Canadian Natural Resources (CNQ) Stock Forecast & Price Target

$30.74 -0.41 (-1.32%)

Closing price 03:59 PM Eastern

Extended Trading

$31.00 +0.26 (+0.83%)

As of 06:13 PM Eastern

Canadian Natural Resources - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 6 Analyst Ratings

Sell
0

Hold
2

Buy
4

Based on 6 Wall Street analysts who have issued ratings for Canadian Natural Resources in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 6 analysts, 2 have given a hold rating, and 4 have given a buy rating for CNQ.

Consensus Price Target

$63.00
104.94% Upside

According to the 6 analysts' twelve-month price targets for Canadian Natural Resources, the average price target is $63.00. The highest price target for CNQ is $63.00, while the lowest price target for CNQ is $63.00. The average price target represents a forecasted upside of 104.94% from the current price of $30.74.

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CNQ Analyst Ratings Over Time

Type	Current Forecast 5/28/24 to 5/28/25	1 Month Ago 4/28/24 to 4/28/25	3 Months Ago 2/28/24 to 2/27/25	1 Year Ago 5/29/23 to 5/28/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$63.00	$63.00	$62.00	$47.00
Forecasted Upside	104.94% Upside	112.77% Upside	119.19% Upside	21.37% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold

CNQ Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CNQ Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Canadian Natural Resources Stock vs. The Competition

Type	Canadian Natural Resources	Energy Companies	S&P 500
Consensus Rating Score	2.67	2.69	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	102.25% Upside	984.30% Upside	14.19% Upside
News Sentiment Rating	Positive News See Recent CNQ News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
4/9/2025	Raymond James 4 of 5 stars	M. Barth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform
3/27/2025	Royal Bank of Canada 3 of 5 stars	Greg Pardy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$63.00 ➝ $63.00	+101.30%
3/19/2025	Scotiabank 5 of 5 stars		Upgrade	Sector Perform ➝ Sector Outperform
3/7/2025	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Richardson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	In-Line ➝ Outperform
2/10/2025	Tudor Pickering Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Lambujon Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
10/8/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Macculloch Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Moderate Buy
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Peer Perform
1/11/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$50.50 ➝ $51.00	+57.16%
8/29/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperformer ➝ Outperformer	$45.00 ➝ $46.50	+45.97%
8/28/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$42.00 ➝ $47.00	+51.64%
8/4/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$40.00 ➝ $42.50	+38.37%
8/4/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Sector Perform
7/12/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:44 PM ET.

Should I Buy Canadian Natural Resources Stock? CNQ Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, May 25, 2025. Please send any questions or comments about these Canadian Natural Resources pros and cons to contact@marketbeat.com.

Canadian Natural Resources
Bull Case

Here are some ways that investors could benefit from investing in Canadian Natural Resources Limited:

The current stock price is around $31, which may present a buying opportunity for investors looking for value in the energy sector.
Canadian Natural Resources Limited has recently increased its quarterly dividend to $0.4227, reflecting a commitment to returning value to shareholders, with an annualized yield of 5.45%.
The company reported earnings per share (EPS) of $0.81, exceeding analyst expectations, indicating strong financial performance and potential for future growth.
With a market capitalization of approximately $64.98 billion, Canadian Natural Resources Limited is a significant player in the oil and gas industry, providing stability and potential for long-term investment.
Analysts have a consensus rating of "Moderate Buy" for the stock, with a target price of $63, suggesting potential upside for investors.

Canadian Natural Resources
Bear Case

Investors should be bearish about investing in Canadian Natural Resources Limited for these reasons:

The company reported revenue of $6.96 billion, which fell short of analyst estimates, raising concerns about its ability to meet future growth expectations.
Despite a strong EPS performance, the year-over-year decline from $1.37 EPS indicates potential challenges in maintaining profitability.
The stock has a beta of 1.04, suggesting it is slightly more volatile than the market, which could pose risks for conservative investors.
With a debt-to-equity ratio of 0.21, while relatively low, any increase in debt levels could impact financial stability and investor confidence.
Market conditions in the oil and gas sector can be unpredictable, and fluctuations in commodity prices may adversely affect the company's performance.

CNQ Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian Natural Resources is $63.00, with a high forecast of $63.00 and a low forecast of $63.00.
: 6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CNQ shares.
: According to analysts, Canadian Natural Resources's stock has a predicted upside of 104.94% based on their 12-month stock forecasts.
: Over the previous 90 days, Canadian Natural Resources's stock had 3 upgrades by analysts.
: Canadian Natural Resources has been rated by research analysts at Evercore ISI, Raymond James, Royal Bank of Canada, and Scotiabank in the past 90 days.
: Analysts like Canadian Natural Resources less than other "energy" companies. The consensus rating score for Canadian Natural Resources is 2.67 while the average consensus rating score for "energy" companies is 2.69. Learn more on how CNQ compares to other companies.

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This page (NYSE:CNQ) was last updated on 5/28/2025 by MarketBeat.com Staff

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Canadian Natural Resources (CNQ) Stock Forecast & Price Target