Canadian Natural Resources (CNQ) Stock Forecast & Price Target

C$45.65 -1.32 (-2.81%)

As of 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 14 Analyst Ratings

Sell
0

Hold
6

Buy
8

Based on 14 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 14 analysts, 6 have given a hold rating, and 8 have given a buy rating for CNQ.

Consensus Price Target

C$71.44
56.49% Upside

According to the 14 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 56.49% from the current price of C$45.65.

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CNQ Analyst Ratings Over Time

Type	Current Forecast 1/22/24 to 1/21/25	1 Month Ago 12/23/23 to 12/22/24	3 Months Ago 10/24/23 to 10/23/24	1 Year Ago 1/22/23 to 1/22/24
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	6 Hold rating(s)	7 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$71.94	C$74.13	C$95.19
Forecasted Upside	56.49% Upside	69.26% Upside	52.58% Upside	13.16% 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	2.57	2.82
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
1/21/2025	Jefferies Financial Group 2 of 5 stars		Lower Target		C$54.00 ➝ C$50.00	+9.43%
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 0 of 5 stars		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%
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%
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	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 Tuesday at 11:16 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 Tuesday, January 7, 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 current stock price is C$46.77, which reflects a recent increase, indicating positive market sentiment and potential for further growth.
Canadian Natural Resources Limited has received multiple upgrades from research firms, with price targets raised to C$60.00 and C$63.00, suggesting strong future performance expectations.
The company has a solid market capitalization of C$99.62 billion, indicating stability and the ability to invest in growth opportunities.
With a PE ratio of 13.32, the stock appears to be reasonably valued compared to its earnings, which may attract value-focused investors.
Canadian Natural Resources Limited operates in diverse regions, including Western Canada and the North Sea, which helps mitigate risks associated with regional market fluctuations.

Canadian Natural Resources
Bear Case

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

The company has a relatively high debt-to-equity ratio of 29.64, which may indicate financial risk and reliance on debt for growth.
Despite recent upgrades, the stock has a 52-week high of C$56.49, suggesting it may face resistance in surpassing this level in the near term.
Market volatility in the oil and gas sector can impact stock performance, and fluctuations in crude oil prices may adversely affect profitability.
The quick ratio of 0.54 indicates potential liquidity issues, meaning the company may struggle to meet short-term obligations without additional financing.
With a beta of 1.89, the stock is more volatile than the market, which could lead to larger price swings and increased risk for investors.

CNQ Forecast - Frequently Asked Questions

: According to the research reports of 14 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.
: 14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last year. There are currently 6 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 56.49% based on their 12-month stock forecasts.
: Over the previous 90 days, Canadian Natural Resources's stock had 1 upgrade by analysts.
: Canadian Natural Resources has been rated by research analysts at BMO Capital Markets, Gerdes Energy Research, Jefferies Financial Group, 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 2.57 while the average consensus rating score for "energy" companies is 2.82. Learn more on how CNQ compares to other companies.

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This page (TSE:CNQ) was last updated on 1/21/2025 by MarketBeat.com Staff

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Canadian Natural Resources (CNQ) Stock Forecast & Price Target