Canadian Natural Resources (CNQ) Stock Forecast & Price Target

$27.39 +0.21 (+0.77%)

As of 04/14/2025 03:58 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 6 Analyst Ratings

Sell
0

Hold
2

Buy
4

Based on 6 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 6 analysts, 2 have given a hold rating, and 4 have given a buy rating for CNQ.

Consensus Price Target

$63.00
130.01% Upside

According to the 6 analysts' twelve-month price targets for Canadian Natural Resources, the average price target is $63.00. The highest price target for CNQ is $63.00, while the lowest price target for CNQ is $63.00. The average price target represents a forecasted upside of 130.01% from the current price of $27.39.

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CNQ Analyst Ratings Over Time

Type	Current Forecast 4/15/24 to 4/15/25	1 Month Ago 3/16/24 to 3/16/25	3 Months Ago 1/16/24 to 1/15/25	1 Year Ago 4/16/23 to 4/15/24
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	2 Buy rating(s)	0 Buy rating(s)	2 Buy rating(s)
Hold	2 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$63.00	$63.00	N/A	$47.00
Forecasted Upside	130.01% Upside	114.26% Upside	N/A	21.23% Upside
Consensus Rating	Moderate Buy	Hold	Hold	Hold

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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	S&P 500
Consensus Rating Score	2.67	2.70	2.54
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	130.01% Upside	980.29% Upside	25.81% Upside
News Sentiment Rating	Positive News See Recent CNQ News	Positive News	Positive News

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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
4/9/2025	Raymond James 4 of 5 stars	M. Barth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform
3/27/2025	Royal Bank of Canada 4 of 5 stars	Greg Pardy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$63.00 ➝ $63.00	+101.30%
3/19/2025	Scotiabank 5 of 5 stars		Upgrade	Sector Perform ➝ Sector Outperform
3/7/2025	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Richardson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	In-Line ➝ Outperform
2/10/2025	Tudor Pickering Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Lambujon Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
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 ➝ Moderate Buy
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	Initiated Coverage	Peer Perform
1/11/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$50.50 ➝ $51.00	+57.16%
8/29/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperformer ➝ Outperformer	$45.00 ➝ $46.50	+45.97%
8/28/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$42.00 ➝ $47.00	+51.64%
8/4/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$40.00 ➝ $42.50	+38.37%
8/4/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Sector Perform
7/12/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 01:27 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 Tuesday, April 8, 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 stock is currently priced at $26.09, which is significantly lower than its 52-week high of $41.29, indicating potential for price appreciation.
Canadian Natural Resources Limited has recently increased its quarterly dividend to $0.4117 per share, reflecting a commitment to returning value to shareholders. This translates to an annualized dividend of $1.65, providing a dividend yield of 6.31%, which is attractive for income-focused investors.
The company has a strong market capitalization of $54.79 billion, indicating stability and the ability to invest in growth opportunities.
With a low debt-to-equity ratio of 0.21, Canadian Natural Resources Limited demonstrates financial stability, suggesting that it is less reliant on debt for financing, which can be a safer investment during economic downturns.
Analysts have a consensus rating of "Hold" with a price target of $63.00, suggesting that there is room for growth in the stock price based on future performance expectations.

Canadian Natural Resources
Bear Case

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

The stock has experienced a decline, trading down $0.49 recently, which may indicate weakness in market sentiment or operational challenges.
With a PE ratio of 10.13, the stock may be perceived as undervalued, but this could also suggest that investors are cautious about the company's future earnings potential.
The quick ratio of 0.53 and current ratio of 0.84 indicate that the company may face challenges in meeting short-term liabilities, which could raise concerns about liquidity.
The dividend payout ratio is currently at 77.88%, which means a significant portion of earnings is being paid out as dividends. This could limit the company's ability to reinvest in growth or manage unexpected expenses.
Recent analyst downgrades, such as Tudor Pickering's reduction from "strong-buy" to "hold," may signal a lack of confidence in the company's near-term performance.

CNQ Forecast - Frequently Asked Questions

: According to the research reports of 6 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian Natural Resources is $63.00, with a high forecast of $63.00 and a low forecast of $63.00.
: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 2 hold ratings and 4 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 130.01% based on their 12-month stock forecasts.
: Over the previous 90 days, Canadian Natural Resources's stock had 3 upgrades and 1 downgrade by analysts.
: Canadian Natural Resources has been rated by research analysts at Evercore ISI, Raymond James, Royal Bank of Canada, Scotiabank, and Tudor Pickering in the past 90 days.
: Analysts like Canadian Natural Resources less than other "energy" companies. The consensus rating score for Canadian Natural Resources is 2.67 while the average consensus rating score for "energy" companies is 2.70. Learn more on how CNQ compares to other companies.

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This page (NYSE:CNQ) was last updated on 4/15/2025 by MarketBeat.com Staff

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Canadian Natural Resources (CNQ) Stock Forecast & Price Target