Canadian Natural Resources (CNQ) Stock Forecast, Price Target & Predictions
CNQ Stock Forecast
Canadian Natural Resources stock forecast is as follows: an average price target of $53.45 (represents a 60.85% upside from CNQ’s last price of $33.23) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.
CNQ Price Target
The average price target for Canadian Natural Resources (CNQ) is $53.45 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $63.66 to $44.56. This represents a potential 60.85% upside from CNQ's last price of $33.23.
CNQ Analyst Ratings
According to 9 Wall Street analysts, Canadian Natural Resources's rating consensus is 'Buy'. The analyst rating breakdown for CNQ stock is 0 'Strong Buy' (0.00%), 5 'Buy' (55.56%), 4 'Hold' (44.44%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Canadian Natural Resources Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Mar 04, 2022 | Stephen Richardson | Evercore ISI | $45.36 | $58.39 | -22.32% | 36.50% |
| Mar 04, 2022 | Menno Hulshof | TD Securities | $61.27 | $58.39 | 4.94% | 84.39% |
| Mar 03, 2022 | Dennis Fong | CIBC | $63.66 | $56.59 | 12.49% | 91.57% |
| Jan 25, 2022 | Devin McDermott | Morgan Stanley | $50.93 | $50.19 | 1.47% | 53.26% |
| Jan 12, 2022 | Doug Leggate | Bank of America Securities | $54.91 | $48.88 | 12.33% | 65.23% |
| Jan 05, 2022 | Roger Read | Wells Fargo | $44.56 | $42.93 | 3.80% | 34.10% |
The latest Canadian Natural Resources stock forecast, released on Mar 04, 2022 by Stephen Richardson from Evercore ISI, set a price target of $45.36, which represents a -22.32% decrease from the stock price at the time of the forecast ($58.39), and a 36.50% increase from CNQ last price ($33.23).
Canadian Natural Resources Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $33.23 | $33.23 | $33.23 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Canadian Natural Resources stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Canadian Natural Resources's last price of $33.23. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 02, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Aug 02, 2024 | TD Securities | Buy | Buy | Hold |
| Jul 17, 2024 | Wolfe Research | - | Peer Perform | Initialise |
| Jun 11, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Apr 23, 2024 | Desjardins | - | Hold | Downgrade |
| Apr 19, 2024 | National Bank | Sector Perform | Sector Perform | Hold |
| Apr 11, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Apr 09, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Mar 28, 2024 | Morgan Stanley | Positive | Positive | Hold |
| Nov 21, 2022 | Goldman Sachs | - | Buy | Upgrade |
Canadian Natural Resources's last stock rating was published by RBC Capital on Aug 02, 2024. The company gave CNQ a "Outperform" rating, the same as its previous rate.
Canadian Natural Resources Financial Forecast
Canadian Natural Resources Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $9.55B | $11.01B | $12.57B | $13.81B | $12.13B | $10.19B | $8.52B | $7.12B | $7.02B | $5.22B | $4.68B | $2.94B | $4.65B | $6.33B | $6.59B |
| Avg Forecast | $10.07B | $10.07B | $9.97B | $9.87B | $9.92B | $10.20B | $9.81B | $9.49B | $9.45B | $9.52B | $8.60B | $8.34B | $8.98B | $9.31B | $7.33B | $8.19B | $8.53B | $9.89B | $9.40B | $8.92B | $8.22B | $7.33B | $5.96B | $5.20B | $4.48B | $3.96B | $2.79B | $4.32B | $5.99B | $5.75B |
| High Forecast | $10.20B | $10.20B | $10.10B | $9.99B | $10.05B | $10.33B | $9.94B | $9.61B | $9.57B | $9.83B | $8.71B | $8.44B | $9.41B | $9.43B | $7.43B | $8.29B | $8.64B | $10.02B | $9.40B | $9.38B | $8.64B | $7.71B | $6.27B | $5.47B | $4.72B | $4.17B | $2.93B | $4.54B | $6.30B | $6.05B |
| Low Forecast | $9.94B | $9.94B | $9.84B | $9.74B | $9.80B | $10.07B | $9.69B | $9.37B | $9.33B | $9.25B | $8.49B | $8.23B | $8.19B | $9.19B | $7.24B | $8.08B | $8.42B | $9.76B | $9.40B | $8.21B | $7.56B | $6.75B | $5.49B | $4.79B | $4.13B | $3.65B | $2.56B | $3.98B | $5.51B | $5.29B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 1 | 4 | 7 | 4 | 4 | 3 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.17% | 1.29% | 1.27% | 1.47% | 1.36% | 1.24% | 1.16% | 1.20% | 1.35% | 1.16% | 1.18% | 1.06% | 1.08% | 1.06% | 1.14% |
Canadian Natural Resources's average Quarter revenue forecast for Jun 23 based on 1 analysts is $7.33B, with a low forecast of $7.24B, and a high forecast of $7.43B. CNQ's average Quarter revenue forecast represents a -23.19% decrease compared to the company's last Quarter revenue of $9.55B (Mar 23).
