Canadian Natural Resources Limited (TSX:CNQ)
Canada · Delayed Price · Currency is CAD 58.66
+0.71 (1.23%)
Jun 19, 2026, 4:00 PM EST
TSX:CNQ Stock Forecast
Stock Price Forecast
According to 22 analysts polled by S&P Global, TSX:CNQ stock has a consensus rating of "Buy" and an average price target of $71.40. The average 1-year stock price forecast is 21.72% higher than the current stock price, while the lowest is $56.00 (-4.53%) and the highest is $90.00 (+53.43%).
Price Target: $71.40 (+21.72%)
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for TSX:CNQ stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '26 | Feb '26 | Mar '26 | Apr '26 | May '26 | Jun '26 |
|---|---|---|---|---|---|---|
| Strong Buy | 9 | 9 | 7 | 7 | 7 | 7 |
| Buy | 4 | 4 | 3 | 3 | 4 | 4 |
| Hold | 9 | 9 | 9 | 10 | 10 | 10 |
| Sell | 1 | 1 | 2 | 2 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 23 | 23 | 21 | 22 | 22 | 22 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Goldman Sachs | Goldman Sachs | Buy Maintains $73.91 | Buy | Maintains | $73.91 | +26.00% | May 28, 2026 |
| Scotiabank | Scotiabank | Buy Maintains $70.00 → $74.00 | Buy | Maintains | $70.00 → $74.00 | +26.15% | May 20, 2026 |
| TD Cowen | TD Cowen | Buy Maintains $72.00 | Buy | Maintains | $72.00 | +22.74% | May 8, 2026 |
| ATB Cormark Capital Markets | ATB Cormark Capital Markets | Buy Reiterates $70.00 | Buy | Reiterates | $70.00 | +19.33% | May 8, 2026 |
| BMO Capital | BMO Capital | Buy Reiterates $60.96 → $75.00 | Buy | Reiterates | $60.96 → $75.00 | +27.86% | May 8, 2026 |
Financial Forecast
Revenue This Year
46.22B
from 38.76B
Increased by 19.25%
Revenue Next Year
41.74B
from 46.22B
Decreased by -9.71%
EPS This Year
5.96
from 3.55
Increased by 67.87%
EPS Next Year
5.09
from 5.96
Decreased by -14.60%
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CAD.
Revenue Forecast
| Revenue | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 48.7B | ||
| Avg | 46.2B | ||
| Low | 44.9B |
Revenue Growth
| Revenue Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 25.5% | ||
| Avg | 19.2% | ||
| Low | 15.7% |
EPS Forecast
| EPS | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 6.46 | ||
| Avg | 5.96 | ||
| Low | 5.34 |
EPS Growth
| EPS Growth | 2026 | 2027 | 2028 |
|---|---|---|---|
| High | 82.0% | ||
| Avg | 67.9% | ||
| Low | 50.5% |