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Canadian Natural Resources (CNQ) Stock Forecast & Price Target

Canadian Natural Resources logo
C$44.15 +0.94 (+2.18%)
As of 09/15/2025 04:00 PM Eastern

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

Consensus Rating

Sell
0
Hold
3
Buy
9

Based on 12 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 12 analysts, 3 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for CNQ.

Consensus Price Target

C$54.75
24.01% Upside
According to the 12 analysts' twelve-month price targets for Canadian Natural Resources, the average price target is C$54.75. The highest price target for CNQ is C$62.00, while the lowest price target for CNQ is C$46.00. The average price target represents a forecasted upside of 24.01% from the current price of C$44.15.
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.
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CNQ Analyst Ratings Over Time

TypeCurrent Forecast
9/16/24 to 9/16/25
1 Month Ago
8/17/24 to 8/17/25
3 Months Ago
6/18/24 to 6/18/25
1 Year Ago
9/17/23 to 9/16/24
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
6 Buy rating(s)
Hold
3 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
8 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$54.75C$54.75C$54.25C$90.50
Forecasted Upside24.01% Upside32.79% Upside17.93% Upside106.01% Upside
Consensus RatingModerate BuyModerate BuyModerate BuyHold

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 Companies
Consensus Rating Score
2.77
2.62
Consensus RatingModerate BuyModerate Buy
News Sentiment Rating
Positive News

See Recent CNQ News
Positive News
DateBrokerageAnalystActionRatingPrice TargetReport Date
Upside/Downside
Details
8/8/2025Royal Bank Of Canada
3 of 5 stars
 Lower TargetOutperformC$64.00 ➝ C$62.00+48.79%
8/8/2025Raymond James Financial
4 of 5 stars
 Boost TargetOutperformC$52.00 ➝ C$54.00+29.59%
7/11/2025Scotiabank
4 of 5 stars
 Boost TargetC$50.00 ➝ C$54.00+23.57%
6/26/2025Wells Fargo & Company
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 Boost TargetEqual WeightC$42.00 ➝ C$46.00+6.11%
4/15/2025Desjardins
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 Lower TargetBuyC$51.00 ➝ C$49.00+28.68%
4/10/2025CIBC
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 Boost TargetC$59.00 ➝ C$62.00+69.68%
3/7/2025Evercore ISI
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UpgradeHoldStrong-Buy
3/7/2025National Bankshares
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 Lower TargetSector PerformC$51.00 ➝ C$49.00+20.10%
2/10/2025Tudor Pickering
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DowngradeStrong-BuyHold
1/30/2025Jefferies Financial Group
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 Lower TargetC$54.00 ➝ C$50.00+11.81%
12/16/2024Gerdes Energy Research
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 UpgradeNeutralBuy
12/13/2024BMO Capital Markets
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 Lower TargetC$60.00 ➝ C$58.00+30.07%
12/3/2024TD Securities
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 Set TargetBuyC$58.00+20.71%
10/8/2024ATB Capital
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 Boost TargetOutperformC$58.00 ➝ C$60.00+21.19%
7/18/2024Wolfe Research
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UpgradeHold
4/23/2024Stifel Nicolaus
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 Boost TargetBuyC$110.00 ➝ C$126.00+20.31%
4/9/2024UBS Group
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 Boost TargetC$113.00 ➝ C$124.00+12.78%
4/8/2024
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 Boost TargetC$105.00 ➝ C$115.00+5.42%
3/4/2024JPMorgan Chase & Co.
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 Boost TargetC$102.00 ➝ C$106.00+10.07%
10/12/2023National Bank Financial
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 Boost TargetC$90.00 ➝ C$101.00+14.03%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:53 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 Monday, September 15, 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 current stock price is around C$46.00, which reflects a stable market position and potential for growth.
  • Recent upgrades from multiple analysts, including a "strong-buy" rating, indicate positive market sentiment and confidence in future performance.
  • The company has a solid market capitalization of approximately C$96.54 billion, suggesting a strong presence in the oil and gas sector.
  • Canadian Natural Resources Limited has a favorable P/E ratio, which can indicate that the stock is reasonably valued compared to its earnings.
  • With a diverse portfolio that includes various types of oil and gas products, the company is well-positioned to capitalize on market demands.

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 experienced fluctuations, with a recent decline of about 0.9%, which may indicate volatility in the market.
  • Analysts have varying price targets, with some suggesting a decrease, which could create uncertainty for potential investors.
  • The company has a relatively high debt-to-equity ratio, which may raise concerns about financial stability and risk management.
  • Market conditions for oil and gas can be unpredictable, influenced by global events and economic factors, which could impact profitability.
  • Despite recent upgrades, the consensus rating remains "Moderate Buy," suggesting that not all analysts are fully confident in the stock's performance.

CNQ Forecast - Frequently Asked Questions

According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian Natural Resources is C$54.75, with a high forecast of C$62.00 and a low forecast of C$46.00.

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 3 hold ratings, 8 buy ratings and 1 strong buy rating 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 24.01% based on their 12-month stock forecasts.

Canadian Natural Resources has been rated by research analysts at Raymond James Financial, Royal Bank Of Canada, Scotiabank, and Wells Fargo & Company in the past 90 days.

Analysts like Canadian Natural Resources more than other "energy" companies. The consensus rating score for Canadian Natural Resources is 2.83 while the average consensus rating score for "energy" companies is 2.62. Learn more on how CNQ compares to other companies.


This page (TSE:CNQ) was last updated on 9/16/2025 by MarketBeat.com Staff
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