Canadian Natural Resources Limited (CNQ)

Canadian Natural Resources Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for CNQ stock have an average target of 48.8, with a low estimate of 42.5 and a high estimate of 57. The average target predicts an increase of 38.72% from the current stock price of 35.18.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$42.5	$48.8	$47	$57
Change	+20.81%	+38.72%	+33.60%	+62.02%

* Price targets were last updated on Jun 11, 2024.

Analyst Ratings

The average analyst rating for Canadian Natural Resources stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	0	0	0	0	0	0
Buy	2	2	2	2	2	1
Hold	3	3	3	3	4	4
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	5	5	5	5	6	5

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jason Bouvier Scotiabank	Scotiabank	Hold Maintains $114 → $57	Hold	Maintains	$114 → $57	+62.02%	Jun 11, 2024
John Royall JP Morgan	JP Morgan	Hold Maintains $51 → $51	Hold	Maintains	$51 → $51	+44.97%	Jan 11, 2024
Dennis Fong CIBC	CIBC	Buy Maintains $45 → $47	Buy	Maintains	$45 → $47	+32.18%	Aug 29, 2023
Lloyd Byrne Jefferies	Jefferies	Hold Maintains $42 → $47	Hold	Maintains	$42 → $47	+33.60%	Aug 28, 2023
Roger Read Wells Fargo	Wells Fargo	Hold Maintains $40 → $43	Hold	Maintains	$40 → $43	+20.81%	Aug 4, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

36.92B

Increased by 2.64%

from 35.97B

Revenue Next Year

39.59B

Increased by 7.24%

from 36.92B

EPS This Year

3.69

Decreased by -1.25%

from 3.74

EPS Next Year

4.63

Increased by 25.63%

from 3.69

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	22.87B	16.89B	30.06B	42.30B	35.97B	36.92B	39.59B	39.51B	34.20B	33.78B
Revenue Growth	8.77%	-26.14%	77.93%	40.73%	-14.97%	2.64%	7.24%	-0.20%	-13.45%	-1.22%
EPS	2.27	-0.19	3.23	4.76	3.74	3.69	4.63	4.86	6.44	5.40
EPS Growth	114.15%	-	-	47.37%	-21.53%	-1.25%	25.63%	4.79%	32.72%	-16.19%
Forward PE	-	-	-	-	-	9.54	7.59	7.25	5.46	6.51
No. Analysts	-	-	-	-	-	15	14	7	2	2

Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	46.5B	51.5B	50.1B	35.6B	35.1B
Avg	36.9B	39.6B	39.5B	34.2B	33.8B
Low	30.4B	30.6B	33.2B	33.2B	32.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	29.2%	39.4%	26.6%	-10.0%	2.7%
Avg	2.6%	7.2%	-0.2%	-13.5%	-1.2%
Low	-15.4%	-17.2%	-16.2%	-16.0%	-4.2%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.15	5.92	6.82	6.70	5.61
Avg	3.69	4.63	4.86	6.44	5.40
Low	3.24	3.83	3.62	6.25	5.24

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	11.0%	60.4%	47.2%	38.0%	-12.9%
Avg	-1.3%	25.6%	4.8%	32.7%	-16.2%
Low	-13.1%	3.7%	-21.9%	28.8%	-18.7%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.