NYSE:CNQ - Canadian Natural Resources Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $33.69
  • Forecasted Upside: 42.32 %
  • Number of Analysts: 17
  • Breakdown:
  • 1 Sell Ratings
  • 2 Hold Ratings
  • 14 Buy Ratings
  • 0 Strong Buy Ratings
$23.67
▼ -0.26 (-1.09%)
1 month | 3 months | 12 months
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Analyst Price Target for CNQ

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
$33.69
▲ +42.32% Upside Potential
This price target is based on 17 analysts offering 12 month price targets for Canadian Natural Resources in the last 3 months. The average price target is $33.69, with a high forecast of $92.00 and a low forecast of $17.00. The average price target represents a 42.32% upside from the last price of $23.67.
Buy
The current consensus among 17 investment analysts is to buy stock in Canadian Natural Resources. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 14 buy ratings
  • 2 hold ratings
  • 0 sell ratings
6/5/2019
  • 0 strong buy ratings
  • 15 buy ratings
  • 2 hold ratings
  • 0 sell ratings
9/3/2019
  • 0 strong buy ratings
  • 16 buy ratings
  • 2 hold ratings
  • 1 sell ratings
12/2/2019
  • 0 strong buy ratings
  • 11 buy ratings
  • 2 hold ratings
  • 1 sell ratings
3/1/2020
  • 0 strong buy ratings
  • 12 buy ratings
  • 1 hold ratings
  • 1 sell ratings
5/30/2020
  • 0 strong buy ratings
  • 12 buy ratings
  • 2 hold ratings
  • 1 sell ratings
8/28/2020
  • 0 strong buy ratings
  • 13 buy ratings
  • 2 hold ratings
  • 1 sell ratings
10/27/2020
  • 0 strong buy ratings
  • 14 buy ratings
  • 2 hold ratings
  • 1 sell ratings
11/26/2020

