Canadian Natural Resources (CNQ) Stock Forecast & Price Target

C$44.08 +0.61 (+1.40%)

As of 03/24/2025 04:17 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 15 Analyst Ratings

Sell
0

Hold
5

Buy
10

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, 5 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for CNQ.

Consensus Price Target

C$68.53
55.47% Upside

According to the 15 analysts' twelve-month price targets for Canadian Natural Resources, the average price target is C$68.53. The highest price target for CNQ is C$126.00, while the lowest price target for CNQ is C$44.00. The average price target represents a forecasted upside of 55.47% from the current price of C$44.08.

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CNQ Analyst Ratings Over Time

Type	Current Forecast 3/25/24 to 3/25/25	1 Month Ago 2/24/24 to 2/23/25	3 Months Ago 12/26/23 to 12/25/24	1 Year Ago 3/26/23 to 3/25/24
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)
Hold	5 Hold rating(s)	7 Hold rating(s)	7 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$68.53	C$71.44	C$71.94	C$99.65
Forecasted Upside	55.47% Upside	67.46% Upside	65.49% Upside	-3.21% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	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	2.73	2.72
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News See Recent CNQ 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
3/19/2025	Scotiabank 5 of 5 stars		Upgrade	Sector Perform ➝ Outperform	C$56.00	+26.75%
3/7/2025	Evercore ISI 2 of 5 stars	S. Richardson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
3/7/2025	Raymond James 4 of 5 stars		Boost Target	Market Perform	C$51.00 ➝ C$52.00	+27.45%
3/7/2025	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform	C$51.00 ➝ C$49.00	+20.10%
3/7/2025	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$62.00 ➝ C$63.00	+54.41%
3/7/2025	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$50.00 ➝ C$44.00	+7.84%
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
1/30/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$54.00 ➝ C$50.00	+11.81%
12/16/2024	Gerdes Energy Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		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%
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.
12/3/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	C$58.00	+20.71%
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%
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
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 02:18 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 Friday, March 21, 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$42.59, which is relatively stable compared to its fifty-two week high of C$56.49, indicating potential for growth as the market stabilizes.
Canadian Natural Resources Limited has a strong market capitalization of C$89.38 billion, suggesting a solid position in the industry and the ability to weather market fluctuations.
The company has received multiple upgrades from analysts, with a consensus target price of C$68.60, indicating positive sentiment and potential for price appreciation.
With a P/E ratio of 11.82, the stock appears to be undervalued compared to industry peers, which could attract value-focused investors.
Recent insider selling by senior officers, while often viewed negatively, can also indicate confidence in the company's future performance, as these transactions are typically planned and not indicative of a lack of faith in the company.

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 25.79, which may raise concerns about financial leverage and the ability to manage debt during downturns.
Recent analyst reports have shown mixed sentiments, with some firms lowering their price targets, which could indicate uncertainty about future performance.
The current ratio of 0.84 suggests that the company may have liquidity issues, as it indicates that current liabilities exceed current assets, potentially affecting short-term financial health.
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.
Insider selling, while sometimes seen as a positive signal, can also raise red flags for investors who may interpret it as a lack of confidence in the company's future prospects.

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$68.53, with a high forecast of C$126.00 and a low forecast of C$44.00.
: 15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Natural Resources in the last twelve months. There are currently 5 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CNQ shares.
: According to analysts, Canadian Natural Resources's stock has a predicted upside of 55.47% 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, Jefferies Financial Group, National Bankshares, Raymond James, Royal Bank of Canada, Scotiabank, Tudor Pickering, 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 2.73 while the average consensus rating score for "energy" companies is 2.72. Learn more on how CNQ compares to other companies.

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This page (TSE:CNQ) was last updated on 3/25/2025 by MarketBeat.com Staff

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Canadian Natural Resources (CNQ) Stock Forecast & Price Target