Canadian Natural Resources Limited (TSX:CNQ)
Canada flag Canada · Delayed Price · Currency is CAD
68.99
-0.11 (-0.16%)
Oct 5, 2026, 3:30 PM EST

TSX:CNQ Stock Forecast

Stock Price Forecast

According to 23 analysts polled by S&P Global, TSX:CNQ stock has a consensus rating of "Buy" and an average price target of $72.57. The average 1-year stock price forecast is 5.19% higher than the current stock price, while the lowest is $62.00 (-10.13%) and the highest is $84.00 (+21.76%).

Price Target: $72.57 (+5.19%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$62.00$72.57$72.00$84.00
Change-10.13%+5.19%+4.36%+21.76%

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

Chart
RatingApr '26May '26Jun '26Jul '26Aug '26Sep '26
Strong Buy777777
Buy343444
Hold101011101111
Sell211211
Strong Sell000000
Total222222232323

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Raymond James
Raymond James
Buy
Maintains
$66.00 → $70.00
BuyMaintains$66.00 → $70.00+1.46%Sep 16, 2026
CIBC
CIBC
Buy
Maintains
$70.00 → $75.00
BuyMaintains$70.00 → $75.00+8.71%Aug 27, 2026
Goldman Sachs
Goldman Sachs
Buy
Maintains
$78.08 → $82.34
BuyMaintains$78.08 → $82.34+19.35%Aug 20, 2026
Morgan Stanley
Morgan Stanley
Hold
Maintains
$67.00 → $72.00
HoldMaintains$67.00 → $72.00+4.36%Aug 19, 2026
Jefferies
Jefferies
Hold
Maintains
$64.00 → $70.00
HoldMaintains$64.00 → $70.00+1.46%Aug 17, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
48.08B
from 38.76B
Increased by 24.04%
Revenue Next Year
42.36B
from 48.08B
Decreased by -11.89%
EPS This Year
6.06
from 3.55
Increased by 70.83%
EPS Next Year
5.46
from 6.06
Decreased by -9.95%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
30.06B42.30B35.97B35.66B38.76B48.08B
Revenue Growth
77.93%40.73%-14.97%-0.87%8.71%24.04%
Gross Profit
16.30B23.61B18.19B17.58B18.79B26.11B
Gross Margin
54.23%55.83%50.56%49.30%48.46%54.30%
Operating Income
9.48B14.80B10.47B9.72B8.16B17.23B
Net Income
7.66B10.94B8.23B6.11B10.82B11.42B
EPS
----3.556.06
EPS Growth
----2.60%70.83%
Forward PE
7.497.4010.3511.7514.6911.38
Dividend / Share
1.001.551.852.142.352.49
Dividend Growth
17.51%55.19%19.36%15.54%9.94%5.96%
Free Cash Flow
----8.78B13.13B
No. Analysts
-----6
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CAD.

Revenue Forecast

Revenue202620272028
High49.7B
Avg48.1B
Low44.8B

Revenue Growth

Revenue Growth202620272028
High
28.2%
Avg
24.0%
Low
15.4%

EPS Forecast

EPS202620272028
High6.83
Avg6.06
Low5.23

EPS Growth

EPS Growth202620272028
High
92.4%
Avg
70.8%
Low
47.3%