Latest Recommendations

  • 0 strong buy ratings
  • 14 buy ratings
  • 2 hold ratings
  • 1 sell ratings

DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
11/12/2020CIBCBoost Price TargetOutperform$30.00 ➝ $31.00Low
i
11/6/2020TD SecuritiesBoost Price TargetBuy$25.00 ➝ $26.00Low
i
10/26/2020CIBCInitiated CoverageOutperform$30.00High
i
10/20/2020Morgan StanleyLower Price TargetOverweight$36.00 ➝ $31.00Medium
i
Rating by Benny Wong at Morgan Stanley
9/2/2020BarclaysInitiated CoverageOverweight$30.00Low
i
8/7/2020Stifel NicolausBoost Price TargetBuy$27.00 ➝ $32.00Low
i
8/7/2020Raymond JamesBoost Price TargetOutperform$32.00 ➝ $33.00Low
i
8/7/2020Tudor PickeringReiterated RatingBuy$29.00High
i
7/8/2020Morgan StanleyUpgradeEqual Weight ➝ Overweight$24.00 ➝ $32.00Low
i
7/2/2020Credit Suisse GroupReiterated RatingOutperform$29.00 ➝ $32.00Medium
i
6/29/2020UBS GroupBoost Price TargetBuy$28.00 ➝ $37.00Medium
i
6/23/2020National Bank FinancialUpgradeSector Perform ➝ Outperform$39.00High
i
Rating by T. Wood at National Bank Financial
6/17/2020Deutsche Bank AktiengesellschaftBoost Price TargetPositive ➝ Hold$84.00 ➝ $92.00High
i
5/29/2020Wells Fargo & CompanyBoost Price TargetUnderweight$16.00 ➝ $17.00Low
i
5/14/2020The Goldman Sachs GroupUpgradeNeutral ➝ Buy$15.00 ➝ $21.00Low
i
5/8/2020Royal Bank of CanadaBoost Price TargetOutperform$24.00 ➝ $27.00Medium
i
5/1/2020Evercore ISIUpgradeIn-Line ➝ Outperform$30.00Low
i
Rating by Stephen Richardson at Evercore ISI
3/31/2020UBS GroupLower Price TargetBuy$55.00 ➝ $28.00High
i
3/20/2020Royal Bank of CanadaLower Price TargetOutperform$27.00 ➝ $25.00Low
i
Rating by Gregory Pardy at Royal Bank of Canada
3/20/2020Wells Fargo & CompanyLower Price TargetUnderweight$34.00 ➝ $14.00High
i
3/16/2020Evercore ISIReiterated RatingNeutral$30.00High
i
3/16/2020Morgan StanleyDowngradeOverweight ➝ Equal WeightHigh
i
3/11/2020JPMorgan Chase & Co.Lower Price TargetOverweight$44.00 ➝ $32.00High
i
3/6/2020Raymond JamesReiterated RatingBuyLow
i
3/4/2020JPMorgan Chase & Co.Lower Price TargetOverweight$45.00 ➝ $43.00Low
i
1/31/2020Wood & CompanyReiterated RatingNeutral ➝ HoldLow
i
1/6/2020Wells Fargo & CompanyReiterated RatingSellN/A
i
Rating by Roger Read at Wells Fargo & Company
12/11/2019Tudor PickeringUpgradeHold ➝ Buy$46.00Low
i
12/9/2019Wells Fargo & CompanyReiterated RatingSellLow
i
Rating by Roger Read at Wells Fargo & Company
11/12/2019CIBCBoost Price TargetBuy$46.00 ➝ $48.00Low
i
Rating by Jon Morrison at CIBC
10/18/2019Royal Bank of CanadaLower Price TargetBuy$45.00 ➝ $42.00Low
i
Rating by Gregory Pardy at Royal Bank of Canada
10/15/2019CIBCSet Price TargetBuy$46.00Low
i
Rating by Jon Morrison at CIBC
10/8/2019Tudor PickeringDowngradeBuy ➝ HoldHigh
i
10/2/2019National Bank FinancialDowngradeOutperform ➝ Sector PerformHigh
i
Rating by T. Wood at National Bank Financial
9/27/2019The Goldman Sachs GroupSet Price TargetHold$29.00High
i
Rating by Neil Mehta at The Goldman Sachs Group, Inc.
9/10/2019Credit Suisse GroupSet Price TargetBuy$48.00N/A
i
Rating by Manav Gupta at Credit Suisse Group AG
9/6/2019Wells Fargo & CompanyDowngradeMarket Perform ➝ UnderperformLow
i
8/4/2019CIBCReiterated RatingBuy$48.00High
i
7/22/2019The Goldman Sachs GroupReiterated RatingBuy ➝ NeutralLow
i
7/9/2019Canaccord GenuityReiterated RatingBuy$53.00Low
i
5/10/2019Raymond JamesReiterated RatingBuyHigh
i
Rating by Chris Cox at Raymond James
5/10/2019Royal Bank of CanadaReiterated RatingAverage$45.00Low
i
Rating by Gregory Pardy at Royal Bank of Canada
4/25/2019Edward JonesDowngradeBuy ➝ HoldLow
i
4/3/2019Evercore ISIUpgradeIn-Line ➝ Outperform$27.83Low
i
