CNQ.TO Canadian Natural (TSX) C$58.02 close 23 Feb 2026: Most active, see Meyka
CNQ.TO stock closed at C$58.02 on 23 Feb 2026 after 13,466,696 shares traded, making Canadian Natural Resources Limited one of the TSX’s most active names for the session. The share price finished near the session high of C$58.82 and sits close to a one-year high of C$59.08, while the 50-day average is C$48.59 and the 200-day average is C$45.08. Today’s liquidity and narrow intraday range point to strong investor interest ahead of an earnings release and updated analyst views.
CNQ.TO stock intraday movers and volume
Canadian Natural Resources (CNQ.TO) traded with volume 13,466,696 versus an average volume of 16,582,049, showing heavy interest but slightly below average liquidity for a most active day. The stock opened at C$57.96, posted a day low of C$57.88 and a day high of C$58.82, and closed at C$58.02 on the TSX while the market is closed for the session. For details on recent institutional moves and filings see MarketBeat filing on position changes.
Technical snapshot for CNQ.TO stock
Technically CNQ.TO shows overbought signals: RSI 76.19, MACD 2.58 with a signal line at 2.20, and ADX 44.78 indicating a strong trend. Bollinger Bands sit at Upper 59.12 / Middle 53.40 / Lower 47.67, and the stock is trading above both the 50-day (C$48.59) and 200-day (C$45.08) moving averages, implying momentum but higher short-term pullback risk to the 50-day band. Traders should note MFI 74.35, which confirms strong buying pressure on this most active session.
Fundamentals and valuation of CNQ.TO stock
Canadian Natural Resources (CNQ.TO) has market capitalization C$120.86 billion, EPS C$3.17, and a P/E of 18.30, with a trailing dividend per share of C$2.35 and dividend yield 4.05%. Key ratios include Price/Book 2.96, EV/EBITDA 7.82, and Debt/Equity 0.43, while free cash flow yield stands near 6.75%. These metrics place CNQ.TO roughly in line with the Energy sector average P/B and below the sector average P/E of 22.54, supporting a value-oriented income case.
Meyka AI rates CNQ.TO with a score out of 100 and forecast
Meyka AI rates CNQ.TO with a score of 76.16 out of 100 (Grade B+, Suggestion: BUY). This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka AI’s forecast model projects a monthly price of C$54.87 and a yearly price of C$43.45. Versus the current close C$58.02, the monthly forecast implies -5.43% and the yearly forecast implies -25.10%. Forecasts are model-based projections and not guarantees.
Catalysts, analyst view and risks for CNQ.TO stock
Near-term catalysts include the earnings announcement scheduled for 05 Mar 2026 and ongoing commentary on heavy crude and oil sands pricing; Wall Street consensus remains mixed with an average price target near C$54.40 and a consensus rating of ‘Hold’. Recent filings and insider transactions have changed positioning for some institutional holders and insiders; see MarketBeat coverage of insider activity. Key risks are commodity-price swings, regulatory shifts in Canada, and project capex execution.
Trading takeaways and strategy for CNQ.TO stock
As a most active TSX name, CNQ.TO offers deep liquidity for tactical trades and dividend income for longer holds; consider a range-based approach. Conservative price target: C$50.00, base case: C$55.00, bull case: C$62.00 reflecting relative valuation and sector multiples. Stop-loss and position sizing should reflect the stock’s current overbought technicals and sector volatility, and investors should align CNQ.TO exposure with commodity views and portfolio income needs.
Final Thoughts
CNQ.TO stock closed the session at C$58.02 on 23 Feb 2026 as one of the TSX’s most active issues, driven by heavy volume and momentum indicators that read as overbought. Fundamentals show a solid cash flow profile, a P/E of 18.30, and a 4.05% dividend yield, supporting an income-oriented case. However, Meyka AI’s forecasts point to near-term downside pressure: the model projects C$54.87 monthly and C$43.45 yearly, implying -5.43% and -25.10% from today’s close; forecasts are model-based projections and not guarantees. Combine the grade (B+, BUY) with the model outlook: the stock may suit dividend-seeking investors who accept commodity risk, while traders should respect short-term technical overbought signals and set tight risk controls. Watch the 50-day moving average (C$48.59) and the upcoming earnings release on 05 Mar 2026 for directional cues. Meyka AI provides this as an AI-powered market analysis platform insight, not investment advice.
FAQs
What drove CNQ.TO stock to be most active today?
Heavy volume of 13,466,696 shares, proximity to a one-year high (C$59.08) and strong momentum indicators pushed CNQ.TO stock into the most active list today. Investor focus ahead of the 05 Mar 2026 earnings report also boosted trading activity.
How does CNQ.TO stock look technically right now?
Technicals are overbought: RSI 76.19, ADX 44.78, and price above the 50-day (C$48.59) and 200-day (C$45.08) averages. That signals strength but increases short-term pullback risk for CNQ.TO stock.
What is Meyka AI’s short-term forecast for CNQ.TO stock?
Meyka AI’s forecast model projects a monthly price of C$54.87, which implies -5.43% versus the current close C$58.02. Forecasts are model-based projections and not guarantees.
Should income investors consider CNQ.TO stock for dividends?
CNQ.TO offers a trailing dividend yield of 4.05% and steady cash flow, supporting income strategies. Investors should weigh payout ratio (~71%) and commodity risk before adding CNQ.TO stock to income portfolios.
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.