Canadian Natural (CNQ.TO, TSX) C$49.75 on 21 Jan 2026: heavy volume shows active trading
CNQ.TO stock closed at C$49.75 on 21 Jan 2026, up 4.47% on active trade. Volume reached 10,405,052 shares on the TSX in Canada, a clear sign of market interest. The move lifted CNQ.TO above its 50-day average of C$46.03 and 200-day average of C$43.61. Key fundamentals include EPS C$3.17 and PE 15.69, while the company carries a market cap near C$103.63B. We examine drivers, valuation, technicals, and Meyka AI’s view for CNQ.TO stock.
CNQ.TO stock: price, range and volume
Canadian Natural (CNQ.TO) closed at C$49.75, trading between C$48.10 and C$49.95 on 21 Jan 2026. The intraday high also set the 52-week peak at C$49.95, up from a 52-week low of C$34.92. Volume hit 10,405,052 shares versus an average volume of 17,213,895, showing elevated but not extreme participation.
This session lifted CNQ.TO above its 50-day moving average (C$46.03) and 200-day average (C$43.61), a constructive short-term technical sign for traders on the TSX.
CNQ.TO stock: recent news and drivers
Two themes drove interest in CNQ.TO stock today. First, dividend policy and yield drew attention after the company paid an annualized dividend of C$2.35 and a dividend yield near 4.72%. Second, institutional activity and analyst commentary kept headlines active, including filings showing position changes and mixed analyst price targets.
Earnings are scheduled for 26 Feb 2026, which will likely be the next major catalyst. For context on market coverage and filings, see major reports from industry outlets Seeking Alpha and recent institutional filings covered by MarketBeat.
CNQ.TO stock: fundamentals and valuation
Canadian Natural Resources reports EPS C$3.17 and a trailing PE of 15.69, cheaper than many energy peers. Market capitalization sits around C$103.63B. Key ratios include price to book 2.55, EV/EBITDA 6.85, and free cash flow yield near 7.86%.
Balance sheet and payouts show trade-offs. Debt to equity is 0.43, interest coverage at 16.86, and the payout ratio near 71.45%. The firm offers a strong free-cash-flow profile but a relatively high payout ratio, which raises dividend sustainability questions if commodity prices fall.
CNQ.TO stock: technicals and trading signals
Technically, CNQ.TO shows neutral momentum. RSI is 47.66, MACD histogram is -0.13, and ADX is 21.87, indicating no strong trend. The stock sits above both the 50-day and 200-day averages, supporting a near-term bullish bias.
Volatility measures show ATR C$1.29 and Bollinger Bands centered at C$44.84. On-balance volume is negative but the session’s heavy traded volume suggests short-term accumulation by active traders on the TSX.
Meyka AI grade and forecast for CNQ.TO stock
Meyka AI rates CNQ.TO with a score out of 100: 77.61 / B+ (BUY). This grade factors in S&P 500 comparison, sector performance, financial growth, key metrics, and analyst consensus. It reflects strong cash flow and ROE, offset by payout and some valuation flags.
Meyka AI’s forecast model projects: monthly C$43.37, quarterly C$44.70, and yearly C$40.93. Versus the current price of C$49.75, the model implies short-term downside of -12.82% (monthly), -10.15% (quarterly), and -17.74% (yearly). Forecasts are model-based projections and not guarantees. Meyka AI, an AI-powered market analysis platform, highlights the gap between long-term fundamentals and model price paths.
Final Thoughts
CNQ.TO stock closed the session at C$49.75 with 10,405,052 shares traded on the TSX in Canada, marking a clear most-active session for the name. Fundamentals remain solid: EPS C$3.17, PE 15.69, strong free cash flow yield 7.86%, and a sizable market cap near C$103.63B. The dividend yield near 4.72% supports income-driven demand, but the payout ratio above 70% keeps dividend risk on the radar. Technicals are neutral-to-positive as the stock sits above key moving averages, while volume suggests active accumulation by short-term traders. Meyka AI rates CNQ.TO 77.61 (B+, BUY) but its forecast model projects a one-year figure of C$40.93, implying -17.74% from today’s price. That gap underlines the difference between long-term fundamentals and short-term model scenarios. Investors should weigh yield, cash flow, and cyclicality in energy while watching upcoming earnings on 26 Feb 2026. Forecasts are model-based projections and not guarantees.
FAQs
What drove CNQ.TO stock higher today?
CNQ.TO stock rose on 21 Jan 2026 due to heavy volume, dividend focus, and institutional filings. Elevated trade (10,405,052 shares) pushed the price to C$49.75, above the 50-day average.
How does CNQ.TO stock look on valuation metrics?
CNQ.TO stock trades at PE 15.69, PB 2.55, and free cash flow yield 7.86%. Market cap is C$103.63B. These metrics suggest value relative to many energy peers.
What is Meyka AI’s outlook for CNQ.TO stock?
Meyka AI rates CNQ.TO 77.61 (B+, BUY) and projects yearly C$40.93, implying -17.74% versus C$49.75. The grade factors cash flow and sector metrics; forecasts are model-based and not guarantees.
When is the next earnings date for CNQ.TO stock?
Canadian Natural reports earnings on 26 Feb 2026. That release should be a primary catalyst for CNQ.TO stock price action and could alter guidance and dividend expectations.
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.
