Canadian Natural Resources (CNQ) Stock Forecast & Price Target

C$85.87

-4.35 (-4.82%)

(As of 12:51 PM ET)

Compare

Today's Range: C$85.87
▼
C$89.75
50-Day Range: C$82.70
▼
C$93.29
52-Week Range: C$67.13
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C$93.44

Volume: 2.51 million shs
Average Volume: 6.57 million shs
Market Capitalization: C$93.60 billion

P/E Ratio: 13.27
Dividend Yield: 4.66%
Price Target: C$94.18

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines Insider Trades

Canadian Natural Resources Consensus Analyst Rating and Stock Price Forecast (2024)

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.

Analysts' Consensus Rating

Moderate Buy
Based on 11 Analyst Ratings

Analysts' Consensus Price Target

C$94.18
9.67% Upside

High Forecast	C$106.00
Average Forecast	C$94.18
Low Forecast	C$82.00

Type	Current Forecast 12/6/22 to 12/6/23	1 Month Ago 11/6/22 to 11/6/23	3 Months Ago 9/7/22 to 9/7/23	1 Year Ago 12/6/21 to 12/6/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)	10 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$94.18	C$94.33	C$90.35	C$85.42
Predicted Upside	9.67% Upside	11.08% Upside	13.21% Upside	17.54% Upside

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CNQ Analyst Ratings 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	2.64	2.62
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News	Neutral News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/3/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$99.00 ➝ C$106.00	+14.13%
11/3/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$95.00 ➝ C$96.00	+3.36%
10/20/2023	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$90.00 ➝ C$100.00	+10.69%
10/16/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$86.00 ➝ C$90.00	-1.64%
10/16/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$95.00 ➝ C$105.00	+14.75%
10/16/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$93.00 ➝ C$95.00	+3.83%
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.
10/12/2023	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$90.00 ➝ C$100.00	+11.89%
10/12/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$90.00 ➝ C$101.00	+14.03%
9/18/2023	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$95.00 ➝ C$96.00	+10.48%
8/28/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$84.00 ➝ C$94.00	+13.51%
8/4/2023	Evercore Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	In-Line	C$88.00 ➝ C$90.00	+10.09%
7/12/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	C$90.00	+18.62%
4/6/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$93.00 ➝ C$90.00	+13.92%
3/27/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$90.00 ➝ C$87.00	+23.23%
3/14/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$92.00 ➝ C$94.00	+25.84%
3/3/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$76.00 ➝ C$82.00	+0.01%
1/16/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$87.00 ➝ C$85.00	+10.62%
1/12/2023	Stifel Firstegy Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Dunn Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:19 AM ET.

CNQ Price Target - Frequently Asked Questions

What is Canadian Natural Resources's consensus rating and price target?: According to the issued ratings of 11 analysts in the last year, the consensus rating for Canadian Natural Resources stock is Moderate Buy based on the current 4 hold ratings and 7 buy ratings for CNQ. The average twelve-month price prediction for Canadian Natural Resources is C$94.18 with a high price target of C$106.00 and a low price target of C$82.00. Learn more on CNQ's analyst rating history.
Do Wall Street analysts like Canadian Natural Resources more than its competitors?: Analysts like Canadian Natural Resources more than other Energy companies. The consensus rating score for Canadian Natural Resources is 2.64 while the average consensus rating score for energy companies is 2.62. Learn more on how CNQ compares to other companies.
Does Canadian Natural Resources's stock price have much upside?: According to analysts, Canadian Natural Resources's stock has a predicted upside of 10.49% based on their 12-month stock forecasts.

What analysts cover Canadian Natural Resources?: Canadian Natural Resources has been rated by ATB Capital, BMO Capital Markets, CIBC, Desjardins, National Bank Financial, National Bankshares, Royal Bank of Canada, Scotiabank, and Stifel Nicolaus in the past 90 days.

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This page (TSE:CNQ) was last updated on 12/6/2023 by MarketBeat.com Staff

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