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Canadian Natural Resources - CNQ Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $49.50
  • Forecasted Upside: 43.73%
  • Number of Analysts: 5
  • Breakdown:
  • 0 Sell Ratings
  • 4 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
$34.44 As of 10/30/2024 03:58 PM ET
▲ +0.03 (0.09%)

This chart shows the closing price for CNQ by one month, three months, or twelve months.

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Analyst Price Target for CNQ

Analyst Price Target is $49.50
▲ +43.73% Upside Potential
This price target is based on 5 analysts offering 12 month price targets for Canadian Natural Resources in the last 3 months. The average price target is $49.50, with a high forecast of $51.00 and a low forecast of $48.00. The average price target represents a 43.73% upside from the last price of $34.44.

This chart shows the closing price for CNQ for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 5 investment analysts is to hold stock in Canadian Natural Resources. This Hold consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
5/9/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
8/7/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
11/5/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
2/3/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
5/3/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
8/1/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
9/30/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
10/30/2024

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 4 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
10/8/2024DesjardinsUpgradeHold ➝ Moderate Buy
7/18/2024Wolfe ResearchInitiated CoveragePeer Perform
6/11/2024ScotiabankReiterated RatingSector Perform ➝ Sector Perform
5/28/2024Raymond JamesUpgradeHold
4/23/2024DesjardinsDowngradeBuy ➝ Hold
1/11/2024JPMorgan Chase & Co.Boost TargetNeutral ➝ Neutral$50.50 ➝ $51.00
11/3/2023Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$47.50 ➝ $48.00
9/18/2023Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$41.00 ➝ $45.00
8/29/2023CIBCBoost TargetOutperformer ➝ Outperformer$45.00 ➝ $46.50
8/28/2023Jefferies Financial GroupBoost TargetHold ➝ Hold$42.00 ➝ $47.00
8/4/2023Wells Fargo & CompanyBoost TargetEqual Weight ➝ Equal Weight$40.00 ➝ $42.50
8/4/2023National Bank FinancialDowngradeOutperform ➝ Sector Perform
7/12/2023UBS GroupInitiated CoverageBuy
1/17/2023ScotiabankLower TargetC$45.50 ➝ C$43.00
1/12/2023Stifel FirstegyReiterated RatingBuy
1/12/2023Stifel NicolausInitiated CoverageBuy
12/1/2022TD SecuritiesBoost TargetC$46.00 ➝ C$48.50
12/1/2022National Bank FinancialBoost TargetC$44.00 ➝ C$52.50
11/21/2022The Goldman Sachs GroupUpgradeNeutral ➝ Buy$31.00 ➝ $34.50
11/4/2022Raymond JamesBoost TargetC$42.50 ➝ C$43.50
11/4/2022TD SecuritiesDowngradeBuy
10/19/2022Jefferies Financial GroupInitiated CoverageHold
9/30/2022National Bank FinancialLower TargetC$50.00 ➝ C$44.00
9/29/2022TD SecuritiesUpgradeBuy
8/11/2022Credit Suisse GroupReiterated RatingNeutral
7/19/2022Bank of AmericaUpgradeNeutral ➝ Buy$50.00
7/18/2022National Bank FinancialLower TargetC$57.50 ➝ C$50.00
6/30/2022Stifel NicolausBoost TargetC$55.50 ➝ C$57.50
6/16/2022National Bank FinancialBoost TargetC$50.00 ➝ C$57.50
6/8/2022ScotiabankDowngradeSector Outperform ➝ Sector Perform
5/20/2022The Goldman Sachs GroupBoost TargetNeutral$32.00 ➝ $36.00
5/9/2022Credit Suisse GroupBoost TargetC$42.50 ➝ C$46.50
5/6/2022BMO Capital MarketsBoost TargetC$46.00 ➝ C$47.50
5/6/2022TD SecuritiesBoost TargetC$45.00 ➝ C$47.00
4/18/2022ScotiabankBoost TargetC$40.00 ➝ C$44.00
4/14/2022CIBCBoost TargetC$40.00 ➝ C$45.00
4/14/2022National Bank FinancialBoost TargetC$45.00 ➝ C$50.00
3/31/2022Royal Bank of CanadaBoost TargetC$40.00 ➝ C$42.50
3/11/2022Wells Fargo & CompanyBoost TargetEqual Weight$30.50 ➝ $39.50
3/7/2022Stifel NicolausBoost TargetC$40.00 ➝ C$50.00
3/7/2022Royal Bank of CanadaBoost TargetC$39.50 ➝ C$40.00
3/7/2022DesjardinsBoost TargetC$37.50 ➝ C$42.50
3/7/2022Credit Suisse GroupBoost TargetNeutralC$31.50 ➝ C$37.00
2/4/2022National Bank FinancialBoost TargetC$37.00 ➝ C$45.00
1/24/2022The Goldman Sachs GroupDowngradeBuy ➝ Neutral$29.00 ➝ $27.00
1/13/2022Stifel NicolausBoost TargetC$33.75 ➝ C$40.00
1/13/2022ScotiabankBoost TargetC$30.00 ➝ C$32.00