Canadian Natural Resources EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 1 | 4 | 7 | 4 | 4 | 3 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.87B | $4.27B | $5.97B | $6.40B | $5.47B | $5.05B | $4.43B | $3.56B | $3.30B | $2.62B | $2.06B | $994.00M | $329.00M | $2.67B | $3.02B |
| Avg Forecast | $4.37B | $4.37B | $4.32B | $4.27B | $4.30B | $4.42B | $4.25B | $4.11B | $4.10B | $4.12B | $3.73B | $4.53B | $3.89B | $4.03B | $3.18B | $4.10B | $3.70B | $5.51B | $4.07B | $3.44B | $1.36B | $4.63B | $3.03B | $3.15B | $1.94B | $1.72B | $1.64B | $1.87B | $2.59B | $2.68B |
| High Forecast | $4.42B | $4.42B | $4.38B | $4.33B | $4.36B | $4.48B | $4.31B | $4.16B | $4.15B | $4.26B | $3.77B | $5.43B | $4.08B | $4.09B | $3.22B | $4.92B | $3.74B | $6.61B | $4.07B | $4.13B | $1.63B | $5.56B | $3.64B | $3.78B | $2.04B | $1.81B | $1.97B | $1.97B | $2.73B | $3.22B |
| Low Forecast | $4.31B | $4.31B | $4.26B | $4.22B | $4.24B | $4.36B | $4.20B | $4.06B | $4.04B | $4.01B | $3.68B | $3.62B | $3.55B | $3.98B | $3.14B | $3.28B | $3.65B | $4.41B | $4.07B | $2.75B | $1.09B | $3.70B | $2.43B | $2.52B | $1.79B | $1.58B | $1.31B | $1.72B | $2.39B | $2.14B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 1.16% | 1.08% | 1.57% | 1.59% | 3.71% | 0.96% | 1.17% | 1.05% | 1.35% | 1.20% | 0.61% | 0.18% | 1.03% | 1.13% |
1 analysts predict CNQ's average Quarter EBITDA for Jun 23 to be $3.18B, with a high of $3.22B and a low of $3.14B. This is -17.85% lower than Canadian Natural Resources's previous annual EBITDA (Mar 23) of $3.87B.
Canadian Natural Resources Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 1 | 4 | 7 | 4 | 4 | 3 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.80B | $1.52B | $2.81B | $3.50B | $3.10B | $2.53B | $2.20B | $1.55B | $1.38B | $749.00M | $408.00M | $-310.00M | $-1.28B | $597.00M | $1.03B |
| Avg Forecast | $2.43B | $2.33B | $1.96B | $2.14B | $2.38B | $2.48B | $2.17B | $2.10B | $2.20B | $2.22B | $1.72B | $1.89B | $2.31B | $2.59B | $1.17B | $1.71B | $2.35B | $2.74B | $1.60B | $1.44B | $1.29B | $2.30B | $1.32B | $1.31B | $141.46M | $3.66B | $-511.62M | $-44.04B | $796.92M | $910.93M |
| High Forecast | $2.47B | $2.37B | $1.99B | $2.17B | $2.42B | $2.52B | $2.21B | $2.14B | $2.24B | $2.66B | $1.75B | $2.27B | $2.41B | $2.64B | $1.19B | $2.05B | $2.39B | $3.29B | $1.60B | $1.72B | $1.54B | $2.76B | $1.58B | $1.58B | $150.95M | $4.40B | $-409.29M | $-35.23B | $850.39M | $1.09B |
| Low Forecast | $2.39B | $2.29B | $1.92B | $2.10B | $2.34B | $2.44B | $2.13B | $2.07B | $2.17B | $1.87B | $1.69B | $1.51B | $2.16B | $2.55B | $1.15B | $1.37B | $2.31B | $2.19B | $1.60B | $1.15B | $1.03B | $1.84B | $1.06B | $1.05B | $126.81M | $2.93B | $-613.94M | $-52.84B | $714.41M | $728.75M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 0.65% | 1.03% | 2.19% | 2.16% | 1.97% | 0.96% | 1.17% | 1.05% | 5.29% | 0.11% | 0.61% | 0.03% | 0.75% | 1.13% |
Canadian Natural Resources's average Quarter net income forecast for Jun 23 is $1.17B, with a range of $1.15B to $1.19B. CNQ's average Quarter net income forecast represents a -34.95% decrease compared to the company's last Quarter net income of $1.80B (Mar 23).