4/2/2019ScotiabankReiterated RatingBuyLow
i
Rating by Jason Bouvier at Scotiabank
3/13/2019Evercore ISIInitiated CoverageIn-line ➝ In-LineLow
i
3/11/2019MizuhoInitiated CoverageBuy ➝ Buy$45.00Low
i
3/5/2019Royal Bank of CanadaReiterated RatingBuyHigh
i
Rating by Gregory Pardy at Royal Bank of Canada
2/8/2019Raymond JamesReiterated RatingBuyLow
i
Rating by Chris Cox at Raymond James
2/2/2019CIBCReiterated RatingBuyMedium
i
Rating by Jon Morrison at CIBC
1/29/2019Morgan StanleyReiterated RatingBuyMedium
i
Rating by Benny Wong at Morgan Stanley
1/28/2019Credit Suisse GroupInitiated CoverageOutperform ➝ Outperform$48.00Low
i
1/24/2019Tudor PickeringUpgradeHold ➝ BuyMedium
i
1/7/2019BMO Capital MarketsReiterated RatingAverage ➝ Buy$45.00Low
i
Rating by Randy Ollenberger at BMO Capital Markets
1/7/2019Royal Bank of CanadaReiterated RatingAverage$45.00Low
i
Rating by Gregory Pardy at Royal Bank of Canada
12/10/2018GMP SecuritiesReiterated RatingBuyMedium
i
12/7/2018TD SecuritiesReiterated RatingBuyLow
i
Rating by Menno Hulshof at TD Securities
12/7/2018CitigroupLower Price TargetNeutral ➝ Neutral$38.00 ➝ $29.00Medium
i
12/6/2018BMO Capital MarketsReiterated RatingBuyLow
i
Rating by Randy Ollenberger at BMO Capital Markets
12/4/2018MacquarieUpgradeNeutral ➝ OutperformMedium
i
11/20/2018Canaccord GenuityReiterated RatingBuy ➝ Buy$50.00Medium
i
11/20/2018Morgan StanleyLower Price TargetOverweight ➝ Overweight$60.00 ➝ $50.00Low
i
11/2/2018Raymond JamesReiterated RatingBuyLow
i
Rating by Chris Cox at Raymond James
11/2/2018Royal Bank of CanadaReiterated RatingBuyLow
i
10/12/2018Morgan StanleyLower Price TargetOverweight$64.00 ➝ $60.00Low
i
10/9/2018MacquarieDowngradeOutperform ➝ NeutralMedium
i
10/5/2018CIBCInitiated CoverageSector Outperform ➝ Sector OutperformMedium
i
9/20/2018Royal Bank of CanadaDowngradeTop Pick ➝ Outperform$38.40Low
i
6/27/2018Evercore ISIInitiated CoverageInlineLow
i
5/23/2018Morgan StanleyBoost Price TargetOverweight ➝ Overweight$55.00 ➝ $64.00Low
i
4/16/2018Morgan StanleyLower Price TargetOverweight ➝ Overweight$58.00 ➝ $55.00Low
i
3/7/2018UBS GroupInitiated CoverageBuyLow
i
2/6/2018Wells Fargo & CompanyDowngradeOutperform ➝ Market PerformHigh
i
1/24/2018Morgan StanleyBoost Price TargetOverweight ➝ Overweight$52.00 ➝ $58.00Low
i
1/15/2018AltaCorp CapitalReiterated RatingBuy$52.00Low
i
11/8/2017Canaccord GenuityReiterated RatingBuy$53.00N/A
i
11/2/2017Canaccord GenuityReiterated RatingBuy$48.00N/A
i
10/13/2017Morgan StanleyBoost Price TargetOverweight$46.00 ➝ $52.00N/A
i
9/5/2017Canaccord GenuityReiterated RatingBuy$47.00Low
i
7/21/2017CitigroupDowngradeBuy ➝ Neutral$40.00 ➝ $33.00High
i
7/19/2017Morgan StanleyUpgradeEqual Weight ➝ Overweight$46.00Low
i
6/27/2017National Bank FinancialInitiated CoverageOutperformLow
i
6/22/2017The Goldman Sachs GroupReiterated RatingBuy ➝ Buy$36.00Low
i
3/11/2017Canaccord GenuityReiterated RatingBuy$47.00N/A
i
3/10/2017Royal Bank of CanadaBoost Price TargetTop Pick ➝ Top Pick$55.00 ➝ $60.00Low
i
2/2/2017DesjardinsUpgradeHold ➝ Buy$48.00N/A
i
1/27/2017TD SecuritiesUpgradeHold ➝ BuyN/A
i
1/14/2017Wells Fargo & CompanyReiterated RatingOutperformN/A
i
12/16/2016TD SecuritiesReiterated RatingHold$46.00N/A
i
12/16/2016ScotiabankReiterated RatingOutperform$45.00N/A
i
12/16/2016Royal Bank of CanadaReiterated RatingTop Pick$52.00N/A
i
12/16/2016Wells Fargo & CompanyInitiated CoverageOutperformN/A
i
12/15/2016Nomura InstinetReiterated RatingBuy$44.00 ➝ $48.00N/A
i
11/6/2016ScotiabankReiterated RatingOutperform$44.00N/A
i
10/28/2016Seaport Global SecuritiesInitiated CoverageHold$64.00N/A
i
Rating by Mark Levin at Seaport Global Securities
