Canadian Natural Resources - CNQ Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $86.79
  • Forecasted Upside: 55.87 %
  • Number of Analysts: 12
  • Breakdown:
  • 0 Sell Ratings
  • 6 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
$55.68
▼ -0.31 (-0.55%)

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 $86.79
▲ +55.87% Upside Potential
This price target is based on 12 analysts offering 12 month price targets for Canadian Natural Resources in the last 3 months. The average price target is $86.79, with a high forecast of $115.00 and a low forecast of $53.00. The average price target represents a 55.87% upside from the last price of $55.68.

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 Buy

The current consensus among 12 polled investment analysts is to buy stock in Canadian Natural Resources. This Buy 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
  • 11 buy ratings
  • 7 hold ratings
  • 0 sell ratings
2/25/2021
  • 0 strong buy ratings
  • 11 buy ratings
  • 6 hold ratings
  • 0 sell ratings
5/26/2021
  • 0 strong buy ratings
  • 10 buy ratings
  • 5 hold ratings
  • 0 sell ratings
8/24/2021
  • 0 strong buy ratings
  • 10 buy ratings
  • 5 hold ratings
  • 0 sell ratings
11/22/2021
  • 0 strong buy ratings
  • 11 buy ratings
  • 6 hold ratings
  • 0 sell ratings
2/20/2022
  • 0 strong buy ratings
  • 8 buy ratings
  • 6 hold ratings
  • 0 sell ratings
5/21/2022
  • 0 strong buy ratings
  • 7 buy ratings
  • 6 hold ratings
  • 0 sell ratings
7/20/2022
  • 0 strong buy ratings
  • 6 buy ratings
  • 6 hold ratings
  • 0 sell ratings
8/19/2022

