Canadian Natural Resources Ltd (CNQ) Stock Forecast & Price Target
Canadian Natural Resources Ltd · NYSE
$44.24-0.55 (-1.23%)
15-min delayed · Jul 28, 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 29% above the current $44.24. The rating mix has held broadly steady over recent months. On the fundamentals, the Street sees consensus EPS building from about $1.43 next quarter toward $5.13 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 Jul, 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
$1.43
Range $0.83 – $1.73 · 8 analysts · +66% YoY
Next period, 8 analysts expect Canadian Natural Resources Ltd to earn $1.43 a share (range $0.83 – $1.73), versus $0.86 a year earlier. Full-year consensus is $5.86, growing to $5.13 the year after.
REVENUE · NEXT QUARTER
$10.8B
Range $9.9B – $11.3B · 8 analysts · +13% YoY
Revenue is expected to reach $10.8B (range $9.9B – $11.3B), +13.2% year-over-year. Full-year consensus is $45.0B, rising to $41.3B 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 #49
Hold
$66.00+49.2% to target
Overall win rate
48%
+ Follow
#2
Neil Mehta
Goldman Sachs · Rank #59
Buy
$53.00+19.8% to target
Overall win rate
42%
+ Follow
#3
GP
Greg Pardy
RBC Capital
Buy
$65.00+46.9% to target
Coverage
—
+ Follow
#4
Sam Margolin
Wells Fargo
Hold
$61.00+37.9% to target
Coverage
—
+ Follow
#5
KF
Kevin Fisk
Scotiabank
Buy
$74.00+67.3% 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 #49). 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 $1.43 per share (range $0.83 – $1.73) across 8 analysts. Full-year EPS is projected at $5.86, rising to $5.13 the following year.
How much revenue is Canadian Natural Resources Ltd expected to report next quarter?+
Consensus revenue is $10.8B (range $9.9B – $11.3B). Full-year revenue is projected at $45.0B, growing to $41.3B next year.
Have analysts been upgrading or downgrading CNQ lately?+
As of Jul, 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.
