Canadian Natural Resources (CNQ) Stock Forecast & Price Target

C$43.47 +0.30 (+0.69%)

(As of 12/24/2024 01:21 PM ET)

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$71.94
65.49% Upside

According to the 15 analysts' twelve-month price targets for Canadian Natural Resources, the average price target is C$71.94. 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 65.49% from the current price of C$43.47.

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CNQ Analyst Ratings Over Time

Type	Current Forecast 12/27/23 to 12/26/24	1 Month Ago 11/27/23 to 11/26/24	3 Months Ago 9/28/23 to 9/27/24	1 Year Ago 12/27/22 to 12/27/23
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)	7 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	7 Hold rating(s)	8 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$71.94	C$74.31	C$86.06	C$95.12
Forecasted Upside	65.49% Upside	59.13% Upside	91.72% Upside	8.24% Upside
Consensus Rating	Moderate Buy	Hold	Hold	Moderate Buy

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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	2.81
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral 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
12/16/2024	Gerdes Energy Research 0 of 5 stars		Upgrade	Neutral ➝ Buy
12/13/2024	BMO Capital Markets 4 of 5 stars		Lower Target		C$60.00 ➝ C$58.00	+30.07%
12/9/2024	Wells Fargo & Company 3 of 5 stars		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	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$62.00 ➝ C$63.00	+32.72%
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%
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10/11/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$49.00 ➝ C$57.00	+9.72%
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%
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%
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 Thursday at 09:09 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 Wednesday, December 18, 2024. 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:

Strong Dividend Yield: Canadian Natural Resources Limited recently announced a quarterly dividend of $0.525 per share, translating to an annualized yield of 4.31%. This consistent dividend payment can provide a reliable income stream for investors.
Positive Analyst Ratings: Several analysts have recently upgraded their price targets for Canadian Natural Resources Limited, with estimates ranging from C$55.00 to C$63.00. This indicates strong market confidence in the company's future performance.
Robust Market Capitalization: The company has a market cap of C$103.75 billion, reflecting its significant presence in the oil and gas industry, which can be a sign of stability and growth potential.
Recent Stock Performance: As of the latest trading session, shares of Canadian Natural Resources Limited were priced at C$48.71, showing resilience in the market despite fluctuations in the oil sector.
Diverse Product Offering: The company produces a variety of crude oil types and natural gas liquids, which can help mitigate risks associated with price volatility in specific segments of the energy market.

Canadian Natural Resources
Bear Case

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

High Debt-to-Equity Ratio: The company has a debt-to-equity ratio of 29.64, which may indicate a higher level of financial risk. This could affect its ability to manage debt obligations during downturns in the market.
Current Ratio Below 1: With a current ratio of 0.88, Canadian Natural Resources Limited may face challenges in meeting its short-term liabilities, which could raise concerns about liquidity.
Stock Price Volatility: The stock has experienced a 12-month high of C$56.49 and a low of C$40.02, indicating significant price fluctuations that could pose risks for investors looking for stability.
Dependence on Oil Prices: As a company primarily involved in oil and gas production, Canadian Natural Resources Limited's performance is closely tied to global oil prices, which can be unpredictable and influenced by various geopolitical factors.
Market Competition: The oil and gas industry is highly competitive, and Canadian Natural Resources Limited faces challenges from both established players and new entrants, which could impact its market share and profitability.

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$71.94, with a high forecast of C$126.00 and a low forecast of C$50.00.
: 15 Wall Street 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 analysts is that investors should "moderate buy" CNQ shares.
: According to analysts, Canadian Natural Resources's stock has a predicted upside of 65.49% based on their 12-month stock forecasts.
: Over the previous 90 days, Canadian Natural Resources's stock had 2 upgrades and 1 downgrade by analysts.
: Canadian Natural Resources has been rated by research analysts at ATB Capital, BMO Capital Markets, CIBC, Desjardins, Gerdes Energy Research, Jefferies Financial Group, National Bankshares, Raymond James, Royal Bank of Canada, TD Securities, 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 2.81. Learn more on how CNQ compares to other companies.

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This page (TSE:CNQ) was last updated on 12/26/2024 by MarketBeat.com Staff

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Canadian Natural Resources (CNQ) Stock Forecast & Price Target