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Canadian Natural Resources (CNQ) Stock Forecast & Price Target

Canadian Natural Resources logo
$39.66 +0.74 (+1.89%)
As of 04:00 PM Eastern
This is a fair market value price provided by Massive. Learn more.
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Canadian Natural Resources - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy
Based on 12 Analyst Ratings
Sell
0
Hold
6
Buy
6

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, 6 have given a hold rating, and 6 have given a buy rating for CNQ.

Consensus Price Target

$57.00
43.81% 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 43.81% from the current price of $39.64.
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.
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CNQ Analyst Ratings Over Time

TypeCurrent Forecast
7/2/25 to 7/2/26		1 Month Ago
6/2/25 to 6/2/26		3 Months Ago
4/3/25 to 4/3/26		1 Year Ago
7/2/24 to 7/2/25
Strong Buy
0 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
4 Buy rating(s)
Hold
6 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$57.00$57.00$57.00$63.00
Forecasted Upside43.81% Upside20.64% Upside20.02% Upside94.38% 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.
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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
2.50
2.40
2.52
Consensus RatingModerate BuyHoldModerate Buy
Predicted Upside46.66% Upside58.05% Upside14.32% Upside
News Sentiment Rating
Positive News

See Recent CNQ News
Positive News
Positive News
Export
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside		Details
6/26/2026
Scotiabank logo
Scotiabank
4 of 5 stars
 UpgradeHold
6/8/2026
Zacks Research logo
Zacks Research
Not Rated
 DowngradeStrong-Buy ➝ Hold
5/11/2026
Weiss Ratings logo
Weiss Ratings
5 of 5 stars
 DowngradeBuy (B) ➝ Buy (B-)
5/7/2026
Raymond James Financial, Inc. logo
Raymond James Financial
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 UpgradeMarket Perform ➝ Outperform
3/12/2026
The Goldman Sachs Group, Inc. logo
The Goldman Sachs Group
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Neil Mehta
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Boost TargetBuy$37.00 ➝ $49.00+0.96%
3/6/2026
Royal Bank Of Canada logo
Royal Bank Of Canada
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Greg Pardy
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Boost TargetOutperform$61.00 ➝ $65.00+42.70%
3/5/2026
ATB Cormark Capital Markets logo
ATB Cormark Capital Markets
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 DowngradeStrong-Buy ➝ Moderate Buy
1/6/2026
Evercore Inc logo
Evercore
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 DowngradeOutperform ➝ In-Line
11/24/2025
Desjardins logo
Desjardins
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 DowngradeBuy ➝ Hold
10/16/2025
Wells Fargo & Company logo
Wells Fargo & Company
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 UpgradeHold
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9/30/2025
TD Securities logo
TD Securities
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 Reiterated RatingBuy
7/17/2025
National Bank Financial logo
National Bank Financial
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 Reiterated RatingSector Perform
2/10/2025
Tudor Pickering logo
Tudor Pickering
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J. Lambujon
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DowngradeStrong-Buy ➝ Hold
7/18/2024
Wolfe Research logo
Wolfe Research
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Doug Leggate
Doug Leggate
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Initiated CoveragePeer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:47 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 Wednesday, July 1, 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:

  • The company has a strong net margin, indicating efficient management and profitability, which can lead to higher returns for investors.
  • With a return on equity of 17.49%, Canadian Natural Resources Limited demonstrates effective use of shareholders' equity to generate profits, making it an attractive option for investors seeking growth.
  • The current stock price is around $40, which may present a favorable entry point for new investors looking to capitalize on potential future growth.
  • Canadian Natural Resources Limited has a solid dividend yield of approximately 5.5%, providing investors with a steady income stream in addition to potential capital appreciation.
  • The company is well-established in the oil and natural gas sector, with a diverse asset base that includes both conventional and unconventional resources, reducing risk through diversification.

Canadian Natural Resources
Bear Case

red Wall Street bear icon

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

  • The dividend payout ratio is currently at 54.63%, which may indicate that a significant portion of earnings is being distributed to shareholders, potentially limiting funds available for reinvestment in growth opportunities.
  • Fluctuations in oil and gas prices can significantly impact the company's profitability, making it vulnerable to market volatility and economic downturns.
  • As an independent exploration and production company, Canadian Natural Resources Limited may face challenges in scaling operations compared to larger competitors, which could affect its market position.
  • Investors may be concerned about environmental regulations and the shift towards renewable energy, which could impact the long-term viability of fossil fuel investments.
  • Recent earnings projections suggest a modest growth outlook, which may not meet the expectations of investors seeking aggressive growth opportunities.

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 analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CNQ shares.

According to analysts, Canadian Natural Resources's stock has a predicted upside of 43.81% based on their 12-month stock forecasts.

Over the previous 90 days, Canadian Natural Resources's stock had 4 upgrades and 2 downgrades by analysts.

Canadian Natural Resources has been rated by research analysts at Raymond James Financial, Scotiabank, 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.

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This page (NYSE:CNQ) was last updated on 7/2/2026 by MarketBeat.com Staff.
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