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 80.70% upside from CNQ’s last price of $29.58) and a rating consensus of 'Buy', based on 11 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 11 Wall Street analysts in the past 3 months, with a price target range of $63.66 to $44.56. This represents a potential 80.70% upside from CNQ's last price of $29.58.
CNQ Analyst Ratings
According to 11 Wall Street analysts, Canadian Natural Resources's rating consensus is 'Buy'. The analyst rating breakdown for CNQ stock is 0 'Strong Buy' (0.00%), 7 'Buy' (63.64%), 4 'Hold' (36.36%), 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% | 53.34% |
| Mar 04, 2022 | Menno Hulshof | TD Securities | $61.27 | $58.39 | 4.94% | 107.14% |
| Mar 03, 2022 | Dennis Fong | CIBC | $63.66 | $56.59 | 12.49% | 115.21% |
| Jan 25, 2022 | Devin McDermott | Morgan Stanley | $50.93 | $50.19 | 1.47% | 72.17% |
| Jan 12, 2022 | Doug Leggate | Bank of America Securities | $54.91 | $48.88 | 12.33% | 85.62% |
| Jan 05, 2022 | Roger Read | Wells Fargo | $44.56 | $42.93 | 3.80% | 50.65% |
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 53.34% increase from CNQ last price ($29.58).
Canadian Natural Resources Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $29.58 | $29.58 | $29.58 |
| 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 $29.58. 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 |
|---|---|---|---|---|
| Oct 09, 2024 | CIBC | Outperform | Outperform | Hold |
| Oct 08, 2024 | National Bank | Sector Perform | Sector Perform | Hold |
| Oct 08, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Oct 08, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Oct 08, 2024 | Desjardins | Hold | Buy | Upgrade |
| Sep 16, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| 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 | |
| Sep 29, 2022 | TD Securities | Buy | Upgrade | |
| Jul 19, 2022 | Bank of America Securities | Buy | Upgrade | |
| Mar 04, 2022 | CFRA | Hold | Hold | Hold |
Canadian Natural Resources's last stock rating was published by CIBC on Oct 09, 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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $9.55B | $11.01B | $12.57B | $13.81B | $12.13B | $10.19B | $8.52B | $7.12B | $7.02B | $5.22B | $4.68B |
| Avg Forecast | $9.51B | $9.44B | $9.37B | $9.30B | $9.65B | $9.61B | $9.53B | $9.44B | $9.78B | $9.63B | $9.17B | $8.93B | $8.70B | $9.04B | $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 |
| High Forecast | $9.72B | $9.65B | $9.58B | $9.51B | $9.86B | $9.82B | $9.74B | $9.65B | $10.00B | $9.84B | $9.37B | $9.18B | $9.08B | $9.24B | $8.79B | $8.52B | $9.41B | $9.51B | $7.49B | $8.37B | $8.72B | $9.89B | $9.40B | $8.92B | $8.22B | $7.33B | $5.96B | $5.20B | $4.48B | $3.96B |
| Low Forecast | $9.30B | $9.23B | $9.16B | $9.10B | $9.44B | $9.40B | $9.32B | $9.23B | $9.57B | $9.42B | $8.97B | $8.74B | $8.49B | $8.84B | $8.41B | $8.15B | $8.19B | $9.10B | $7.17B | $8.01B | $8.34B | $9.89B | $9.40B | $8.92B | $8.22B | $7.33B | $5.96B | $5.20B | $4.48B | $3.96B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.17% | 1.29% | 1.27% | 1.47% | 1.36% | 1.24% | 1.16% | 1.20% | 1.35% | 1.16% | 1.18% |