Canadian Natural Resources SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 1 | 4 | 7 | 4 | 4 | 3 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $172.00M | $427.00M | $90.00M | $52.00M | $650.00M | $288.00M | $144.00M | $224.00M | $224.00M | $230.00M | $83.00M | $111.00M | $-115.00M | $256.00M | $102.00M |
| Avg Forecast | $238.81M | $238.81M | $236.33M | $233.86M | $235.25M | $241.84M | $232.65M | $224.93M | $224.08M | $225.61M | $203.88M | $307.09M | $212.84M | $220.69M | $173.85M | $278.26M | $202.26M | $179.14M | $222.79M | $233.68M | $5.09B | $150.53M | $190.68M | $213.59M | $106.30M | $745.47M | $183.19M | $-3.95B | $141.94M | $90.47M |
| High Forecast | $241.89M | $241.89M | $239.38M | $236.87M | $238.29M | $244.95M | $235.65M | $227.83M | $226.97M | $233.04M | $206.51M | $368.51M | $222.96M | $223.53M | $176.09M | $333.91M | $204.87M | $214.97M | $222.79M | $280.42M | $6.11B | $180.64M | $228.82M | $256.31M | $111.79M | $894.57M | $219.83M | $-3.16B | $149.26M | $108.57M |
| Low Forecast | $235.73M | $235.73M | $233.29M | $230.84M | $232.22M | $238.72M | $229.65M | $222.03M | $221.19M | $219.19M | $201.25M | $245.68M | $194.18M | $217.84M | $171.61M | $222.60M | $199.65M | $143.31M | $222.79M | $186.95M | $4.07B | $120.42M | $152.55M | $170.87M | $97.84M | $596.38M | $146.55M | $-4.74B | $130.63M | $72.38M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.62% | 2.11% | 0.50% | 0.23% | 2.78% | 0.06% | 0.96% | 1.17% | 1.05% | 2.16% | 0.11% | 0.61% | 0.03% | 1.80% | 1.13% |
Canadian Natural Resources's average Quarter SG&A projection for Jun 23 is $173.85M, based on 1 Wall Street analysts, with a range of $171.61M to $176.09M. The forecast indicates a 1.08% rise compared to CNQ last annual SG&A of $172.00M (Mar 23).
Canadian Natural Resources EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | - | - | 1 | 2 | 2 | 1 | 4 | 7 | 4 | 4 | 3 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.63 | $1.37 | $2.52 | $3.04 | $2.66 | $2.16 | $1.87 | $1.31 | $1.16 | $0.63 | $0.35 | $-0.26 | $-1.08 | $0.50 | $0.87 |
| Avg Forecast | $1.13 | $1.08 | $0.91 | $0.99 | $1.11 | $1.15 | $1.01 | $0.98 | $1.02 | $1.03 | $0.80 | $0.71 | $1.07 | $1.21 | $0.54 | $0.82 | $1.09 | $1.41 | $1.48 | $2.44 | $2.06 | $1.59 | $0.95 | $0.86 | $0.13 | $0.04 | $-0.79 | $-0.00 | $0.73 | $0.79 |
| High Forecast | $1.15 | $1.10 | $0.93 | $1.01 | $1.13 | $1.17 | $1.03 | $0.99 | $1.04 | $1.24 | $0.82 | $0.72 | $1.12 | $1.23 | $0.55 | $0.84 | $1.11 | $1.43 | $1.48 | $2.60 | $2.20 | $1.70 | $1.01 | $0.92 | $0.14 | $0.04 | $-0.71 | $-0.00 | $0.78 | $0.84 |
| Low Forecast | $1.11 | $1.06 | $0.89 | $0.98 | $1.09 | $1.13 | $0.99 | $0.96 | $1.01 | $0.87 | $0.79 | $0.69 | $1.01 | $1.19 | $0.54 | $0.81 | $1.08 | $1.38 | $1.48 | $2.19 | $1.85 | $1.43 | $0.85 | $0.78 | $0.12 | $0.03 | $-0.84 | $-0.00 | $0.66 | $0.70 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.98% | 1.25% | 1.79% | 2.05% | 1.09% | 1.05% | 1.17% | 1.39% | 1.34% | 4.85% | 9.03% | 0.33% | 312.31% | 0.68% | 1.11% |
According to 1 Wall Street analysts, Canadian Natural Resources's projected average Quarter EPS for Jun 23 is $0.54, with a low estimate of $0.54 and a high estimate of $0.55. This represents a -66.60% decrease compared to CNQ previous annual EPS of $1.63 (Mar 23).
