Canadian Natural Resources Stock Forecast

Stock Price Forecast

The 2 analysts with 12-month price forecasts for CNQ stock have an average target of 54, with a low estimate of 51 and a high estimate of 57. The average target predicts an increase of 82.56% from the current stock price of 29.58.

Analyst Consensus: Hold

Target	Low	Average	Median	High
Price	$51	$54	$57	$57
Change	+72.41%	+82.56%	+92.70%	+92.70%

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

Analyst Ratings

The average analyst rating for Canadian Natural Resources stock from 2 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.

Recommendation Trends

Rating	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24	Dec '24
Strong Buy	0	0	0	0	0	0
Buy	2	2	2	2	2	0
Hold	4	4	4	4	4	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	6	6	6	6	6	2

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jason Bouvier Scotiabank	Scotiabank	Hold Maintains $114 → $57	Hold	Maintains	$114 → $57	+92.70%	Jun 11, 2024
John Royall JP Morgan	JP Morgan	Hold Maintains $51 → $51	Hold	Maintains	$51 → $51	+72.41%	Jan 11, 2024
Dennis Fong CIBC	CIBC	Buy Maintains $45 → $47	Buy	Maintains	$45 → $47	+57.20%	Aug 29, 2023
Lloyd Byrne Jefferies	Jefferies	Hold Maintains $42 → $47	Hold	Maintains	$42 → $47	+58.89%	Aug 28, 2023
Roger Read Wells Fargo	Wells Fargo	Hold Maintains $40 → $43	Hold	Maintains	$40 → $43	+43.68%	Aug 4, 2023

More Analyst Ratings

Financial Forecast

Revenue This Year

36.01B

from 35.97B

0.10%

from 35.97B

Revenue Next Year

37.12B

from 36.01B

3.09%

from 36.01B

EPS This Year

3.46

from 3.74

-7.45%

from 3.74

EPS Next Year

3.54

from 3.46

2.48%

from 3.46

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	22.87B	16.89B	30.06B	42.30B	35.97B	36.01B	37.12B	37.28B
Revenue Growth	8.77%	-26.14%	77.93%	40.73%	-14.97%	0.10%	3.09%	0.45%
EPS	2.27	-0.19	3.23	4.76	3.74	3.46	3.54	4.19
EPS Growth	114.15%	-	-	47.37%	-21.53%	-7.45%	2.48%	18.23%
Forward PE	-	-	-	-	-	12.30	12.00	10.15
No. Analysts	-	-	-	-	-	17	17	10

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

Revenue Forecast

Revenue	2024	2025	2026
High	41.9B	44.4B	44.2B
Avg	36.0B	37.1B	37.3B
Low	32.9B	29.8B	28.1B

Revenue Growth

Revenue Growth	2024	2025	2026
High	16.4%	23.3%	19.0%
Avg	0.1%	3.1%	0.4%
Low	-8.6%	-17.3%	-24.4%

EPS Forecast

EPS	2024	2025	2026
High	3.77	5.48	6.49
Avg	3.46	3.54	4.19
Low	3.25	2.40	2.46

EPS Growth

EPS Growth	2024	2025	2026
High	0.9%	58.6%	83.2%
Avg	-7.4%	2.5%	18.2%
Low	-12.9%	-30.7%	-30.6%

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.