CANADIAN NATURAL RESOURCES (CNQ.CA) Forecast, Price Target & Analyst Ratings

TSX:CNQ • CA1363851017

Current stock price

66.74 CAD
+0.23 (+0.35%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for CANADIAN NATURAL RESOURCES (CNQ.CA).

Forecast Snapshot

Consensus Price Target

Price Target
CA$54.18
-18.82% Downside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 6, 2026
Period
Q1 / 2026
EPS Estimate
CA$0.79
Revenue Estimate
10.302B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
73.60%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
CA$54.18
Upside
-18.82%
From current price of CA$66.74 to mean target of CA$54.18, Based on 25 analyst forecasts
Low
CA$47.47
Median
CA$53.04
High
CA$65.10

Price Target Revisions

1 Month
1.07%
3 Months
0.12%

Price Target Summary

25 Wall Street analysts provided a forecast for the next 12 months for CNQ.CA. The average price target is 54.18 CAD. This implies a price decrease of -18.82% is expected in the next year compared to the current price of 66.74.
The average price target has been revised upward by 0.12% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

CNQ Current Analyst RatingCNQ Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8 10

Analyst Ratings History

CNQ Historical Analyst RatingsCNQ Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20 25

Analyst Ratings Consensus

ChartMill Buy Consensus
73.60%
CNQ.CA was analyzed by 25 analysts. The buy percentage consensus is at 74. So analysts seem to be have mildly positive about CNQ.CA.
In the previous month the buy percentage consensus was at a similar level.
CNQ.CA was analyzed by 25 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2026-01-26SCOTIABANK GBMMaintains Outperform -> Outperform
2026-01-26Desjardins SecuritiesMaintains Hold -> Hold
2025-04-06SCOTIABANK GBMMaintains Outperform -> Outperform
2022-12-14RBC RoyalbankUpgrade
2022-12-05JP Morgan & CompanyDowngrade
2022-12-01National Bank of Canada FinancialUpgrade Outperform
2022-12-01TD ResearchMaintains Buy
2022-12-01Scotiabank CapitalMaintains Sector Perform
2022-12-01STA ResearchMaintains Underperform
2022-12-01ATB CapitalUpgrade
2022-12-01Wells FargoDowngrade
2022-11-21ATB CapitalUpgrade
2022-11-07JP Morgan & CompanyUpgrade
2022-11-04Raymond James CapitalUpgrade Outperform
2022-11-04TD ResearchDowngrade Buy
2022-11-04Scotiabank CapitalMaintains Sector Perform
2022-10-19Jefferies Financial LLC Initiate Hold
2022-10-19STA ResearchMaintains Underperform
2022-10-14Raymond James CapitalDowngrade
2022-10-07CIBC Capital MarketsUpgrade
2022-09-30National Bank of Canada FinancialUpgrade Outperform
2022-09-30STA ResearchDowngrade Underperform
2022-09-29TD ResearchInitiate Buy
2022-09-29STA ResearchMaintains Hold
2022-08-31CIBC Capital MarketsDowngrade

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 6, 2026
Period
Q1 / 2026
EPS Estimate
CA$0.79
Revenue Estimate
10.302B
Revenue Q2Q
-5.82%
EPS Q2Q
-31.51%
Number of Analysts
10

Next Earnings Revisions

Revenue (1 Month)
4.98%
Revenue (3 Months)
5.42%
EPS (1 Month)
0.09%
EPS (3 Months)
-8.53%

Next Earnings Summary

CNQ.CA is expected to report earnings on 5/6/2026. The consensus EPS estimate for the next earnings is 0.79 CAD and the consensus revenue estimate is 10.30B CAD.
The next earnings revenue estimate has been revised upward by 5.42% in the past 3 months. Upward revisions are a positive sign and indicate that analysts are more optimistic about the next earnings compared to 3 months ago.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030
Revenue
YoY % growth
CNQ.CA revenue by date.CNQ.CA revenue by date.
35.968B
-14.97%		35.656B
-0.87%		38.762B
8.71%		36.757B
-5.17%		37.729B
2.64%		38.323B
1.57%		39.303B
2.56%		N/A
EBITDA
YoY % growth
CNQ.CA ebitda by date.CNQ.CA ebitda by date.
16.877B
-23.68%		16.408B
-2.78%		19.387B
18.16%		16.883B
-12.92%		18.145B
7.47%		19.842B
9.35%		18.862B
-4.94%		N/A
EBIT
YoY % growth
CNQ.CA ebit by date.CNQ.CA ebit by date.
10.464B
-29.11%		9.727B
-7.04%		10.003B
2.84%		8.192B
-18.10%		9.283B
13.32%		11.785B
26.95%		11.524B
-2.21%		11.391B
-1.15%
Operating Margin
CNQ.CA operating margin by date.CNQ.CA operating margin by date.
29.09%27.28%25.81%22.29%24.60%30.75%29.32%N/A
EPS
YoY % growth
CNQ.CA eps by date.CNQ.CA eps by date.
3.88
-30.53%		3.47
-10.70%		3.55
2.45%		2.90
-18.20%		3.55
22.25%		6.61
86.08%		3.55
-46.22%		N/A

All data in CAD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26
EPS
Q2Q % growth		0.79
-31.51%		0.59
-16.92%		0.73
-15.68%		0.85
3.71%
Revenue
Q2Q % growth		10.302B
-5.82%		9.584B
10.19%		10.028B
5.38%		10.493B
9.20%
EBITDA
Q2Q % growth		4.329B
-16.07%		4.248B
-25.41%		4.306B
-53.13%		4.782B
-59.12%
EBIT
Q2Q % growth		3.2B
-2.68%		2.448B
18.83%		3.02B
28.95%		3.173B
37.18%

All data in CAD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

CNQ.CA Yearly Revenue VS EstimatesCNQ.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 10B 20B 30B 40B
CNQ.CA Yearly EPS VS EstimatesCNQ.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 0 2 4 6

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
23.00%
EPS Next 5 Year
0.02%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
-0.52%
Revenue Next 5 Year
0.24%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
34.89%
EBIT Next 5 Year
23.59%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

CANADIAN NATURAL RESOURCES / CNQ.CA Forecast FAQ

Can you provide the average price target for CANADIAN NATURAL RESOURCES stock?

25 analysts have analysed CNQ.CA and the average price target is 54.18 CAD. This implies a price decrease of -18.82% is expected in the next year compared to the current price of 66.74.

Can you provide the upcoming earnings date for CANADIAN NATURAL RESOURCES?

CANADIAN NATURAL RESOURCES (CNQ.CA) will report earnings on 2026-05-06.

What are the consensus estimates for CNQ stock next earnings?

The consensus EPS estimate for the next earnings of CANADIAN NATURAL RESOURCES (CNQ.CA) is 0.79 CAD and the consensus revenue estimate is 10.30B CAD.

Can you provide the analyst count for CANADIAN NATURAL RESOURCES stock?

The number of analysts covering CANADIAN NATURAL RESOURCES (CNQ.CA) is 25.