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Canadian Natural Resources (CNQ) Stock Forecast & Price Target

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$31.12 +0.32 (+1.05%)
As of 01:15 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

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

Sell
0
Hold
3
Buy
3

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, 3 have given a hold rating, and 3 have given a buy rating for CNQ.

Consensus Price Target

$63.00
102.42% 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 102.42% from the current price of $31.12.
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CNQ Analyst Ratings Over Time

TypeCurrent Forecast
4/1/24 to 4/1/25
1 Month Ago
3/2/24 to 3/2/25
3 Months Ago
1/2/24 to 1/1/25
1 Year Ago
4/2/23 to 4/1/24
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
1 Buy rating(s)
0 Buy rating(s)
2 Buy rating(s)
Hold
3 Hold rating(s)
4 Hold rating(s)
4 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$62.00$51.00$47.00
Forecasted Upside102.42% Upside119.47% Upside65.21% Upside21.92% 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.
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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.
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Canadian Natural Resources Stock vs. The Competition

TypeCanadian Natural ResourcesEnergy CompaniesS&P 500
Consensus Rating Score
2.50
2.71
2.54
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside102.36% Upside2,591.24% Upside19.27% Upside
News Sentiment Rating
Positive News

See Recent CNQ News
Positive News
Positive News
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DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
3/27/2025Royal Bank of Canada
4 of 5 stars
Greg Pardy
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Reiterated RatingOutperform ➝ Outperform$63.00 ➝ $63.00+101.30%
3/19/2025Scotiabank
5 of 5 stars
 UpgradeSector Perform ➝ Sector Outperform
3/7/2025Raymond James
4 of 5 stars
 Reiterated RatingMarket Perform ➝ Market Perform
3/7/2025Evercore ISI
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S. Richardson
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UpgradeIn-Line ➝ Outperform
2/10/2025Tudor Pickering
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J. Lambujon
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DowngradeStrong-Buy ➝ Hold
10/8/2024Desjardins
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C. Macculloch
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UpgradeHold ➝ Moderate Buy
7/18/2024Wolfe Research
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D. Leggate
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Initiated CoveragePeer Perform
1/11/2024JPMorgan Chase & Co.
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 Boost TargetNeutral ➝ Neutral$50.50 ➝ $51.00+57.16%
8/29/2023CIBC
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 Boost TargetOutperformer ➝ Outperformer$45.00 ➝ $46.50+45.97%
8/28/2023Jefferies Financial Group
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 Boost TargetHold ➝ Hold$42.00 ➝ $47.00+51.64%
8/4/2023Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$40.00 ➝ $42.50+38.37%
8/4/2023National Bank Financial
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 DowngradeOutperform ➝ Sector Perform
7/12/2023UBS Group
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 Initiated CoverageBuy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 01:02 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 Sunday, March 30, 2025. Please send any questions or comments about these Canadian Natural Resources pros and cons to contact@marketbeat.com.

Canadian Natural Resources
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Canadian Natural Resources Limited:

  • The company recently increased its quarterly dividend to $0.4117 per share, reflecting a strong commitment to returning value to shareholders. This translates to an annualized dividend of $1.65, offering a dividend yield of 5.35%, which is attractive for income-focused investors.
  • Canadian Natural Resources Limited has a solid market capitalization of approximately $64.60 billion, indicating a stable and established presence in the oil and gas sector, which can provide a sense of security for investors.
  • The stock is currently trading at $30.33, which is significantly below its 52-week high of $41.29, suggesting potential for price appreciation as the market recovers.
  • The company maintains a low debt-to-equity ratio of 0.21, indicating a conservative approach to leverage and financial stability, which can be appealing to risk-averse investors.
  • Recent analyst upgrades, including a price target increase to $63.00 and multiple "outperform" ratings, suggest positive sentiment and potential for future growth in the stock price.

Canadian Natural Resources
Bear Case

red Wall Street bear icon

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

  • The stock has a beta of 1.48, indicating higher volatility compared to the market. This means that while there is potential for higher returns, there is also increased risk, which may not suit all investors.
  • Despite the recent dividend increase, the company's dividend payout ratio stands at 77.88%, which may raise concerns about sustainability, especially in fluctuating market conditions.
  • Analysts have issued mixed ratings, with four holding a "hold" rating, suggesting that there may not be strong enough confidence for aggressive buying at this time.
  • The current ratios (0.84 for current ratio and 0.53 for quick ratio) indicate that the company may face challenges in meeting short-term liabilities, which could be a red flag for potential investors.
  • With a recent trading down of 1.6%, there may be short-term bearish sentiment affecting the stock, which could deter new investors looking for immediate gains.

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 year. There are currently 3 hold ratings and 3 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 102.42% 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 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 2.50 while the average consensus rating score for "energy" companies is 2.71. Learn more on how CNQ compares to other companies.


This page (NYSE:CNQ) was last updated on 4/1/2025 by MarketBeat.com Staff
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