Canadian Natural Resources (CNQ) Stock Forecast & Price Target

$45.81 +0.91 (+2.03%)

Closing price 07/22/2026 03:59 PM Eastern

Extended Trading

$46.14 +0.33 (+0.73%)

As of 04:36 AM Eastern

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

Consensus Rating

Moderate Buy

Based on 11 Analyst Ratings

Sell
0

Hold
5

Buy
6

Based on 11 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 11 analysts, 5 have given a hold rating, and 6 have given a buy rating for CNQ.

Consensus Price Target

$57.00
24.42% Upside

According to the 11 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 24.42% from the current price of $45.81.

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

Type	Current Forecast 7/23/25 to 7/23/26	1 Month Ago 6/23/25 to 6/23/26	3 Months Ago 4/24/25 to 4/24/26	1 Year Ago 7/23/24 to 7/23/25
Strong Buy	0 Strong Buy rating(s)	0 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	5 Hold rating(s)	5 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	$57.00	$63.00
Forecasted Upside	24.42% Upside	39.02% Upside	28.29% Upside	100.68% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate 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.

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	Broader Market
Consensus Rating Score	2.55	2.39	2.52
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	24.42% Upside	52.04% Upside	14.54% 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

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
7/16/2026	Desjardins 4 of 5 stars		Upgrade	Hold
6/26/2026	Scotiabank 4 of 5 stars		Upgrade	Hold
6/8/2026	Zacks Research Not Rated		Downgrade	Strong-Buy ➝ Hold
5/11/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy (B) ➝ Buy (B-)
5/7/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
3/12/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Neil Mehta Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$37.00 ➝ $49.00	+0.96%
3/6/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Greg Pardy Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$61.00 ➝ $65.00	+42.70%
3/5/2026	ATB Cormark Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Moderate Buy
1/6/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Outperform ➝ In-Line
10/16/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
Get the Latest News and Ratings for CNQ and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Canadian Natural Resources and its competitors with MarketBeat's FREE daily newsletter.
9/30/2025	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
7/17/2025	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Sector Perform
2/10/2025	Tudor Pickering Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	J. Lambujon Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 04:54 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 Sunday, July 19, 2026. 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 $51, which is significantly below its 52-week high, indicating potential for price appreciation.
The company recently reported earnings per share (EPS) of $0.85, exceeding analysts' expectations, which reflects strong financial performance.
Canadian Natural Resources Limited has a solid return on equity of approximately 17.49%, suggesting effective management and profitability relative to shareholder equity.
The company has a history of increasing dividends, with a recent quarterly dividend of $0.4269, which provides a steady income stream for investors.
Analysts have a consensus rating of "Moderate Buy" for the stock, indicating positive sentiment and potential for future growth.

Canadian Natural Resources
Bear Case

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

The company reported a decline in EPS compared to the same quarter last year, which may raise concerns about its growth trajectory.
Revenue for the latest quarter was below analysts' expectations, which could indicate challenges in meeting market demands.
Despite a strong return on equity, the net margin of 22.04% suggests that there may be pressures on profitability.
Market volatility in the oil and gas sector can impact stock performance, making it a riskier investment in uncertain economic conditions.
High institutional ownership (over 74%) may lead to less volatility, but it can also mean that the stock is heavily influenced by institutional trading decisions.

CNQ Forecast - Frequently Asked Questions

According to the research reports of 11 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.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 5 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 24.42% 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 Desjardins, 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 7/23/2026 by MarketBeat.com Staff.

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Canadian Natural Resources (CNQ) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

CNQ Analyst Ratings Over Time

CNQ Analyst Recommendations By Month

CNQ Price Targets by Month

Canadian Natural Resources Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

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

Canadian Natural Resources
Bull Case

Canadian Natural Resources
Bear Case

CNQ Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Canadian Natural Resources Recommendations

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Canadian Natural Resources (CNQ) Stock Forecast & Price Target

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

Consensus Rating

Consensus Price Target

CNQ Analyst Ratings Over Time

CNQ Analyst Recommendations By Month

CNQ Price Targets by Month

Canadian Natural Resources Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

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

Canadian Natural Resources Bull Case

Canadian Natural Resources Bear Case

CNQ Forecast - Frequently Asked Questions

What is Canadian Natural Resources' forecast for 2026?

Should I buy or sell Canadian Natural Resources stock right now?

Does Canadian Natural Resources's stock price have much upside?

Has Canadian Natural Resources been upgraded or downgraded by Wall Street analysts recently?

What analysts cover Canadian Natural Resources?

Do Wall Street analysts like Canadian Natural Resources more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With Canadian Natural Resources Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

Canadian Natural Resources
Bull Case

Canadian Natural Resources
Bear Case