10/17/2016Royal Bank of CanadaReiterated RatingTop Pick$51.00N/A
i
8/29/2016Royal Bank of CanadaReiterated RatingTop Pick$51.00N/A
i
8/19/2016Bank of AmericaInitiated CoverageBuy$38.00N/A
i
8/10/2016UBS GroupReiterated RatingBuy$39.00 ➝ $45.00N/A
i
8/10/2016TD SecuritiesReiterated RatingHold$40.00N/A
i
Rating by Menno Hulshof at TD Securities
8/10/2016ScotiabankReiterated RatingOutperform$44.00N/A
i
8/5/2016JPMorgan Chase & Co.Boost Price TargetOverweight$46.00 ➝ $47.00N/A
i
Rating by Phil Gresh at JPMorgan Chase & Co.
8/5/2016MacquarieUpgradeNeutral ➝ OutperformN/A
i
6/20/2016Nomura SecuritiesReiterated RatingBuyN/A
i
6/17/2016TD SecuritiesReiterated RatingHold$38.00N/A
i
Rating by Menno Hulshof at TD Securities
6/17/2016ScotiabankReiterated RatingOutperform$35.00 ➝ $42.00N/A
i
6/17/2016CitigroupReiterated RatingBuy$28.63 ➝ $34.00N/A
i
Rating by Robert Morris at Citigroup Inc.
6/16/2016Credit Suisse GroupReiterated RatingBuyN/A
i
6/15/2016Royal Bank of CanadaUpgradeOutperform ➝ Top PickN/A
i
Rating by Gregory Pardy at Royal Bank of Canada
6/14/2016Royal Bank of CanadaBoost Price TargetOutperform$43.00 ➝ $50.00N/A
i
5/19/2016Raymond JamesReiterated RatingOutperformN/A
i
5/9/2016BarclaysReiterated RatingOverweight$36.00 ➝ $39.00N/A
i
5/5/2016National Bank FinancialUpgradeSector Perform ➝ OutperformN/A
i
Rating by K. Preston at National Bank Financial
4/7/2016CitigroupBoost Price TargetBuy$25.00 ➝ $29.00N/A
i
4/1/2016TD SecuritiesDowngradeBuy ➝ HoldN/A
i
3/7/2016Royal Bank of CanadaReiterated RatingOutperform$35.00 ➝ $39.00N/A
i
3/7/2016Raymond JamesReiterated RatingOutperform$36.00 ➝ $41.00N/A
i
3/7/2016National Bank FinancialReiterated RatingSector Perform$32.00 ➝ $35.00N/A
i
3/7/2016CIBCReiterated RatingSector Outperform$36.00 ➝ $40.00N/A
i
3/7/2016BMO Capital MarketsReiterated RatingOutperform$34.00 ➝ $36.00N/A
i
3/4/2016DesjardinsDowngradeBuy ➝ HoldN/A
i
3/4/2016JPMorgan Chase & Co.UpgradeNeutral ➝ OverweightN/A
i
1/30/2016JPMorgan Chase & Co.Reiterated RatingNeutralN/A
i
1/25/2016Royal Bank of CanadaReiterated RatingOutperform$35.00N/A
i
1/21/2016Nomura SecuritiesLower Price TargetBuy$39.00 ➝ $34.00N/A
i
1/12/2016Morgan StanleyDowngradeOverweight ➝ Equal WeightN/A
i
1/12/2016Societe GeneraleReiterated RatingBuy$40.00 ➝ $35.00N/A
i
1/8/2016MacquarieDowngradeOutperform ➝ NeutralN/A
i
1/5/2016CitigroupUpgradeNeutral ➝ Buy$26.00 ➝ $25.00N/A
i
12/15/2015JPMorgan Chase & Co.Lower Price TargetNeutral$33.00 ➝ $30.00N/A
i
(Data available from 11/27/2015 forward)
Canadian Natural Resources logo
Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil. Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose. As of December 31, 2019, the company had gross proved crude oil, bitumen, SCO, and NGLs reserves totaled 9,917 million barrels; gross proved plus probable crude oil, bitumen, SCO, and NGLs reserves totaled 12,651 million barrels; proved natural gas reserves totaled 6,460 billion cubic feet; and gross proved plus probable natural gas reserves totaled 9,607 billion cubic feet. It operates primarily in Western Canada; the United Kingdom portion of the North Sea; and Offshore Africa. The company was formerly known as AEX Minerals Corporation and changed its name to Canadian Natural Resources Limited in December 1975. Canadian Natural Resources Limited was incorporated in 1973 and is headquartered in Calgary, Canada.
Read More

Today's Range

Now: $23.67
$23.54
$24.14

50 Day Range

MA: $18.48
$15.67
$23.93

52 Week Range

Now: $23.67
$6.71
$32.79

Volume

2,934,514 shs

Average Volume

4,294,728 shs

Market Capitalization

$27.96 billion

P/E Ratio

N/A

Dividend Yield

5.43%

Beta

1.69