CNQ vs. TRGP: Canadian Natural Resources vs. Targa Resources Stock Comparison
How do Canadian Natural Resources (CNQ) and Targa Resources (TRGP) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Canadian Natural Resources (CNQ) and Targa Resources (TRGP) both belong to the Oil, Gas & Consumable Fuels industry, though CNQ is classified under Oil & Gas Exploration & Production while TRGP falls under Oil & Gas Storage & Transportation.
| Profile Item | CNQ | TRGP |
|---|---|---|
| Name | Canadian Natural Resources Ltd. | Targa Resources Corp. |
| Country/Region | Canada | United States |
| GICS Sector | Energy | Energy |
| GICS Industry Group | Energy | Energy |
| GICS Industry | Oil, Gas & Consumable Fuels | Oil, Gas & Consumable Fuels |
| GICS Sub-Industry | Oil & Gas Exploration & Production | Oil & Gas Storage & Transportation |
| Market Capitalization | 98.81 billion USD | 56.77 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | July 31, 2000 | December 7, 2010 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CNQ | TRGP |
|---|---|---|
| Total Return (1Y) | 56.47% | 61.02% |
| Total Return (3Y, Annualized) | 19.27% | 51.25% |
| Total Return (5Y, Annualized) | 23.01% | 39.54% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | CNQ | TRGP |
|---|---|---|
| Volatility (1Y, Annualized) | 32.07% | 29.62% |
| Beta (5Y) | 0.48 | 0.79 |
| Max Drawdown (5Y) | -35.85% | -31.61% |
| Avg. Volume (3M) | 6.32M | 1.21M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CNQ | TRGP |
|---|---|---|
| Sharpe Ratio (1Y) | 1.63 | 1.92 |
| Sortino Ratio (1Y) | 2.31 | 2.91 |
Profitability
ROE (TTM)
Both companies show strong equity returns, but Targa Resources (TRGP) at 73.42% is the standout with ROE above its industry range; Canadian Natural Resources (CNQ) at 32.39% also sits in the top quartile.
CNQ
Energy industry group
32.39%
- Max
- 53.85%
- CNQ
- 32.39%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
TRGP
Energy industry group
73.42%
- TRGP
- 73.42%
- Max
- 53.85%
- Q3
- 24.79%
- Median
- 12.85%
- Q1
- 2.03%
- Min
- -29.09%
Net Margin (TTM)
Canadian Natural Resources (CNQ) at 29.51% retains a top-quartile share of revenue as profit, ahead of Targa Resources (TRGP) at 13.46%, which keeps about the industry-typical share.
CNQ
Energy industry group
29.51%
- Max
- 56.92%
- CNQ
- 29.51%
- Q3
- 22.92%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
TRGP
Energy industry group
13.46%
- Max
- 56.92%
- Q3
- 22.92%
- TRGP
- 13.46%
- Median
- 10.10%
- Q1
- 0.07%
- Min
- -27.38%
Operating Margin (TTM)
Both Canadian Natural Resources (CNQ) at 32.24% and Targa Resources (TRGP) at 19.58% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.
CNQ
Energy industry group
32.24%
- Max
- 71.31%
- Q3
- 33.75%
- CNQ
- 32.24%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
TRGP
Energy industry group
19.58%
- Max
- 71.31%
- Q3
- 33.75%
- TRGP
- 19.58%
- Median
- 18.73%
- Q1
- 6.94%
- Min
- -24.52%
Profitability Metrics
| Metric | CNQ | TRGP |
|---|---|---|
| ROE (TTM) | 32.39% | 73.42% |
| ROA (TTM) | 9.97% | 9.52% |
| Net Margin (TTM) | 29.51% | 13.46% |
| Operating Margin (TTM) | 32.24% | 19.58% |
| Gross Margin (TTM) | 52.92% | 41.82% |
Growth
Revenue Growth
Both Canadian Natural Resources (CNQ) at 6.40% and Targa Resources (TRGP) at 3.95% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Both Canadian Natural Resources (CNQ) at 81.05% and Targa Resources (TRGP) at 46.92% sit in the top peer quartile for EPS growth, so each is compounding per-share earnings faster than typical industry peers.
Growth Metrics
| Metric | CNQ | TRGP |
|---|---|---|
| Revenue Growth (YoY) | 6.40% | 3.95% |
| Revenue Growth (3Y CAGR) | -3.75% | -6.65% |
| EPS Growth (YoY) | 81.05% | 46.92% |
| EPS Growth (3Y CAGR) | 2.73% | 30.53% |
Financial Strength
Current Ratio (MRQ)
Canadian Natural Resources (CNQ) at 0.99 keeps current ratio within its industry’s typical mid-range, while Targa Resources (TRGP) at 0.74 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for TRGP.