Canadian Natural Resources's average Quarter revenue forecast for Jun 23 based on 1 analysts is $7.33B, with a low forecast of $7.17B, and a high forecast of $7.49B. 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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $3.87B | $4.27B | $5.97B | $6.40B | $5.47B | $5.05B | $4.43B | $3.56B | $3.30B | $2.62B | $2.06B |
| Avg Forecast | $4.24B | $4.21B | $4.18B | $4.15B | $4.30B | $4.29B | $4.25B | $4.21B | $4.36B | $4.29B | $4.09B | $3.98B | $3.88B | $4.03B | $3.84B | $4.53B | $4.00B | $4.15B | $3.27B | $4.10B | $1.58B | $4.28B | $4.07B | $3.44B | $3.56B | $3.18B | $2.58B | $3.15B | $1.94B | $1.72B |
| High Forecast | $4.33B | $4.30B | $4.27B | $4.24B | $4.40B | $4.38B | $4.34B | $4.30B | $4.46B | $4.39B | $4.18B | $4.09B | $4.05B | $4.12B | $3.92B | $5.43B | $4.19B | $4.24B | $3.34B | $4.92B | $1.89B | $4.28B | $4.07B | $4.13B | $3.56B | $3.18B | $2.58B | $3.78B | $1.94B | $1.72B |
| Low Forecast | $4.15B | $4.12B | $4.09B | $4.06B | $4.21B | $4.19B | $4.15B | $4.12B | $4.27B | $4.20B | $4.00B | $3.90B | $3.79B | $3.94B | $3.75B | $3.62B | $3.65B | $4.06B | $3.20B | $3.28B | $1.26B | $4.28B | $4.07B | $2.75B | $3.56B | $3.18B | $2.58B | $2.52B | $1.94B | $1.72B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 2.71% | 1.39% | 1.57% | 1.59% | 1.42% | 1.39% | 1.38% | 1.05% | 1.35% | 1.20% |
1 analysts predict CNQ's average Quarter EBITDA for Jun 23 to be $3.27B, with a high of $3.34B and a low of $3.20B. This is -15.45% lower than Canadian Natural Resources's previous annual EBITDA (Mar 23) of $3.87B.
Canadian Natural Resources Net Income Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.80B | $1.52B | $2.81B | $3.50B | $3.10B | $2.53B | $2.20B | $1.55B | $1.38B | $749.00M | $408.00M |
| Avg Forecast | $2.00B | $1.98B | $1.96B | $1.92B | $2.05B | $2.13B | $1.75B | $1.78B | $2.00B | $1.96B | $1.87B | $1.69B | $1.86B | $1.94B | $1.71B | $1.89B | $2.29B | $2.57B | $1.16B | $1.71B | $1.49B | $3.03B | $3.19B | $1.44B | $2.22B | $1.71B | $1.02B | $1.31B | $139.50M | $41.68M |
| High Forecast | $2.06B | $2.04B | $2.01B | $1.97B | $2.11B | $2.19B | $1.80B | $1.84B | $2.05B | $2.02B | $1.93B | $1.93B | $2.01B | $1.99B | $1.72B | $2.27B | $2.39B | $2.65B | $1.19B | $2.05B | $1.79B | $3.03B | $3.19B | $1.72B | $2.22B | $1.71B | $1.02B | $1.58B | $139.50M | $41.68M |
| Low Forecast | $1.94B | $1.92B | $1.90B | $1.86B | $1.99B | $2.06B | $1.70B | $1.73B | $1.94B | $1.90B | $1.82B | $1.55B | $1.71B | $1.88B | $1.70B | $1.51B | $2.15B | $2.50B | $1.13B | $1.37B | $1.19B | $3.03B | $3.19B | $1.15B | $2.22B | $1.71B | $1.02B | $1.05B | $139.50M | $41.68M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.05% | 1.02% | 0.93% | 1.10% | 2.16% | 1.14% | 1.28% | 1.53% | 1.05% | 5.37% | 9.79% |
Canadian Natural Resources's average Quarter net income forecast for Jun 23 is $1.16B, with a range of $1.13B to $1.19B. CNQ's average Quarter net income forecast represents a -35.45% decrease compared to the company's last Quarter net income of $1.80B (Mar 23).