Latest Recommendations

  • 0 strong buy ratings
  • 6 buy ratings
  • 6 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
8/11/2022Credit Suisse GroupReiterated RatingNeutralLow
7/19/2022Bank of AmericaUpgradeNeutral ➝ Buy$100.00Low
7/18/2022National Bank FinancialLower TargetC$115.00 ➝ C$100.00Low
6/30/2022Stifel NicolausBoost TargetC$111.00 ➝ C$115.00Low
6/16/2022National Bank FinancialBoost TargetC$100.00 ➝ C$115.00Low
6/8/2022ScotiabankDowngradeSector Outperform ➝ Sector PerformLow
5/20/2022The Goldman Sachs GroupBoost TargetNeutral$64.00 ➝ $72.00Low
5/9/2022Credit Suisse GroupBoost TargetC$85.00 ➝ C$93.00Medium
5/6/2022BMO Capital MarketsBoost TargetC$92.00 ➝ C$95.00Low
5/6/2022TD SecuritiesBoost TargetC$90.00 ➝ C$94.00Low
4/18/2022ScotiabankBoost TargetC$80.00 ➝ C$88.00Low
4/14/2022CIBCBoost TargetC$80.00 ➝ C$90.00Low
4/14/2022National Bank FinancialBoost TargetC$90.00 ➝ C$100.00Low
3/31/2022Royal Bank of CanadaBoost TargetC$80.00 ➝ C$85.00Medium
3/11/2022Wells Fargo & CompanyBoost TargetEqual Weight$61.00 ➝ $79.00Low
3/7/2022Stifel NicolausBoost TargetC$80.00 ➝ C$100.00Low
3/7/2022Royal Bank of CanadaBoost TargetC$79.00 ➝ C$80.00Low
3/7/2022DesjardinsBoost TargetC$75.00 ➝ C$85.00Low
3/7/2022Credit Suisse GroupBoost TargetNeutralC$63.00 ➝ C$74.00Low
2/4/2022National Bank FinancialBoost TargetC$74.00 ➝ C$90.00Low
1/24/2022The Goldman Sachs GroupDowngradeBuy ➝ Neutral$58.00 ➝ $54.00Medium
1/13/2022Stifel NicolausBoost TargetC$67.50 ➝ C$80.00High
1/13/2022ScotiabankBoost TargetC$60.00 ➝ C$64.00Medium
1/12/2022National Bank FinancialLower TargetC$76.00 ➝ C$74.00Medium
1/12/2022TD SecuritiesBoost TargetC$63.00 ➝ C$69.00Medium
1/12/2022Royal Bank of CanadaBoost TargetOutperformC$60.00 ➝ C$66.00Medium
1/10/2022Bank of AmericaInitiated CoverageBuy ➝ Buy$54.00Low
12/9/2021JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral$62.00 ➝ $66.00Medium
11/5/2021TD SecuritiesBoost TargetBuyC$58.00 ➝ C$61.00Low
10/18/2021Credit Suisse GroupBoost TargetNeutralC$53.00 ➝ C$59.00Low
10/15/2021CIBCBoost TargetOutperformC$58.00 ➝ C$62.00Low
10/14/2021ScotiabankBoost TargetOutperformC$52.00 ➝ C$60.00High
10/7/2021Morgan StanleyInitiated CoverageEqual Weight$53.00Low
9/29/2021National Bank FinancialBoost TargetOutperformC$61.00 ➝ C$70.00Medium
9/23/2021Stifel NicolausBoost TargetBuyC$65.00 ➝ C$67.50High
8/6/2021Royal Bank of CanadaBoost TargetOutperform$53.00 ➝ $55.00N/A
8/6/2021TD SecuritiesBoost TargetBuyC$52.00 ➝ C$55.00Low
7/20/2021Raymond JamesInitiated CoverageBuy$55.00Medium
7/19/2021National Bank FinancialLower TargetOutperformC$66.00 ➝ C$63.00Medium
7/16/2021BarclaysBoost TargetOverweightC$48.00 ➝ C$51.00High
7/15/2021ScotiabankBoost TargetOutperformC$50.00 ➝ C$52.00Medium
7/14/2021CIBCBoost TargetOutperformC$48.00 ➝ C$58.00Medium
6/30/2021Wells Fargo & CompanyBoost TargetEqual Weight$42.00 ➝ $45.00Medium
6/28/2021Stifel NicolausBoost TargetBuyC$60.00 ➝ C$64.50Low
6/11/2021The Goldman Sachs GroupUpgradeNeutral ➝ Buy$38.00 ➝ $44.00Low
5/7/2021Tudor PickeringReiterated RatingBuyLow
5/7/2021Royal Bank of CanadaBoost TargetOutperform$44.00 ➝ $45.00Medium
4/15/2021ScotiabankBoost TargetOutperform$42.00 ➝ $48.00Low
4/15/2021Tudor PickeringReiterated RatingBuyLow
4/2/2021BarclaysReiterated RatingBuy$49.00N/A
3/22/2021Credit Suisse GroupDowngradeOutperform ➝ Neutral$52.00High
3/10/2021CIBCBoost TargetOutperform$42.00 ➝ $46.00Medium
3/9/2021Credit Suisse GroupBoost TargetOutperform$42.00 ➝ $52.00Low
3/8/2021DesjardinsBoost TargetBuy$38.00 ➝ $46.00Medium
3/7/2021Royal Bank of CanadaReiterated RatingBuyMedium
3/5/2021BMO Capital MarketsBoost TargetOutperform$42.00 ➝ $45.00Low
3/5/2021Stifel NicolausBoost TargetBuy$50.00 ➝ $54.00Low
3/5/2021TD SecuritiesBoost TargetBuy$39.00 ➝ $42.00Low
1/29/2021BarclaysBoost TargetOverweight$41.00 ➝ $42.00Medium
1/14/2021Credit Suisse GroupBoost TargetOutperform$32.00 ➝ $38.00Low
1/14/2021ScotiabankBoost TargetOutperform$33.00 ➝ $42.00Low
1/13/2021The Goldman Sachs GroupDowngradeBuy ➝ Neutral$27.00 ➝ $28.00Low
1/6/2021National Bank FinancialReiterated RatingOutperformN/A
12/16/2020CIBCBoost TargetOutperform$31.00 ➝ $42.00Low
12/15/2020Wells Fargo & CompanyUpgradeUnderweight ➝ Equal WeightMedium
12/10/2020BMO Capital MarketsBoost TargetOutperform$30.00 ➝ $36.00Low
12/10/2020TD SecuritiesBoost TargetBuy$26.00 ➝ $34.00Low
11/12/2020CIBCBoost TargetOutperform$30.00 ➝ $31.00Low
