Canadian Natural Resources (CNQ) Stock Forecast & Price Target

C$42.66 -0.84 (-1.93%)

As of 02/21/2025 04:00 PM Eastern

Canadian Natural Resources - Analysts' Recommendations and Stock Price Forecast (2025)

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.

Consensus Rating

Moderate Buy

Based on 15 Analyst Ratings

Sell
0

Hold
7

Buy
8

Based on 15 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 15 analysts, 7 have given a hold rating, and 8 have given a buy rating for CNQ.

Consensus Price Target

C$71.44
67.46% Upside

According to the 15 analysts' twelve-month price targets for Canadian Natural Resources, the average price target is C$71.44. The highest price target for CNQ is C$126.00, while the lowest price target for CNQ is C$50.00. The average price target represents a forecasted upside of 67.46% from the current price of C$42.66.

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CNQ Analyst Ratings Over Time

Type	Current Forecast 2/24/24 to 2/23/25	1 Month Ago 1/25/24 to 1/24/25	3 Months Ago 11/26/23 to 11/25/24	1 Year Ago 2/24/23 to 2/24/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$71.44	C$71.44	C$74.31	C$94.69
Forecasted Upside	67.46% Upside	58.93% Upside	56.15% Upside	7.37% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	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	2.53	2.84
Consensus Rating	Moderate Buy	Moderate Buy
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 to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
2/10/2025	Tudor Pickering 5 of 5 stars	J. Lambujon Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
1/30/2025	Jefferies Financial Group 2 of 5 stars		Lower Target		C$54.00 ➝ C$50.00	+11.81%
1/14/2025	Royal Bank of Canada 4 of 5 stars		Lower Target		C$63.00 ➝ C$62.00	+37.41%
12/16/2024	Gerdes Energy Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
12/13/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$60.00 ➝ C$58.00	+30.07%
12/9/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$48.00 ➝ C$50.00	+8.01%
12/3/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	C$58.00	+20.71%
11/1/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Barth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Perform	C$50.00 ➝ C$51.00	+7.44%
10/9/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$57.50 ➝ C$59.00	+18.40%
10/8/2024	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$58.00 ➝ C$60.00	+21.19%
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.
10/8/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Macculloch Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	C$56.00 ➝ C$59.00	+19.17%
10/8/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$52.00 ➝ C$53.00	+7.05%
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
6/11/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	C$114.00 ➝ C$57.00	+16.54%
4/23/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$110.00 ➝ C$126.00	+20.31%
4/9/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$113.00 ➝ C$124.00	+12.78%
4/8/2024	Evercore Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$105.00 ➝ C$115.00	+5.42%
3/4/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$102.00 ➝ C$106.00	+10.07%
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%
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 08:40 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, February 16, 2025. 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 company has a strong consensus rating of "Moderate Buy" from analysts, indicating positive sentiment and potential for stock appreciation.
Recent price targets from analysts suggest significant upside potential, with an average target price of C$71.88, compared to the current stock price of C$44.33.
Canadian Natural Resources Limited has demonstrated solid earnings potential, with analysts forecasting earnings per share of approximately C$3.83 for the current year, reflecting strong profitability.
The company has a robust market capitalization of C$94.42 billion, which provides stability and resources for growth and investment opportunities.
Recent upgrades from multiple analysts, including a price target increase from CIBC and ATB Capital, suggest growing confidence in the company's future performance.

Canadian Natural Resources
Bear Case

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

The stock has experienced volatility, with a one-year high of C$56.49 and a low of C$40.02, indicating potential risks associated with price fluctuations.
Insider selling activity, such as the recent sale of 81,000 shares by a senior officer, may raise concerns about the company's outlook from those closest to its operations.
The company's current ratio of 0.88 suggests that it may have difficulty meeting short-term liabilities, which could impact financial stability.
With a debt-to-equity ratio of 29.64, the company is relatively leveraged, which could pose risks in a rising interest rate environment or economic downturn.
The stock's price-to-earnings (P/E) ratio of 12.63, while not excessively high, may indicate that the stock is fairly valued, limiting immediate upside potential compared to other investment opportunities.

CNQ Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian Natural Resources is C$71.44, with a high forecast of C$126.00 and a low forecast of C$50.00.
: 15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 7 hold ratings and 8 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 upside of 67.46% based on their 12-month stock forecasts.
: Over the previous 90 days, Canadian Natural Resources's stock had 1 upgrade and 1 downgrade by analysts.
: Canadian Natural Resources has been rated by research analysts at BMO Capital Markets, Gerdes Energy Research, Jefferies Financial Group, Royal Bank of Canada, TD Securities, Tudor Pickering, and Wells Fargo & Company in the past 90 days.
: Analysts like Canadian Natural Resources less than other "energy" companies. The consensus rating score for Canadian Natural Resources is 2.53 while the average consensus rating score for "energy" companies is 2.84. Learn more on how CNQ compares to other companies.

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This page (TSE:CNQ) was last updated on 2/23/2025 by MarketBeat.com Staff

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Canadian Natural Resources (CNQ) Stock Forecast & Price Target