Canadian Natural Resources Limited (CNQ)
NYSE: CNQ · Real-Time Price · USD
33.78
+0.11 (0.33%)
At close: Nov 20, 2024, 4:00 PM
34.08
+0.30 (0.89%)
Pre-market: Nov 21, 2024, 7:31 AM EST

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 59.86% from the current stock price of 33.78.

Analyst Consensus: Hold
Target Low Average Median High
Price $51 $54 $57 $57
Change +50.98% +59.86% +68.74% +68.74%
* 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 Jun '24Jul '24Aug '24Sep '24Oct '24Nov '24
Strong Buy 000000
Buy 222220
Hold 444442
Sell 000000
Strong Sell 000000
Total 666662

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Scotiabank
Scotiabank
Hold
Maintains
$114$57
Hold Maintains $114$57 +68.74% Jun 11, 2024
JP Morgan
JP Morgan
Hold
Maintains
$51$51
Hold Maintains $51$51 +50.98% Jan 11, 2024
CIBC
CIBC
Buy
Maintains
$45$47
Buy Maintains $45$47 +37.66% Aug 29, 2023
Jefferies
Jefferies
Hold
Maintains
$42$47
Hold Maintains $42$47 +39.14% Aug 28, 2023
Wells Fargo
Wells Fargo
Hold
Maintains
$40$43
Hold Maintains $40$43 +25.81% Aug 4, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
36.09B
from 35.97B
Increased by 0.34%
Revenue Next Year
38.09B
from 36.09B
Increased by 5.55%
EPS This Year
3.45
from 3.74
Decreased by -7.57%
EPS Next Year
3.59
from 3.45
Increased by 4.13%
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
22.87B16.89B30.06B42.30B35.97B36.09B38.09B37.78B
Revenue Growth
8.77%-26.14%77.93%40.73%-14.97%0.34%5.55%-0.81%
EPS
2.27-0.193.234.763.743.453.594.38
EPS Growth
114.15%--47.37%-21.53%-7.57%4.13%21.73%
Forward PE
-----13.6713.1310.78
No. Analysts -----171710
Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
High 42.8B 50.7B 47.0B
Avg 36.1B 38.1B 37.8B
Low 31.2B 29.8B 28.1B

Revenue Growth

Revenue Growth 20242025202620272028
High
19.0%
40.6%
23.5%
Avg
0.3%
5.5%
-0.8%
Low
-13.1%
-17.5%
-26.3%

EPS Forecast

EPS 20242025202620272028
High 4.59 5.48 6.65
Avg 3.45 3.59 4.38
Low 2.91 2.40 2.45

EPS Growth

EPS Growth 20242025202620272028
High
22.9%
58.8%
84.9%
Avg
-7.6%
4.1%
21.7%
Low
-22.0%
-30.6%
-31.8%
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.