CNQ
Energy industry group
0.99
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- CNQ
- 0.99
- Q1
- 0.88
- Min
- 0.24
TRGP
Energy industry group
0.74
- Max
- 3.64
- Q3
- 2.21
- Median
- 1.41
- Q1
- 0.88
- TRGP
- 0.74
- Min
- 0.24
Debt / Equity (MRQ)
Canadian Natural Resources (CNQ) at 0.42 is near its industry mid-range for debt-to-equity ratio, while Targa Resources (TRGP) at 5.01 sits above its benchmark range, pointing to a heavier debt load relative to equity.
CNQ
Energy industry group
0.42
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- CNQ
- 0.42
- Q1
- 0.30
- Min
- 0.00
TRGP
Energy industry group
5.01
- TRGP
- 5.01
- Max
- 1.75
- Q3
- 0.93
- Median
- 0.54
- Q1
- 0.30
- Min
- 0.00
Financial Strength Metrics
| Metric | CNQ | TRGP |
|---|---|---|
| Current Ratio (MRQ) | 0.99 | 0.74 |
| Debt / Equity (MRQ) | 0.42 | 5.01 |
| Net Debt / EBITDA | 0.67 | 3.38 |
Dividends
Dividend Yield (TTM)
Canadian Natural Resources (CNQ) at 5.03% delivers top-quartile income for its industry, while Targa Resources (TRGP) at 1.75% pays a more typical yield — both are credible income propositions, CNQ the richer one.
CNQ
Energy industry group
5.03%
- Max
- 8.57%
- CNQ
- 5.03%
- Q3
- 3.58%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
TRGP
Energy industry group
1.75%
- Max
- 8.57%
- Q3
- 3.58%
- TRGP
- 1.75%
- Median
- 1.71%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Canadian Natural Resources (CNQ) at 36.37% and Targa Resources (TRGP) at 39.82% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
CNQ
Energy industry group
36.37%
- Max
- 133.24%
- Q3
- 53.31%
- CNQ
- 36.37%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
TRGP
Energy industry group
39.82%
- Max
- 133.24%
- Q3
- 53.31%
- TRGP
- 39.82%
- Median
- 25.24%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CNQ | TRGP |
|---|---|---|
| Dividend Yield (TTM) | 5.03% | 1.75% |
| Dividend Payout Ratio (TTM) | 36.37% | 39.82% |
Valuation
P/E Ratio (TTM)
Canadian Natural Resources (CNQ) at 9.95 is near its industry’s usual P/E ratio, while Targa Resources (TRGP) at 23.42 sits in the richer quartile — TRGP needs stronger growth or earnings quality to justify the premium.
CNQ
Energy industry group
9.95
- Max
- 39.54
- Q3
- 21.72
- Median
- 12.19
- CNQ
- 9.95
- Q1
- 7.71
- Min
- 2.99
TRGP
Energy industry group
23.42
- Max
- 39.54
- TRGP
- 23.42
- Q3
- 21.72
- Median
- 12.19
- Q1
- 7.71
- Min
- 2.99
P/S Ratio (TTM)
Canadian Natural Resources (CNQ) at 2.06 is priced about in line with its industry on P/S ratio, while Targa Resources (TRGP) at 3.12 sits in the pricier quartile — TRGP costs more per dollar of sales.
CNQ
Energy industry group
2.06
- Max
- 5.40
- Q3
- 2.85
- CNQ
- 2.06
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
TRGP
Energy industry group
3.12
- Max
- 5.40
- TRGP
- 3.12
- Q3
- 2.85
- Median
- 1.69
- Q1
- 0.88
- Min
- 0.00
P/B Ratio (MRQ)
Both look rich against book: Canadian Natural Resources (CNQ) at 2.97 sits in the upper P/B ratio quartile, and Targa Resources (TRGP) at 14.87 prices even higher, above its industry range.
CNQ
Energy industry group
2.97
- Max
- 4.21
- CNQ
- 2.97
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
TRGP
Energy industry group
14.87
- TRGP
- 14.87
- Max
- 4.21
- Q3
- 2.38
- Median
- 1.51
- Q1
- 1.08
- Min
- 0.01
Valuation Metrics
| Metric | CNQ | TRGP |
|---|---|---|
| P/E Ratio (TTM) | 9.95 | 23.42 |
| P/S Ratio (TTM) | 2.06 | 3.12 |
| P/B Ratio (MRQ) | 2.97 | 14.87 |
| Free Cash Flow Yield (TTM) | 12.33% | 0.29% |