Canadian Natural Resources Limited (CNQ)
NYSE: CNQ · IEX Real-Time Price · USD
76.83
-0.39 (-0.51%)
At close: Apr 18, 2024, 4:00 PM
77.00
+0.17 (0.22%)
Pre-market: Apr 19, 2024, 7:10 AM EDT
Canadian Natural Resources Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for CNQ stock have an average target of 93.4, with a low estimate of 85 and a high estimate of 102. The average target predicts an increase of 21.57% from the current stock price of 76.83.
Analyst Consensus: Hold
* Price targets were last updated on Jan 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 0 | 0 | 0 | 0 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 2 | 2 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JP Morgan | JP Morgan | Hold Maintains $101 → $102 | Hold | Maintains | $101 → $102 | +32.76% | Jan 11, 2024 |
| CIBC | CIBC | Buy Maintains $90 → $93 | Buy | Maintains | $90 → $93 | +21.05% | Aug 29, 2023 |
| Jefferies | Jefferies | Hold Maintains $84 → $94 | Hold | Maintains | $84 → $94 | +22.35% | Aug 28, 2023 |
| Wells Fargo | Wells Fargo | Hold Maintains $80 → $85 | Hold | Maintains | $80 → $85 | +10.63% | Aug 4, 2023 |
| National Bank Financial Inc | National Bank Financial Inc | Buy Maintains $105 → $93 | Buy | Maintains | $105 → $93 | +21.05% | Jun 29, 2023 |
Financial Forecast
Revenue This Year
36.93B
from 35.97B
Increased by 2.68%
Revenue Next Year
41.18B
from 36.93B
Increased by 11.52%
EPS This Year
7.68
from 7.47
Increased by 2.78%
EPS Next Year
9.45
from 7.68
Increased by 23.03%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 42.6B | 46.6B | 46.4B |
| Avg | 36.9B | 41.2B | 39.9B |
| Low | 31.9B | 36.9B | 34.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 18.5% | 26.2% | 12.6% |
| Avg | 2.7% | 11.5% | -3.1% |
| Low | -11.2% | -0.2% | -16.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 9.37 | 12.09 | 13.93 | 11.93 |
| Avg | 7.68 | 9.45 | 9.60 | 11.48 |
| Low | 6.52 | 6.71 | 6.52 | 11.14 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 25.4% | 57.4% | 47.5% | 24.3% |
| Avg | 2.8% | 23.0% | 1.6% | 19.6% |
| Low | -12.8% | -12.6% | -31.0% | 16.1% |
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.