Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Canadian Natural Resources Ltd Market Cap
The Canadian Natural Resources Ltd (CNQ) share price is expected to decrease by 14.5% over the next year. This is based on calculating the average 12-month share price estimate provided by 23 stock analysts who have covered CNQ. Price targets range from $25.40146 at the low end to $29.43331 at the high end. The current analyst consensus for CNQ is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
CNQ is a stock in Energy which has been forecasted to be worth $27.46271 as an average. On the higher end, the forecast price is $29.43331 USD by from and on the lower end CNQ is forecasted to be $25.40146 by from .
These are the latest 20 analyst ratings of CNQ.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Jason Bouvier Scotiabank | Sector Perform | Maintains | Jun 11, 2024 | |
| John Royall JP Morgan | Neutral | $102 | Maintains | Jan 11, 2024 |
| Dennis Fong CIBC | Outperformer | $93 | Maintains | Aug 29, 2023 |
| Lloyd Byrne Jefferies | Hold | $94 | Maintains | Aug 28, 2023 |
| Roger Read Wells Fargo | Equal-Weight | $85 | Maintains | Aug 4, 2023 |
| Travis Wood National Bank Financial Inc | Outperform | $93 | Maintains | Jun 29, 2023 |
| Neil Mehta Goldman Sachs | Buy | $69 | Upgrade | Nov 21, 2022 |
| Doug Leggate B of A Securities | Buy | Upgrade | Jul 19, 2022 | |
Goldman Sachs | Neutral | $72 | Maintains | May 20, 2022 |
| Neil Mehta Goldman Sachs | Buy | $44 | Upgrade | Jun 11, 2021 |
Goldman Sachs | Buy | Upgrade | May 14, 2020 | |
RBC Capital | Outperform | $27 | Maintains | May 8, 2020 |
Tudor Pickering | Buy | Upgrade | Dec 11, 2019 | |
Tudor Pickering | Hold | Downgrade | Oct 8, 2019 | |
National Bank Financial | Sector Perform | Downgrade | Oct 2, 2019 | |
National Bank Financial Inc | Sector Perform | Downgrade | Oct 2, 2019 | |
Wells Fargo | Underperform | Downgrade | Sep 6, 2019 | |
Evercore ISI Group | Outperform | Upgrade | Apr 3, 2019 | |
Mizuho | Buy | Initiates | Mar 12, 2019 | |
Credit Suisse | Outperform | Initiates | Jan 28, 2019 |
When did it IPO
2000
Staff Count
10,272
Country
Canada
Sector/Industry
Energy/Oil & Gas E&P
CEO
Market Cap
$68.81B
In 2023, CNQ generated $40.84B in revenue, which was a decrease of -17.56% from the previous year. This can be seen as a signal that CNQ's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 09 Dec 2024
Sentiment - NEUTRAL
Source - Zacks Investment Research
Summary - CNQ has acquired Chevron Canada's Alberta assets, enhancing its presence in the oil sands and natural gas markets.
Why It Matters - CNQ's acquisition enhances its resource base and market presence, potentially improving revenue and profitability, which could positively impact stock performance and investor sentiment.
Mon, 09 Dec 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Corporations typically raise dividends in Q1. Income investors should prepare for 2025. Companies like Canadian Natural Resources and Brookfield Renewable are poised for increases.
Why It Matters - Increased Q1 dividend payouts signal potential income growth. Federal rate cuts enhance dividend appeal, making companies with strong cash flows prime candidates for portfolio positioning.
Fri, 06 Dec 2024
Sentiment - NEUTRAL
Source - Newsfile Corp
Summary - Canadian Natural Resources Limited (TSX: CNQ) has acquired Chevron Canada’s Alberta assets, increasing its interest in the Athabasca Oil Sands Project to 90% and gaining a 70% interest in Duvernay assets.
Why It Matters - The acquisition increases Canadian Natural's asset base and operational control over key projects, enhancing potential revenue and market position in the oil sector, which could positively impact stock performance.
Thu, 05 Dec 2024
Sentiment - NEUTRAL
Source - Zacks Investment Research
Summary - CNQ shows strong returns and growth potential, but reports production declines in some areas. Its high valuation may present risks for potential investors.
Why It Matters - CNQ's strong returns and growth potential are tempered by production declines and high valuation risks, signaling potential volatility and requiring careful assessment for investment decisions.
Tue, 03 Dec 2024
Sentiment - NEUTRAL
Source - Newsfile Corp
Summary - Canadian Natural Resources Limited priced three unsecured note offerings totaling US$1.5 billion and C$500 million, set to close on December 6, 2024, to fund corporate purposes and repay debt.
Why It Matters - Canadian Natural Resources' bond issuance indicates strong capital management and growth plans, potentially enhancing liquidity and financial stability, which could positively influence stock performance.
Thu, 28 Nov 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - A younger investor plans a portfolio for retirement, prioritizing dividend growth, income stability, and long-term potential for financial security and peace of mind.
Why It Matters - The focus on dividend growth and income stability highlights strategies for retirement security, influencing investment choices for long-term financial health and market resilience.
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