1/12/2022National Bank FinancialLower TargetC$38.00 ➝ C$37.00
1/12/2022TD SecuritiesBoost TargetC$31.50 ➝ C$34.50
1/12/2022Royal Bank of CanadaBoost TargetOutperformC$30.00 ➝ C$33.00
1/10/2022Bank of AmericaInitiated CoverageBuy ➝ Buy$27.00
12/9/2021JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$31.00 ➝ $33.00
11/5/2021TD SecuritiesBoost TargetBuyC$29.00 ➝ C$30.50
10/18/2021Credit Suisse GroupBoost TargetNeutralC$26.50 ➝ C$29.50
10/15/2021CIBCBoost TargetOutperformC$29.00 ➝ C$31.00
10/14/2021ScotiabankBoost TargetOutperformC$26.00 ➝ C$30.00
10/7/2021Morgan StanleyInitiated CoverageEqual Weight$26.50
9/29/2021National Bank FinancialBoost TargetOutperformC$30.50 ➝ C$35.00
9/23/2021Stifel NicolausBoost TargetBuyC$32.50 ➝ C$33.75
8/6/2021Royal Bank of CanadaBoost TargetOutperform$26.50 ➝ $27.50
8/6/2021TD SecuritiesBoost TargetBuyC$26.00 ➝ C$27.50
7/20/2021Raymond JamesInitiated CoverageBuy$27.50
7/19/2021National Bank FinancialLower TargetOutperformC$33.00 ➝ C$31.50
7/16/2021BarclaysBoost TargetOverweightC$24.00 ➝ C$25.50
7/15/2021ScotiabankBoost TargetOutperformC$25.00 ➝ C$26.00
7/14/2021CIBCBoost TargetOutperformC$24.00 ➝ C$29.00
6/30/2021Wells Fargo & CompanyBoost TargetEqual Weight$21.00 ➝ $22.50
6/28/2021Stifel NicolausBoost TargetBuyC$30.00 ➝ C$32.25
6/11/2021The Goldman Sachs GroupUpgradeNeutral ➝ Buy$19.00 ➝ $22.00
5/7/2021Tudor PickeringReiterated RatingBuy
5/7/2021Royal Bank of CanadaBoost TargetOutperform$22.00 ➝ $22.50
4/15/2021ScotiabankBoost TargetOutperform$21.00 ➝ $24.00
4/15/2021Tudor PickeringReiterated RatingBuy
4/2/2021BarclaysReiterated RatingBuy$24.50
3/22/2021Credit Suisse GroupDowngradeOutperform ➝ Neutral$26.00
3/10/2021CIBCBoost TargetOutperform$21.00 ➝ $23.00
3/9/2021Credit Suisse GroupBoost TargetOutperform$21.00 ➝ $26.00
3/8/2021DesjardinsBoost TargetBuy$19.00 ➝ $23.00
3/7/2021Royal Bank of CanadaReiterated RatingBuy
3/5/2021BMO Capital MarketsBoost TargetOutperform$21.00 ➝ $22.50
3/5/2021Stifel NicolausBoost TargetBuy$25.00 ➝ $27.00
3/5/2021TD SecuritiesBoost TargetBuy$19.50 ➝ $21.00
1/29/2021BarclaysBoost TargetOverweight$20.50 ➝ $21.00
1/14/2021Credit Suisse GroupBoost TargetOutperform$16.00 ➝ $19.00
1/14/2021ScotiabankBoost TargetOutperform$16.50 ➝ $21.00
1/13/2021The Goldman Sachs GroupDowngradeBuy ➝ Neutral$13.50 ➝ $14.00
1/6/2021National Bank FinancialReiterated RatingOutperform
12/16/2020CIBCBoost TargetOutperform$15.50 ➝ $21.00
12/15/2020Wells Fargo & CompanyUpgradeUnderweight ➝ Equal Weight
12/10/2020BMO Capital MarketsBoost TargetOutperform$15.00 ➝ $18.00
12/10/2020TD SecuritiesBoost TargetBuy$13.00 ➝ $17.00
11/12/2020CIBCBoost TargetOutperform$15.00 ➝ $15.50
11/6/2020TD SecuritiesBoost TargetBuy$12.50 ➝ $13.00
10/26/2020CIBCInitiated CoverageOutperform$15.00
10/20/2020Morgan StanleyLower TargetOverweight$18.00 ➝ $15.50
9/2/2020BarclaysInitiated CoverageOverweight$15.00
8/7/2020Stifel NicolausBoost TargetBuy$13.50 ➝ $16.00
8/7/2020Raymond JamesBoost TargetOutperform$16.00 ➝ $16.50
8/7/2020Tudor PickeringReiterated RatingBuy$14.50
7/8/2020Morgan StanleyUpgradeEqual Weight ➝ Overweight$12.00 ➝ $16.00
7/2/2020Credit Suisse GroupReiterated RatingOutperform$14.50 ➝ $16.00
6/29/2020UBS GroupBoost TargetBuy$14.00 ➝ $18.50
6/23/2020National Bank FinancialUpgradeSector Perform ➝ Outperform$19.50
6/17/2020Deutsche Bank AktiengesellschaftBoost TargetPositive ➝ Hold$42.00 ➝ $46.00
5/29/2020Wells Fargo & CompanyBoost TargetUnderweight$8.00 ➝ $8.50
5/14/2020The Goldman Sachs GroupUpgradeNeutral ➝ Buy$7.50 ➝ $10.50
5/8/2020Royal Bank of CanadaBoost TargetOutperform$12.00 ➝ $13.50
5/1/2020Evercore ISIUpgradeIn-Line ➝ Outperform$15.00
3/31/2020UBS GroupLower TargetBuy$27.50 ➝ $14.00
3/20/2020Royal Bank of CanadaLower TargetOutperform$13.50 ➝ $12.50
3/20/2020Wells Fargo & CompanyLower TargetUnderweight$17.00 ➝ $7.00
3/16/2020Evercore ISIReiterated RatingNeutral$15.00
3/16/2020Morgan StanleyDowngradeOverweight ➝ Equal Weight
3/11/2020JPMorgan Chase & Co.Lower TargetOverweight$22.00 ➝ $16.00
3/6/2020Raymond JamesReiterated RatingBuy
3/4/2020JPMorgan Chase & Co.Lower TargetOverweight$22.50 ➝ $21.50
1/31/2020Wood & CompanyReiterated RatingNeutral ➝ Hold
1/6/2020Wells Fargo & CompanyReiterated RatingSell
12/11/2019Tudor PickeringUpgradeHold ➝ Buy$23.00
12/9/2019Wells Fargo & CompanyReiterated RatingSell
11/12/2019CIBCBoost TargetBuy$23.00 ➝ $24.00
(Data available from 10/30/2019 forward)