Canadian Natural Resources Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| VTLE | Vital Energy | $28.40 | $60.83 | 114.19% | Hold |
| CNQ | Canadian Natural Resources | $33.23 | $53.45 | 60.85% | Buy |
| AR | Antero Resources | $25.46 | $39.65 | 55.73% | Buy |
| DVN | Devon Energy | $41.34 | $64.04 | 54.91% | Buy |
| OVV | Ovintiv | $40.29 | $57.80 | 43.46% | Buy |
| VET | Vermilion Energy | $9.17 | $10.74 | 17.12% | Hold |
| MRO | Marathon Oil | $26.72 | $29.32 | 9.73% | Buy |
| EOG | EOG Resources | $120.35 | $131.79 | 9.51% | Buy |
| FANG | Diamondback Energy | $179.73 | $181.75 | 1.12% | Buy |
CNQ Forecast FAQ
Is Canadian Natural Resources a good buy?
Yes, according to 9 Wall Street analysts, Canadian Natural Resources (CNQ) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 55.56% of CNQ's total ratings.
What is CNQ's price target?
Canadian Natural Resources (CNQ) average price target is $53.45 with a range of $44.56 to $63.66, implying a 60.85% from its last price of $33.23. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Canadian Natural Resources stock go up soon?
According to Wall Street analysts' prediction for CNQ stock, the company can go up by 60.85% (from the last price of $33.23 to the average price target of $53.45), up by 91.57% based on the highest stock price target, and up by 34.10% based on the lowest stock price target.
Can Canadian Natural Resources stock reach $50?
CNQ's average twelve months analyst stock price target of $53.45 supports the claim that Canadian Natural Resources can reach $50 in the near future.
What are Canadian Natural Resources's analysts' financial forecasts?
Canadian Natural Resources's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $39.43B (high $39.94B, low $38.92B), average EBITDA is $17.08B (high $17.3B, low $16.86B), average net income is $9.13B (high $9.29B, low $8.98B), average SG&A $934.67M (high $946.72M, low $922.62M), and average EPS is $4.25 (high $4.32, low $4.18). CNQ's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $39.98B (high $40.5B, low $39.47B), average EBITDA is $17.32B (high $17.55B, low $17.1B), average net income is $8.85B (high $9B, low $8.7B), average SG&A $947.82M (high $960.04M, low $935.6M), and average EPS is $4.12 (high $4.19, low $4.05).
Did the CNQ's actual financial results beat the analysts' financial forecasts?
Based on Canadian Natural Resources's last annual report (Dec 2022), the company's revenue was $49.53B, beating the average analysts forecast of $36.74B by 34.82%. Apple's EBITDA was $22.11B, beating the average prediction of $16.72B by 32.23%. The company's net income was $10.94B, beating the average estimation of $8.13B by 34.55%. Apple's SG&A was $1.22B, beating the average forecast of $837.87M by 45.49%. Lastly, the company's EPS was $9.64, beating the average prediction of $6.43 by 50.02%. In terms of the last quarterly report (Mar 2023), Canadian Natural Resources's revenue was $9.55B, beating the average analysts' forecast of $8.19B by 16.63%. The company's EBITDA was $3.87B, missing the average prediction of $4.1B by -5.67%. Canadian Natural Resources's net income was $1.8B, beating the average estimation of $1.71B by 5.17%. The company's SG&A was $172M, missing the average forecast of $278.26M by -38.19%. Lastly, the company's EPS was $1.63, beating the average prediction of $0.824 by 97.82%