQ.TO stock remains exposed to cyclical swings and global demand trends.
CNQ.TO stock: Price forecasts and targets
Meyka AI’s forecast model projects monthly C$45.14, quarterly C$45.81, and yearly C$40.59. Versus the current C$44.28, the model implies a short-term upside of 1.93% to the monthly target and an implied 12‑month downside of -8.35% to the yearly projection.
Price targets framed for traders: short-term target C$45.81 (model), conservative 12‑month target C$40.59 (model), bull case near the year high C$49.20, and multi-year support case around C$36.58 (3‑year model). Forecasts are model-based projections and not guarantees.
Final Thoughts
Key takeaways for CNQ.TO stock: the pre-market price sits at C$44.28 on TSX with above-average volume, marking the name as most active in early trade. Fundamentals show a trailing PE of 13.37, EPS 3.17, and a dividend yield around 5.56%, supported by strong free cash flow and a net debt to EBITDA near 0.93x. Meyka AI’s model projects a near-term target of C$45.81 (+3.45%) and a 12‑month model level of C$40.59 (-8.35%). Traders should weigh the income appeal of the yield against cyclicality tied to oil prices and Canadian heavy crude differentials. Use technical triggers—RSI near 39.47 and the C$45.46 Bollinger mid—to time entries. Meyka AI-powered market analysis platform provides the grade and model forecasts shown here; forecasts are model-based projections and not guarantees. For active traders, CNQ.TO stock offers short-term trading setups while longer-term investors should monitor commodity trends and upcoming earnings on 2026-02-26.
FAQs
What is the current price and volume for CNQ.TO stock?
CNQ.TO stock trades at C$44.28 in the TSX pre-market with volume at 29,698,845 shares versus an average volume of 17,106,667. These figures indicate elevated activity in early trading.
How does CNQ.TO stock value compare to the energy sector?
CNQ.TO stock’s trailing PE of 13.37 is below the sector average near 19.68, suggesting relative value. Free cash flow yield (~9.07%) and dividend yield (~5.56%) support an income-oriented valuation view.
What are the short-term and 12‑month forecasts for CNQ.TO stock?
Meyka AI’s forecast model projects a monthly target of C$45.14 and quarterly C$45.81 (short-term upside ~1.93%). The 12‑month model level is C$40.59 (implied -8.35%). Forecasts are model-based projections and not guarantees.
When is the next CNQ.TO earnings announcement?
Canadian Natural’s next earnings announcement is scheduled for 2026-02-26. Traders should watch realized pricing and guidance that typically drive short-term moves in CNQ.TO stock.
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.
