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

NYSE:CNQ • CA1363851017

Current stock price

49.02 USD
+0.64 (+1.32%)
At close:
49.02 USD
0 (0%)
After Hours:

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).

Forecast Snapshot

Consensus Price Target

Price Target
$39.54
-19.34% Downside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
May 6, 2026
Period
Q1 / 2026
EPS Estimate
CA$0.84
Revenue Estimate
11.031B
→ 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
$39.54
Upside
-19.34%
From current price of $49.02 to mean target of $39.54, Based on 25 analyst forecasts
Low
$34.64
Median
$38.71
High
$47.51

Price Target Revisions

1 Month
0.85%
3 Months
1.96%

Price Target Summary

25 Wall Street analysts provided a forecast for the next 12 months for CNQ. The average price target is 39.54 USD. This implies a price decrease of -19.34% is expected in the next year compared to the current price of 49.02.
The average price target has been revised upward by 1.96% 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 was analyzed by 25 analysts. The buy percentage consensus is at 74. So analysts seem to be have mildly positive about CNQ.
In the previous month the buy percentage consensus was at a similar level.
CNQ 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
2026-03-12Goldman SachsMaintains Buy -> Buy
2026-03-06RBC CapitalMaintains Outperform -> Outperform
2026-01-02Goldman SachsMaintains Buy -> Buy
2025-09-24RBC CapitalReiterate Outperform -> Outperform
2025-08-08RBC CapitalMaintains Outperform -> Outperform
2025-03-27RBC CapitalReiterate Outperform -> Outperform
2025-03-07RBC CapitalMaintains Outperform -> Outperform
2025-02-18RBC CapitalReiterate Outperform -> Outperform
2024-06-11ScotiaBankMaintains Sector Perform -> Sector Perform
2024-01-11JP MorganMaintains Neutral -> Neutral
2023-08-29CIBCMaintains Outperformer -> Outperformer
2023-08-28JefferiesMaintains Hold -> Hold
2023-08-04Wells FargoMaintains Equal-Weight -> Equal-Weight
2023-06-29National Bank Financial IncMaintains Outperform
2022-11-21Goldman SachsUpgrade Neutral -> Buy
2022-07-19B of A SecuritiesUpgrade Neutral -> Buy
2022-05-20Goldman SachsMaintains Neutral
2022-03-11Wells FargoMaintains Equal-Weight
2022-03-07Credit SuisseMaintains Neutral
2022-01-12RBC CapitalMaintains Outperform
2021-08-06National Bank FinancialDowngrade Outperform
2021-08-06JPMorgan ChaseUpgrade
2021-08-06RBC CapitalUpgrade Outperform
2021-08-06Raymond James FinancialInitiate Outperform
2021-08-06TD SecuritiesUpgrade Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date
May 6, 2026
Period
Q1 / 2026
EPS Estimate
CA$0.84
Revenue Estimate
11.031B
Revenue Q2Q
0.84%
EPS Q2Q
-27.95%
Number of Analysts
10

Next Earnings Revisions

Revenue (1 Month)
12.41%
Revenue (3 Months)
12.88%
EPS (1 Month)
5.28%
EPS (3 Months)
-1.49%

Next Earnings Summary

CNQ is expected to report earnings on 5/6/2026. The consensus EPS estimate for the next earnings is 0.84 USD and the consensus revenue estimate is 11.03B USD.
The next earnings revenue estimate has been revised upward by 12.88% 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 2026 - 2030

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 revenue by date.CNQ 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 ebitda by date.CNQ 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 ebit by date.CNQ ebit by date.
10.464B
-29.11%		9.727B
-7.04%		10.003B
2.84%		9.294B
-7.09%		8.926B
-3.96%		9.883B
10.72%		11.524B
16.60%		11.391B
-1.15%
Operating Margin
CNQ operating margin by date.CNQ operating margin by date.
29.09%27.28%25.81%25.28%23.66%25.79%29.32%N/A
EPS
YoY % growth
CNQ eps by date.CNQ 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		0.84
-27.95%		0.59
-16.92%		0.73
-15.68%		0.85
3.71%
Revenue
Q2Q % growth		11.031B
0.84%		9.584B
10.19%		10.028B
5.38%		10.493B
9.20%
EBITDA
Q2Q % growth		4.315B
-16.34%		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 Yearly Revenue VS EstimatesCNQ 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 Yearly EPS VS EstimatesCNQ 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
34.18%
EBIT Next 5 Year
23.10%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

CANADIAN NATURAL RESOURCES / CNQ Forecast FAQ

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

25 analysts have analysed CNQ and the average price target is 39.54 USD. This implies a price decrease of -19.34% is expected in the next year compared to the current price of 49.02.

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

CANADIAN NATURAL RESOURCES (CNQ) 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) is 0.84 USD and the consensus revenue estimate is 11.03B USD.

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

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