Canadian Natural Resources (CNQ) Stock Forecast & Price Target

C$67.82 +0.70 (+1.04%)

As of 04:00 PM Eastern

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

Consensus Rating

Moderate Buy

Based on 13 Analyst Ratings

Sell
0

Hold
6

Buy
7

Based on 13 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 13 analysts, 6 have given a hold rating, and 7 have given a buy rating for CNQ.

Consensus Price Target

C$67.12
-1.04% Downside

According to the 13 analysts' twelve-month price targets for Canadian Natural Resources, the average price target is C$67.12. The highest price target for CNQ is C$90.00, while the lowest price target for CNQ is C$47.00. The average price target represents a forecasted downside of -1.04% from the current price of C$67.82.

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 9/24/25 to 9/24/26	1 Month Ago 8/25/25 to 8/25/26	3 Months Ago 6/26/25 to 6/26/26	1 Year Ago 9/24/24 to 9/24/25
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	8 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$67.12	C$65.65	C$63.73	C$54.75
Forecasted Upside	-1.04% Downside	-4.42% Downside	13.77% Upside	20.20% 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
Consensus Rating Score	2.54	2.45
Consensus Rating	Moderate Buy	Hold
News Sentiment Rating	Positive News See Recent CNQ 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
9/16/2026	Raymond James Financial 3 of 5 stars		Boost Target	Outperform	C$66.00 ➝ C$70.00	-0.81%
8/27/2026	Canadian Imperial Bank of Commerce 3 of 5 stars		Boost Target		C$70.00 ➝ C$75.00	+8.32%
8/12/2026	JPMorgan Chase & Co. 3 of 5 stars		Boost Target		C$67.00 ➝ C$75.00	+12.44%
8/7/2026	TD Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	C$72.00 ➝ C$73.00	+14.85%
8/7/2026	Scotia Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Sector Perform	C$71.00 ➝ C$73.00	+14.85%
7/17/2026	Desjardins Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target	Hold	C$70.00	+14.40%
7/15/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target		C$80.00 ➝ C$79.00	+31.97%
6/29/2026	Gerdes Energy Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Buy	C$67.00 ➝ C$69.00	+22.71%
6/26/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold
3/31/2026	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Sector Perform	C$59.00 ➝ C$90.00	+34.27%
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.
3/16/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		C$48.00 ➝ C$59.00	-11.70%
3/6/2026	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	C$51.00 ➝ C$64.00	+0.85%
3/6/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	C$50.00 ➝ C$70.00	+10.31%
3/6/2026	ATB Cormark Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Outperform	C$56.00 ➝ C$65.00	+2.43%
1/23/2026	Morgan Stanley Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target		C$51.00 ➝ C$50.00	+1.28%
1/6/2026	Evercore Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Outperform ➝ Hold	C$50.00	+15.34%
10/17/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Set Target	Equal Weight	C$47.00	+11.40%
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 07:58 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 Tuesday, September 22, 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:

Canadian Natural Resources Limited recently reported strong financial performance with an EPS of C$2.19 and revenue of C$14.74 billion for the quarter ended August 6, 2026, demonstrating robust cash generation and a net margin of 24.93%.
The stock is currently trading at $67.82, which is below the consensus price target of C$66.88 and recent individual targets such as Raymond James Financial's C$70.00, suggesting potential upside for investors.
Analysts have consistently raised their price targets and ratings, with the consensus rating improving to "Moderate Buy" and the average target price increasing from C$53.70 in January 2026 to C$66.88 in September 2026, reflecting growing confidence in the company's outlook.
Canadian Natural Resources Limited offers a dividend yield of 3.60%, providing a steady income stream for investors, which is attractive in the current market environment.
The company has a low beta of 0.32, indicating that its stock price is less volatile than the overall market, which can be appealing to risk-averse investors seeking stability.

Canadian Natural Resources
Bear Case

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

Canadian Natural Resources Limited experienced a decline in stock price on September 21, 2026, due to a broad pullback in oil prices, which weighed on energy shares and caused the stock to drop 3.1%.
The company's debt-to-equity ratio of 36.64 indicates a relatively high level of debt, which could be a concern for investors if interest rates rise or if the company faces financial difficulties.
Several institutional investors, including Capital Research Global Investors and Fisher Asset Management, have reduced their positions in Canadian Natural Resources Limited in Q2 2026, suggesting a lack of confidence from large investors.
The stock's current price of $67.82 is below its 52-week high of $72.35, indicating that the stock has not yet recovered to its peak levels and may face further downward pressure.
Canadian Natural Resources Limited's quick ratio of 0.54 suggests that the company may have limited liquidity to cover its short-term obligations, which could be a risk if the company faces unexpected expenses or cash flow issues.

CNQ Forecast - Frequently Asked Questions

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian Natural Resources is C$67.12, with a high forecast of C$90.00 and a low forecast of C$47.00.

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CNQ shares.

According to analysts, Canadian Natural Resources's stock has a predicted downside of -1.04% based on their 12-month stock forecasts.

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

Canadian Natural Resources has been rated by research analysts at Canadian Imperial Bank of Commerce, Desjardins, Gerdes Energy Research, JPMorgan Chase & Co., Raymond James Financial, Royal Bank Of Canada, Scotia, Scotiabank, and TD 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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MarketBeat monitors more than a dozen sources for Canadian Natural Resources analyst ratings, with the most recent rating issued on 9/16/2026.

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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 downside?

Has Canadian Natural Resources been upgraded 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