Canadian Natural Resources Stock Forecast

Stock Price Forecast

According to 23 analysts polled by S&P Global, Canadian Natural Resources stock has a consensus rating of "Buy" and an average price target of $49.04. The average 1-year stock price forecast is 2.81% lower than the current stock price, while the lowest is $44.43 (-11.95%) and the highest is $57.49 (+13.93%).

Price Target: $49.04 (-2.81%)

Analyst Consensus: Buy

Price Target

Chart

Target	Low	Average	Median	High
Price	$44.43	$49.04	$47.13	$57.49
Change	-11.95%	-2.81%	-6.60%	+13.93%

Analyst Ratings

The average analyst rating for Canadian Natural Resources stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart

Rating	Apr '26	May '26	Jun '26	Jul '26	Aug '26	Sep '26
Strong Buy	7	7	7	7	7	7
Buy	3	4	3	4	4	4
Hold	10	10	11	10	11	11
Sell	2	1	1	2	1	1
Strong Sell	0	0	0	0	0	0
Total	22	22	22	23	23	23

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Dennis Fong CIBC	CIBC	Buy Maintains $50 → $54	Buy	Maintains	$50 → $54	+6.85%	Aug 27, 2026
Neil Mehta Goldman Sachs	Goldman Sachs	Buy Maintains $55 → $58	Buy	Maintains	$55 → $58	+14.94%	Aug 20, 2026
Devin McDermott Morgan Stanley	Morgan Stanley	Hold Maintains $48 → $52	Hold	Maintains	$48 → $52	+2.58%	Aug 19, 2026
Lloyd Byrne Jefferies	Jefferies	Hold Maintains $46 → $50	Hold	Maintains	$46 → $50	-0.27%	Aug 17, 2026
Arun Jayaram J.P. Morgan	J.P. Morgan	Hold Maintains $48 → $54	Hold	Maintains	$48 → $54	+6.85%	Aug 13, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

47.30B

from 38.76B

22.02%

from 38.76B

Revenue Next Year

42.22B

from 47.30B

-10.74%

from 47.30B

EPS This Year

5.95

from 3.55

67.70%

from 3.55

EPS Next Year

5.35

from 5.95

-10.15%

from 5.95

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	30.06B	42.30B	35.97B	35.66B	38.76B	47.30B
Revenue Growth	77.93%	40.73%	-14.97%	-0.87%	8.71%	22.02%
Gross Profit	16.30B	23.61B	18.19B	17.58B	18.79B	25.68B
Gross Margin	54.23%	55.83%	50.56%	49.30%	48.46%	54.30%
Operating Income	9.48B	14.80B	10.47B	9.72B	8.16B	16.98B
Net Income	7.66B	10.94B	8.23B	6.11B	10.82B	11.33B
EPS	-	-	-	-	3.55	5.95
EPS Growth	-	-	-	-	2.60%	67.70%
Forward PE	-	-	-	-	-	11.73
Dividend / Share	1.00	1.55	1.85	2.14	2.35	2.49
Dividend Growth	17.51%	55.19%	19.36%	15.54%	9.94%	5.96%
Free Cash Flow	9.07B	11.52B	6.08B	6.77B	6.42B	12.46B
No. Analysts	-	-	-	-	-	6

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is CAD.

Revenue Forecast

Chart

Revenue	2026	2027	2028
High	49.4B
Avg	47.3B
Low	44.8B

Revenue Growth

Chart

Revenue Growth	2026	2027	2028
High	27.5%
Avg	22.0%
Low	15.4%

EPS Forecast

Chart

EPS	2026	2027	2028
High	6.62
Avg	5.95
Low	5.23

EPS Growth

Chart

EPS Growth	2026	2027	2028
High	86.5%
Avg	67.7%
Low	47.3%