Free Trial
Your $100 Credit Is Waiting! Get MarketBeat All Access Today
  • 0Days
  • 0Hours
  • 0Minutes
  • 0Seconds
Lock In $149
Claim MarketBeat All Access Sale Promotion

Canadian Natural Resources (CNQ) Stock Forecast & Price Target

Canadian Natural Resources logo
$48.67 -0.02 (-0.04%)
Closing price 05/22/2026 03:59 PM Eastern
Extended Trading
$49.09 +0.42 (+0.86%)
As of 05/22/2026 07:58 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.

Canadian Natural Resources - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Sell
0
Hold
4
Buy
8

Based on 12 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 12 analysts, 4 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for CNQ.

Consensus Price Target

$57.00
17.12% Upside
According to the 12 analysts' twelve-month price targets for Canadian Natural Resources, the average price target is $57.00. The highest price target for CNQ is $65.00, while the lowest price target for CNQ is $49.00. The average price target represents a forecasted upside of 17.12% from the current price of $48.67.
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.
Get the Latest News and Ratings for CNQ and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Canadian Natural Resources and its competitors.

Sign Up
SMS is currently available in Australia, Belgium, Canada, France, Germany, Ireland, Italy, New Zealand, the Netherlands, Singapore, South Africa, Spain, Switzerland, the United Kingdom, and the United States. By entering your phone number and clicking the sign-up button, you agree to receive periodic text messages from MarketBeat at the phone number you submitted, including texts that may be sent using an automatic telephone dialing system. Message and data rates may apply. Message frequency will vary. Messages will consist of stock alerts, news stories, and partner advertisements/offers. Consent is not a condition of the purchase of any goods or services. Text HELP for help/customer support. Unsubscribe at any time by replying "STOP" to any text message that you receive from MarketBeat or by visiting our mailing preferences page. Read our full terms of service and privacy policy.

CNQ Analyst Ratings Over Time

TypeCurrent Forecast
5/23/25 to 5/23/26
1 Month Ago
4/23/25 to 4/23/26
3 Months Ago
2/22/25 to 2/22/26
1 Year Ago
5/23/24 to 5/23/25
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
Hold
4 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$57.00$57.00$48.50$63.00
Forecasted Upside17.12% Upside25.42% Upside14.41% Upside103.09% Upside
Consensus RatingModerate BuyModerate BuyHoldModerate Buy

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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Canadian Natural Resources Stock vs. The Competition

TypeCanadian Natural ResourcesEnergy CompaniesBroader Market
Consensus Rating Score
2.75
2.41
2.52
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside17.12% Upside31.45% Upside15.10% Upside
News Sentiment Rating
Positive News

See Recent CNQ News
Positive News
Positive News
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
5/20/2026
Scotiabank logo
Scotiabank
4 of 5 stars
 Reiterated RatingOutperform
5/11/2026 DowngradeBuy (B)Buy (B-)
5/7/2026 UpgradeMarket PerformOutperform
5/5/2026 UpgradeHoldStrong-Buy
3/12/2026Boost TargetBuy$37.00 ➝ $49.00+0.96%
3/6/2026Boost TargetOutperform$61.00 ➝ $65.00+42.70%
3/5/2026 DowngradeStrong-BuyModerate Buy
1/6/2026 DowngradeOutperformIn-Line
11/24/2025 DowngradeBuyHold
10/16/2025 UpgradeHold
9/30/2025 Reiterated RatingBuy
7/17/2025 Reiterated RatingSector Perform
2/10/2025DowngradeStrong-BuyHold
7/18/2024Initiated CoveragePeer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 03:20 AM 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 Thursday, May 21, 2026. Please send any questions or comments about these Canadian Natural Resources pros and cons to contact@marketbeat.com.

Canadian Natural Resources
Bull Case

green Wall Street bull icon

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

  • Canadian Natural Resources Limited recently reported earnings that exceeded analyst expectations, indicating strong operational performance which can lead to increased investor confidence.
  • The current stock price is around $44.52, which is significantly higher than its one-year low of $29.30, suggesting a positive trend in the stock's performance.
  • The company has a solid dividend yield of 5.6%, providing a reliable income stream for investors focused on cash returns.
  • Recent upgrades from analysts, including a shift to “outperform” from “market perform,” reflect growing confidence in the company's future prospects.
  • Canadian Natural Resources Limited has a manageable debt-to-equity ratio of 0.36, indicating a lower level of debt relative to equity, which can be a sign of financial stability.

Canadian Natural Resources
Bear Case

red Wall Street bear icon

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

  • Despite strong revenue growth, the company has reported softer profitability metrics compared to the previous year, which may raise concerns about its long-term profitability.
  • The stock has a beta of 0.47, indicating lower volatility compared to the market, which might not appeal to investors seeking high-risk, high-reward opportunities.
  • With a current ratio of 0.95, the company is slightly below the ideal threshold of 1, suggesting potential liquidity issues in meeting short-term obligations.
  • Analysts have noted that while earnings beat expectations, the overall sentiment may be tempered due to lower gross and operating profits year over year.
  • The market cap of $92.87 billion indicates a large company, which may limit growth potential compared to smaller, more agile firms in the sector.

CNQ Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian Natural Resources is $57.00, with a high forecast of $65.00 and a low forecast of $49.00.

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 4 hold ratings, 7 buy ratings and 1 strong buy rating 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 17.12% based on their 12-month stock forecasts.

Over the previous 90 days, Canadian Natural Resources's stock had 4 upgrades and 4 downgrades by analysts.

Canadian Natural Resources has been rated by research analysts at ATB Cormark Capital Markets, Raymond James Financial, Royal Bank Of Canada, Scotiabank, The Goldman Sachs Group, Weiss Ratings, and Zacks Research in the past 90 days.

Analysts like Canadian Natural Resources more than other "energy" companies. The consensus rating for Canadian Natural Resources is Moderate Buy while the average consensus rating for "energy" companies is Hold. Learn more on how CNQ compares to other companies.


This page (NYSE:CNQ) was last updated on 5/23/2026 by MarketBeat.com Staff.
From Our Partners