News Sentiment Rating

1.25 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 30 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/3/2024
  • 31 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
5/3/2024
  • 7 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
6/2/2024
  • 8 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/2/2024
  • 7 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/1/2024
  • 11 very positive mentions
  • 9 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/31/2024
  • 28 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/30/2024
  • 32 very positive mentions
  • 11 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/30/2024

Current Sentiment

  • 32 very positive mentions
  • 11 positive mentions
  • 1 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Canadian Natural Resources logo
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO). The company's midstream assets include two pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
Read More

Today's Range

Now: $34.44
Low: $34.16
High: $34.59

50 Day Range

MA: $34.86
Low: $31.97
High: $37.59

52 Week Range

Now: $34.44
Low: $29.45
High: $41.29

Volume

1,801,812 shs

Average Volume

5,406,460 shs

Market Capitalization

$73.28 billion

P/E Ratio

13.25

Dividend Yield

4.43%

Beta

1.5

Frequently Asked Questions

What sell-side analysts currently cover shares of Canadian Natural Resources?

The following equities research analysts have issued reports on Canadian Natural Resources in the last year: Desjardins, JPMorgan Chase & Co., Raymond James, Royal Bank of Canada, Scotiabank, StockNews.com, and Wolfe Research.
View the latest analyst ratings for CNQ.

What is the current price target for Canadian Natural Resources?

2 Wall Street analysts have set twelve-month price targets for Canadian Natural Resources in the last year. Their average twelve-month price target is $49.50, suggesting a possible upside of 43.7%. JPMorgan Chase & Co. has the highest price target set, predicting CNQ will reach $51.00 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of $48.00 for Canadian Natural Resources in the next year.
View the latest price targets for CNQ.

What is the current consensus analyst rating for Canadian Natural Resources?

Canadian Natural Resources currently has 4 hold ratings and 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in CNQ, but not buy more shares or sell existing shares.
View the latest ratings for CNQ.

What other companies compete with Canadian Natural Resources?

Other companies that are similar to Canadian Natural Resources include Shell, TotalEnergies, EOG Resources, ENI and Occidental Petroleum. Learn More about companies similar to Canadian Natural Resources.

How do I contact Canadian Natural Resources' investor relations team?

Canadian Natural Resources' physical mailing address is 2100 855-2 STREET SW, CALGARY A0, T2P 4J8. The oil and gas producer's listed phone number is (403) 514-7777 and its investor relations email address is [email protected]. The official website for Canadian Natural Resources is www.cnrl.com. Learn More about contacing Canadian Natural Resources investor relations.