Canadian Natural Resources Ltd (CNQ) Stock Forecast & Price Target
Canadian Natural Resources Ltd · NYSE
$50.88+0.42 (+0.84%)
15-min delayed · Sep 8, 3:45 PM ET · Get real-time quotes →
The Quantellect read.Of the 2 firms covering Canadian Natural Resources Ltd, 2 rate it Buy or better, 0 sit at Hold, and 0 rate it Sell or worse, a strong buy consensus. Targets are tightly clustered, $49.00 to $65.00, so the covering firms are broadly aligned. The average target of $57.00 sits 12% above the current $50.88. The rating mix has held broadly steady over recent months. On the fundamentals, the Street sees consensus EPS building from about $1.46 next quarter toward $5.35 the year after.Descriptive synthesis of third-party analyst data, not a Quantellect rating or recommendation.
ANALYST CONSENSUS2 ratings
Strong Buy
Strong Buy00%
Buy2100%
Hold00%
Sell00%
Strong Sell00%
Based on 2 analysts giving stock ratings to Canadian Natural Resources Ltd.
As of Sep, 2 of 2 firms rate CNQ a Buy (0 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
CNQ EPS & revenue forecast
EPS · NEXT QUARTER
$1.46
Range $1.05 – $1.71 · 5 analysts · +78% YoY
Next period, 5 analysts expect Canadian Natural Resources Ltd to earn $1.46 a share (range $1.05 – $1.71), versus $0.82 a year earlier. Full-year consensus is $5.95, growing to $5.35 the year after.
REVENUE · NEXT QUARTER
$12.1B
Range $12.1B – $12.1B · 5 analysts · +26% YoY
Revenue is expected to reach $12.1B (range $12.1B – $12.1B), +26.0% year-over-year. Full-year consensus is $47.3B, rising to $42.2B next year.
Top analysts covering Canadian Natural Resources Ltd
Ranked by each analyst's overall Quantellect track record across all the stocks they cover, shown with their current call on CNQ.
#1
Devin McDermott
Morgan Stanley · Rank #52
Hold
$66.00+29.7% to target
Overall win rate
51%
+ Follow
#2
Neil Mehta
Goldman Sachs · Rank #78
Buy
$55.00+8.1% to target
Overall win rate
42%
+ Follow
#3
GP
Greg Pardy
RBC Capital
Buy
$65.00+27.7% to target
Coverage
—
+ Follow
#4
MH
Menno Hulshof
TD Cowen
Buy
$73.00+43.5% to target
Coverage
—
+ Follow
#5
Sam Margolin
Wells Fargo
Hold
$65.00+27.7% to target
Coverage
—
+ Follow
CNQ stock forecast FAQ
What is CNQ's average 12-month price target?+
The 2 analysts with a live target average $57.00 for Canadian Natural Resources Ltd over the next 12 months, ranging from a $65.00 high to a $49.00 low.
Is CNQ stock a Buy, Sell or Hold right now?+
The current consensus is Strong Buy. Of the 2 analyst ratings, 2 are Buy or Strong Buy, 0 are Hold, and 0 are Sell or Strong Sell.
What are the highest and lowest price targets for CNQ?+
The Street-high target is $65.00 (RBC Capital), and the Street-low is $49.00 (Goldman Sachs). The average of all 2 active targets is $57.00.
How many Wall Street analysts cover CNQ?+
2 analysts have an active rating on Canadian Natural Resources Ltd, and 2 firms carry a live 12-month price target.
Who is the most accurate analyst covering CNQ?+
Among analysts who currently cover CNQ, Devin McDermott of Morgan Stanley has the strongest overall Quantellect track record (Rank #52). Their current call is Hold with a $66.00 target.
What is Canadian Natural Resources Ltd's projected EPS for next quarter?+
The consensus estimate is $1.46 per share (range $1.05 – $1.71) across 5 analysts. Full-year EPS is projected at $5.95, rising to $5.35 the following year.
How much revenue is Canadian Natural Resources Ltd expected to report next quarter?+
Consensus revenue is $12.1B (range $12.1B – $12.1B). Full-year revenue is projected at $47.3B, growing to $42.2B next year.
Have analysts been upgrading or downgrading CNQ lately?+
As of Sep, 2 of 2 firms rate CNQ a Buy (0 Hold, 0 Sell), the standing distribution of every covering firm's most recent active call.
How are the analysts on this page ranked?+
By each analyst's overall Quantellect track record — a sample-adjusted measure of how accurate their calls have been across every stock they cover. We do not rank on their CNQ calls alone, since a single stock is too small a sample to be reliable.
Which data on this page is live, and how often does it update?+
Price and daily change are 15-minute delayed market data. Analyst ratings, targets, consensus and earnings estimates are aggregated from multiple data providers and refresh daily.
Disclaimer: Ratings, price targets, consensus and earnings estimates on this page describe third-party analyst research aggregated from multiple data providers and refreshed daily; price and daily change are 15-minute delayed. These are historical opinions, not recommendations, and nothing on this page, including The Quantellect read, is a rating, a price target, or investment advice from Quantellect. Always do your own research and consult a licensed financial advisor before making investment decisions.
