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Canadian Natural Resources (CNQ) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

CNQ Stock Forecast

Canadian Natural Resources (CNQ) stock forecast, based on 11 Wall Street analysts, predicts a 12-month average price target of $53.45, with a high of $63.66 and a low of $44.56. This represents a 71.98% increase from the last price of $31.08.

$30 $40 $50 $60 $70 $80 High: $63.66 Avg: $53.45 Low: $44.56 Last Closed Price: $31.08

CNQ Stock Rating

Canadian Natural Resources stock's rating consensus is Buy, based on 11 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 7 Buy (63.64%), 4 Hold (36.36%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 11 0 4 7 Strong Sell Sell Hold Buy Strong Buy

CNQ Price Target Upside V Benchmarks

TypeNameUpside
StockCanadian Natural Resources71.98%
SectorEnergy Stocks 24.15%
IndustryOil & Gas Exploration & Production Stocks28.12%

Price Target Trends

1M3M12M
# Anlaysts---
Avg Price Target---
Last Closing Price$31.08$31.08$31.08
Upside/Downside---
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Feb, 254710--21
Jan, 255810--23
Dec, 245810--23
Nov, 245810--23
Oct, 245910--24
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Mar 04, 2022Stephen RichardsonEvercore ISI$45.36$58.39-22.32%45.95%
Mar 04, 2022Menno HulshofTD Securities$61.27$58.394.93%97.14%
Mar 03, 2022Dennis FongCIBC$63.66$56.5912.49%104.83%
Jan 25, 2022Devin McDermottMorgan Stanley$50.93$50.191.47%63.87%
Jan 12, 2022Doug LeggateBank of America Securities$54.91$48.8812.34%76.67%
Jan 05, 2022Roger ReadWells Fargo$44.56$42.933.80%43.37%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Oct 09, 2024CIBCOutperformOutperformhold
Oct 08, 2024National BankSector PerformSector Performhold
Oct 08, 2024RBC CapitalOutperformOutperformhold
Oct 08, 2024BMO CapitalOutperformOutperformhold
Oct 08, 2024DesjardinsHoldBuyupgrade
Sep 16, 2024Morgan StanleyEqual-WeightEqual-Weighthold
Aug 02, 2024RBC CapitalOutperformOutperformhold
Aug 02, 2024TD SecuritiesBuyBuyhold
Jul 17, 2024Wolfe ResearchPeer Performinitialise
Jun 11, 2024ScotiabankSector PerformSector Performhold

Financial Forecast

EPS Forecast

$-5 $-2 $1 $4 $7 $10 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-0.37$6.49$9.64$7.47-----
Avg Forecast$-0.35$3.04$5.57$3.75$3.59$3.67$4.09$4.69$5.36
High Forecast$-0.41$2.70$5.44$3.63$3.50$2.41$1.92$4.67$5.04
Low Forecast$-0.31$3.56$5.68$3.91$3.63$5.28$5.33$4.71$6.05
Surprise %5.71%113.49%73.07%99.20%-----

Revenue Forecast

$15B $22B $29B $36B $43B $50B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$17.49B$32.85B$49.53B$35.97B-----
Avg Forecast$16.46B$29.66B$40.56B$36.24B$36.25B$39.83B$41.95B$41.94B$42.65B
High Forecast$15.06B$27.13B$39.84B$35.42B$35.67B$37.97B$40.58B$40.04B$40.71B
Low Forecast$18.63B$33.56B$41.17B$36.67B$36.99B$43.65B$43.33B$46.08B$46.86B
Surprise %6.23%10.76%22.13%-0.76%-----

Net Income Forecast

$-5B $-1B $3B $7B $11B $15B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$-435.00M$7.66B$10.94B$8.23B-----
Avg Forecast$-775.21M$6.30B$7.30B$8.23B$7.86B$8.20B$8.61B$10.34B$11.82B
High Forecast$-907.75M$5.04B$5.84B$6.59B$7.72B$5.32B$4.22B$10.30B$11.12B
Low Forecast$-688.98M$7.55B$8.76B$9.88B$8.01B$11.63B$11.74B$10.38B$13.33B
Surprise %-43.89%21.74%49.81%------

CNQ Forecast FAQ

Is Canadian Natural Resources stock a buy?

Canadian Natural Resources stock has a consensus rating of Buy, based on 11 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 7 Buy, 4 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Canadian Natural Resources is a favorable investment for most analysts.

What is Canadian Natural Resources's price target?

Canadian Natural Resources's price target, set by 11 Wall Street analysts, averages $53.45 over the next 12 months. The price target range spans from $44.56 at the low end to $63.66 at the high end, suggesting a potential 71.98% change from the previous closing price of $31.08.

How does Canadian Natural Resources stock forecast compare to its benchmarks?

Canadian Natural Resources's stock forecast shows a 71.98% upside, outperforming the average forecast for the energy stocks sector (24.15%) and outperforming the oil & gas exploration & production stocks industry (28.12%).

What is the breakdown of analyst ratings for Canadian Natural Resources over the past three months?

  • February 2025: 19.05% Strong Buy, 33.33% Buy, 47.62% Hold, 0% Sell, 0% Strong Sell.
  • January 2025: 21.74% Strong Buy, 34.78% Buy, 43.48% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 21.74% Strong Buy, 34.78% Buy, 43.48% Hold, 0% Sell, 0% Strong Sell.

What is Canadian Natural Resources’s EPS forecast?

Canadian Natural Resources's average annual EPS forecast for its fiscal year ending in December is $3.59 for 2024, a -51.94% decrease from the reported $7.47 in 2023. The prediction for 2025 is $3.67, $4.09 for 2026, $4.69 for 2027, and $5.36 for 2028.

What is Canadian Natural Resources’s revenue forecast?

Canadian Natural Resources's average annual revenue forecast for its fiscal year ending in December is $36.25B for 2024, a 0.78% increase from the reported $35.97B in 2023. The forecast for 2025 is $39.83B, $41.95B for 2026, $41.94B for 2027, and $42.65B for 2028.

What is Canadian Natural Resources’s net income forecast?

For its fiscal year ending in December, Canadian Natural Resources's average annual net income forecast is $7.86B for 2024, reflecting a -4.50% decrease from the reported $8.23B in 2023. The projection for 2025 is $8.2B, $8.61B for 2026, $10.34B for 2027, and $11.82B for 2028.