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A Spotlight On Canadian Natural Resources Limited’s (TSE:CNQ) Fundamentals

Gavin Beck

Attractive stocks have exceptional fundamentals. In the case of Canadian Natural Resources Limited (TSE:CNQ), there’s is a notable dividend-paying company with a an impressive track record of delivering benchmark-beating performance. Below is a brief commentary on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, take a look at the report on Canadian Natural Resources here.

Established dividend payer with proven track record

Over the past year, CNQ has grown its earnings by 47%, with its most recent figure exceeding its annual average over the past five years. Not only did CNQ outperformed its past performance, its growth also surpassed the Oil and Gas industry expansion, which generated a 16% earnings growth. This is an optimistic signal for the future.

TSX:CNQ Income Statement Export December 21st 18

CNQ is also a dividend company, with ample net income to cover its dividend payout, which has been consistently growing over the past decade, keeping income investors happy.

TSX:CNQ Historical Dividend Yield December 21st 18

Next Steps:

For Canadian Natural Resources, I’ve compiled three key aspects you should further examine:

  1. Future Outlook: What are well-informed industry analysts predicting for CNQ’s future growth? Take a look at our free research report of analyst consensus for CNQ’s outlook.
  2. Financial Health: Are CNQ’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of CNQ? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.