11/6/2020TD SecuritiesBoost TargetBuy$25.00 ➝ $26.00Low
10/26/2020CIBCInitiated CoverageOutperform$30.00High
10/20/2020Morgan StanleyLower TargetOverweight$36.00 ➝ $31.00Medium
9/2/2020BarclaysInitiated CoverageOverweight$30.00Low
8/7/2020Stifel NicolausBoost TargetBuy$27.00 ➝ $32.00Low
8/7/2020Raymond JamesBoost TargetOutperform$32.00 ➝ $33.00Low
8/7/2020Tudor PickeringReiterated RatingBuy$29.00High
7/8/2020Morgan StanleyUpgradeEqual Weight ➝ Overweight$24.00 ➝ $32.00Low
7/2/2020Credit Suisse GroupReiterated RatingOutperform$29.00 ➝ $32.00Medium
6/29/2020UBS GroupBoost TargetBuy$28.00 ➝ $37.00Medium
6/23/2020National Bank FinancialUpgradeSector Perform ➝ Outperform$39.00High
6/17/2020Deutsche Bank AktiengesellschaftBoost TargetPositive ➝ Hold$84.00 ➝ $92.00High
5/29/2020Wells Fargo & CompanyBoost TargetUnderweight$16.00 ➝ $17.00Low
5/14/2020The Goldman Sachs GroupUpgradeNeutral ➝ Buy$15.00 ➝ $21.00Low
5/8/2020Royal Bank of CanadaBoost TargetOutperform$24.00 ➝ $27.00Medium
5/1/2020Evercore ISIUpgradeIn-Line ➝ Outperform$30.00Low
3/31/2020UBS GroupLower TargetBuy$55.00 ➝ $28.00High
3/20/2020Royal Bank of CanadaLower TargetOutperform$27.00 ➝ $25.00Low
3/20/2020Wells Fargo & CompanyLower TargetUnderweight$34.00 ➝ $14.00High
3/16/2020Evercore ISIReiterated RatingNeutral$30.00High
3/16/2020Morgan StanleyDowngradeOverweight ➝ Equal WeightHigh
3/11/2020JPMorgan Chase & Co.Lower TargetOverweight$44.00 ➝ $32.00High
3/6/2020Raymond JamesReiterated RatingBuyLow
3/4/2020JPMorgan Chase & Co.Lower TargetOverweight$45.00 ➝ $43.00Low
1/31/2020Wood & CompanyReiterated RatingNeutral ➝ HoldLow
1/6/2020Wells Fargo & CompanyReiterated RatingSellN/A
12/11/2019Tudor PickeringUpgradeHold ➝ Buy$46.00Low
12/9/2019Wells Fargo & CompanyReiterated RatingSellLow
11/12/2019CIBCBoost TargetBuy$46.00 ➝ $48.00Low
10/18/2019Royal Bank of CanadaLower TargetBuy$45.00 ➝ $42.00Low
10/15/2019CIBCSet TargetBuy$46.00Low
10/8/2019Tudor PickeringDowngradeBuy ➝ HoldHigh
10/2/2019National Bank FinancialDowngradeOutperform ➝ Sector PerformHigh
9/27/2019The Goldman Sachs GroupSet TargetHold$29.00High
9/10/2019Credit Suisse GroupSet TargetBuy$48.00N/A
9/6/2019Wells Fargo & CompanyDowngradeMarket Perform ➝ UnderperformLow
8/4/2019CIBCReiterated RatingBuy$48.00High
7/22/2019The Goldman Sachs GroupReiterated RatingBuy ➝ NeutralLow
5/10/2019Raymond JamesReiterated RatingBuyHigh
5/10/2019Royal Bank of CanadaReiterated RatingAverage$45.00Low
4/25/2019Edward JonesDowngradeBuy ➝ HoldLow
4/3/2019Evercore ISIUpgradeIn-Line ➝ Outperform$27.83Low
4/2/2019ScotiabankReiterated RatingBuyLow
3/13/2019Evercore ISIInitiated CoverageIn-line ➝ In-LineLow
3/11/2019MizuhoInitiated CoverageBuy ➝ Buy$45.00Low
3/5/2019Royal Bank of CanadaReiterated RatingBuyHigh
2/8/2019Raymond JamesReiterated RatingBuyLow
2/2/2019CIBCReiterated RatingBuyMedium
1/29/2019Morgan StanleyReiterated RatingBuyMedium
1/28/2019Credit Suisse GroupInitiated CoverageOutperform ➝ Outperform$48.00Low
1/24/2019Tudor PickeringUpgradeHold ➝ BuyMedium
1/7/2019BMO Capital MarketsReiterated RatingAverage ➝ Buy$45.00Low
1/7/2019Royal Bank of CanadaReiterated RatingAverage$45.00Low
12/10/2018GMP SecuritiesReiterated RatingBuyMedium
12/7/2018TD SecuritiesReiterated RatingBuyLow
12/7/2018CitigroupLower TargetNeutral ➝ Neutral$38.00 ➝ $29.00Medium
12/6/2018BMO Capital MarketsReiterated RatingBuyLow
12/4/2018MacquarieUpgradeNeutral ➝ OutperformMedium
11/20/2018Morgan StanleyLower TargetOverweight ➝ Overweight$60.00 ➝ $50.00Low
11/2/2018Raymond JamesReiterated RatingBuyLow
11/2/2018Royal Bank of CanadaReiterated RatingBuyLow
10/12/2018Morgan StanleyLower TargetOverweight$64.00 ➝ $60.00Low
10/9/2018MacquarieDowngradeOutperform ➝ NeutralMedium
10/5/2018CIBCInitiated CoverageSector Outperform ➝ Sector OutperformMedium
9/20/2018Royal Bank of CanadaDowngradeTop Pick ➝ Outperform$38.40Low
6/27/2018Evercore ISIInitiated CoverageInlineLow
5/23/2018Morgan StanleyBoost TargetOverweight ➝ Overweight$55.00 ➝ $64.00Low
4/16/2018Morgan StanleyLower TargetOverweight ➝ Overweight$58.00 ➝ $55.00Low
3/7/2018UBS GroupInitiated CoverageBuyLow
2/6/2018Wells Fargo & CompanyDowngradeOutperform ➝ Market PerformHigh
1/24/2018Morgan StanleyBoost TargetOverweight ➝ Overweight$52.00 ➝ $58.00Low
1/15/2018AltaCorp CapitalReiterated RatingBuy$52.00Low
10/13/2017Morgan StanleyBoost TargetOverweight$46.00 ➝ $52.00N/A
(Data available from 8/19/2017 forward)