Canadian Natural Resources SG&A Forecast
| Dec 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $172.00M | $427.00M | $90.00M | $52.00M | $650.00M | $288.00M | $144.00M | $224.00M | $224.00M | $230.00M | $83.00M |
| Avg Forecast | $225.44M | $223.79M | $222.15M | $220.48M | $228.71M | $227.89M | $225.84M | $223.78M | $231.93M | $228.28M | $217.32M | $211.59M | $206.17M | $214.29M | $203.88M | $307.09M | $212.84M | $220.69M | $173.85M | $278.26M | $5.90B | $234.42M | $222.79M | $233.68M | $194.77M | $173.75M | $141.27M | $213.59M | $106.30M | $93.94M |
| High Forecast | $230.38M | $228.70M | $227.02M | $225.32M | $233.73M | $232.89M | $230.80M | $228.69M | $237.02M | $233.28M | $222.09M | $217.54M | $215.26M | $218.99M | $208.35M | $368.51M | $222.96M | $225.53M | $177.67M | $333.91M | $7.09B | $234.42M | $222.79M | $280.42M | $194.77M | $173.75M | $141.27M | $256.31M | $106.30M | $93.94M |
| Low Forecast | $220.46M | $218.85M | $217.25M | $215.62M | $223.66M | $222.86M | $220.86M | $218.84M | $226.81M | $223.24M | $212.52M | $207.29M | $201.30M | $209.56M | $199.38M | $245.68M | $194.18M | $215.82M | $170.01M | $222.60M | $4.72B | $234.42M | $222.79M | $186.95M | $194.77M | $173.75M | $141.27M | $170.87M | $106.30M | $93.94M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.62% | 0.07% | 0.38% | 0.23% | 2.78% | 1.48% | 0.83% | 1.59% | 1.05% | 2.16% | 0.88% |
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 $170.01M to $177.67M. 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 27 | Sep 27 | Jun 27 | Mar 27 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 1 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 9 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.63 | $1.37 | $2.52 | $3.04 | $2.66 | $2.16 | $1.87 | $1.31 | $1.16 | $0.63 | $0.35 |
| Avg Forecast | $0.94 | $0.93 | $0.92 | $0.90 | $0.96 | $1.00 | $0.82 | $0.84 | $0.94 | $0.92 | $0.88 | $0.79 | $0.87 | $0.91 | $0.80 | $0.71 | $1.07 | $1.21 | $0.54 | $0.82 | $1.09 | $1.41 | $1.48 | $1.22 | $1.03 | $0.80 | $0.47 | $0.43 | $0.06 | $0.02 |
| High Forecast | $0.96 | $0.95 | $0.94 | $0.93 | $0.99 | $1.02 | $0.84 | $0.86 | $0.96 | $0.95 | $0.90 | $0.91 | $0.94 | $0.93 | $0.81 | $0.73 | $1.12 | $1.24 | $0.56 | $0.85 | $1.12 | $1.41 | $1.49 | $1.22 | $1.03 | $0.80 | $0.47 | $0.43 | $0.06 | $0.02 |
| Low Forecast | $0.91 | $0.90 | $0.89 | $0.87 | $0.93 | $0.97 | $0.80 | $0.81 | $0.91 | $0.89 | $0.85 | $0.72 | $0.80 | $0.88 | $0.80 | $0.69 | $1.01 | $1.17 | $0.53 | $0.80 | $1.06 | $1.41 | $1.48 | $1.22 | $1.03 | $0.80 | $0.47 | $0.43 | $0.06 | $0.02 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.98% | 1.25% | 1.79% | 2.05% | 2.18% | 2.09% | 2.34% | 2.77% | 2.68% | 9.71% | 18.05% |
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 $0.53 and a high estimate of $0.56. 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 |
|---|---|---|---|---|---|
| CNQ | Canadian Natural Resources | $30.61 | $53.45 | 74.62% | Buy |
| VTLE | Vital Energy | $29.45 | $48.00 | 62.99% | Hold |
| DVN | Devon Energy | $32.17 | $50.50 | 56.98% | Buy |
| FANG | Diamondback Energy | $160.14 | $221.82 | 38.52% | Buy |
| OVV | Ovintiv | $38.98 | $53.60 | 37.51% | Buy |
| EOG | EOG Resources | $123.15 | $147.00 | 19.37% | Buy |
| VET | Vermilion Energy | $9.01 | $10.74 | 19.20% | Hold |
| AR | Antero Resources | $31.59 | $35.25 | 11.59% | Buy |