5 Undervalued Canadian Stocks to Buy Now

2. Canadian Natural Resources Limited (NYSE:CNQ)

PE Ratio: 8.12  

Canadian Natural Resources Limited (NYSE:CNQ) operates as an integrated oil and gas firm. The firm produces and sells crude oil, natural gas, and natural gas liquids. It is headquartered in Calgary and was founded in 1973. It employs over 9,000 people. It has over 10,528 million barrels of proven crude oil, bitumen, and natural gas liquids reserves, as well as total proved plus probable crude oil, bitumen, and natural gas liquid reserves of 13,271 MMbbl. It was formerly known as the AEX Minerals Corporation. 

Canadian Natural Resources Limited (NYSE:CNQ) has a rich dividend history stretching back two decades. In the past six years, the payouts have registered consistent growth. On May 5, the firm declared a quarterly dividend of C$0.75 per share, in line with previous. 

In earnings results for the first quarter of 2022, posted in early May, Canadian Natural Resources Limited (NYSE:CNQ) reported adjusted funds flow of C$5 billion, an increase of C$2.3 billion compared to the same period last year.