What drove CNQ.TO’s activity today?

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.

Is CNQ.TO a good dividend play?

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%.

How does valuation compare to peers?

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.

What is Meyka AI’s short-term outlook for CNQ.TO?

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.

CA Stocks

CNQ.TO C$47.12 on 02 Jan 2026: heavy volume 15.80M signals active trader interest

ByHuzaifa Zahoor January 3, 2026January 3, 2026

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.