News Sentiment Rating

1.06 (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
  • 7 very positive mentions
  • 1 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
1/21/2022
  • 3 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
2/20/2022
  • 3 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/22/2022
  • 9 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
4/21/2022
  • 4 very positive mentions
  • 8 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
5/21/2022
  • 9 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
6/20/2022
  • 5 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
7/20/2022
  • 4 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
8/19/2022

Current Sentiment

  • 4 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
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 synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream and refining assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2020, the company had total proved crude oil, bitumen, and NGLs reserves were 10,528 million barrels (MMbbl); total proved plus probable crude oil, bitumen, and NGLs reserves were 13,271 MMbbl; proved SCO reserves were 6,998 MMbbl; total proved plus probable SCO reserves were 7,535 MMbbl; proved natural gas reserves were 12,168 billion cubic feet (Bcf); and total proved plus probable natural gas reserves were 20,249 Bcf. 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.
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Today's Range

Now: $55.68
Low: $55.15
High: $56.15

50 Day Range

MA: $52.75
Low: $46.62
High: $61.60

52 Week Range

Now: $55.68
Low: $29.75
High: $70.60

Volume

5,292,671 shs

Average Volume

3,316,372 shs

Market Capitalization

$62.56 billion

P/E Ratio

7.31

Dividend Yield

4.23%

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: Bank of America Co., BMO Capital Markets, CIBC, Credit Suisse Group AG, Desjardins, JPMorgan Chase & Co., Morgan Stanley, National Bank Financial, Royal Bank of Canada, Scotiabank, Stifel Nicolaus, StockNews.com, TD Securities, The Goldman Sachs Group, Inc., TheStreet, and Wells Fargo & Company.
View the latest analyst ratings for CNQ.

What is the current price target for Canadian Natural Resources?

14 Wall Street analysts have set twelve-month price targets for Canadian Natural Resources in the last year. Their average twelve-month price target is $86.79, suggesting a possible upside of 55.2%. Stifel Nicolaus has the highest price target set, predicting CNQ will reach $115.00 in the next twelve months. Morgan Stanley has the lowest price target set, forecasting a price of $53.00 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 6 hold ratings and 6 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe CNQ will outperform the market and that investors should add to their positions of Canadian Natural Resources.
View the latest ratings for CNQ.

What other companies compete with 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) 517-6700 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.