TipRanks
Canadian Natural (TSE:CNQ)
TSX:CNQ
Canadian Market
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Canadian Natural (CNQ) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

CNQ Analyst Ratings

Moderate Buy
15Ratings
Moderate Buy
7 Buy
8 Hold
0 Sell
Based on 15 analysts giving stock ratings to
Canadian
Natural
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

CNQ Stock 12 Month Forecast

Average Price Target

C$76.62
▲(11.56% Upside)
Based on 15 Wall Street analysts offering 12 month price targets for Canadian Natural in the last 3 months. The average price target is C$76.62 with a high forecast of C$86.00 and a low forecast of C$65.00. The average price target represents a 11.56% change from the last price of C$68.68.
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Highest Price TargetC$86.00Average Price TargetC$76.62Lowest Price TargetC$65.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Detailed List of Analyst Forecasts​
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
ATB Cormark Capital Markets Analyst forecast on TSE:CNQ
ATB Cormark Capital Markets
ATB Cormark Capital Markets
C$70→C$85
Buy
23.76%
Upside
Reiterated
10/22/26
ATB Cormark Capital Markets Sticks to Their Buy Rating for Canadian Natural (CNQ)
National Bank Analyst forecast on TSE:CNQ
Unknown Analyst
National Bank
Not Ranked
National Bank
C$84→C$86
Hold
25.22%
Upside
Reiterated
10/20/26
Canadian Natural (CNQ) Receives a Hold from National Bank
Desjardins Analyst forecast on TSE:CNQ
Unknown Analyst
Desjardins
Not Ranked
Desjardins
C$73→C$74
Hold
7.75%
Upside
Reiterated
10/20/26
Desjardins Remains a Hold on Canadian Natural (CNQ)
Scotiabank
C$73→C$79
Hold
15.03%
Upside
Reiterated
10/19/26
Canadian Natural price target raised to C$79 from C$73 at ScotiabankCanadian Natural price target raised to C$79 from C$73 at Scotiabank
BMO Capital
C$70→C$75
Buy
9.20%
Upside
Reiterated
10/16/26
Canadian Natural (CNQ) Receives a Buy from BMO Capital
Wells Fargo Analyst forecast on TSE:CNQ
Unknown Analyst
Wells Fargo
Not Ranked
Wells Fargo
C$65
Hold
-5.36%
Downside
Reiterated
10/14/26
Wells Fargo Sticks to Their Hold Rating for Canadian Natural (CNQ)
Raymond James Analyst forecast on TSE:CNQ
Raymond James
Raymond James
C$70→C$69
Hold
0.47%
Upside
Downgraded
10/14/26
Canadian Natural downgraded to Market Perform from Outperform at Raymond JamesCanadian Natural downgraded to Market Perform from Outperform at Raymond James
RBC Capital Analyst forecast on TSE:CNQ
RBC Capital
RBC Capital
C$79→C$86
Buy
25.22%
Upside
Reiterated
10/13/26
Canadian Natural (CNQ) Receives a Buy from RBC Capital
UBS Analyst forecast on TSE:CNQ
Unknown Analyst
UBS
Not Ranked
UBS
C$77→C$79
Buy
15.03%
Upside
Assigned
10/09/26
UBS Issues a Buy Rating on Canadian Natural (CNQ)
CIBC
C$75→C$80
Buy
16.48%
Upside
Reiterated
10/09/26
Canadian Natural price target raised to C$80 from C$75 at CIBCCanadian Natural price target raised to C$80 from C$75 at CIBC
Jefferies Analyst forecast on TSE:CNQ
Jefferies
Jefferies
C$70
Hold
1.92%
Upside
Assigned
10/04/26
Analyst Reiterates Hold on Canadian Natural, Keeps $70 Price Target Unchanged Amid Balanced Near-Term Outlook
Goldman Sachs Analyst forecast on TSE:CNQ
Goldman Sachs
Goldman Sachs
C$77.1→C$81.3
Buy
18.38%
Upside
Reiterated
08/19/26
Analysts Conflicted on These Energy Names: Canadian Natural (NYSE: CNQ), Matador Resources (NYSE: MTDR) and New Hope Corporation Limited (Other OTC: NHPEF)
Morgan Stanley Analyst forecast on TSE:CNQ
Morgan Stanley
Morgan Stanley
C$67→C$72
Hold
4.83%
Upside
Reiterated
08/19/26
Canadian Natural price target raised to C$72 from C$67 at Morgan StanleyCanadian Natural price target raised to C$72 from C$67 at Morgan Stanley
J.P. Morgan Analyst forecast on TSE:CNQ
J.P. Morgan
J.P. Morgan
C$67→C$75
Hold
9.20%
Upside
Reiterated
08/12/26
Analysts Offer Insights on Energy Companies: Canadian Natural (NYSE: CNQ) and Cheniere Energy (NYSE: LNG)
TD Cowen
C$72→C$73
Buy
6.29%
Upside
Reiterated
08/06/26
Analysts Conflicted on These Energy Names: Beach Energy (Other OTC: BEPTF) and Canadian Natural (NYSE: CNQ)
Analyst Type
Any
Any
Human Analysts
Ranks
Any
Any
Analyst Rating
Any
Any
Upside/ Downside
Any
Any
Action
Any
Any
Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
ATB Cormark Capital Markets Analyst forecast on TSE:CNQ
ATB Cormark Capital Markets
ATB Cormark Capital Markets
C$70→C$85
Buy
23.76%
Upside
Reiterated
10/22/26
ATB Cormark Capital Markets Sticks to Their Buy Rating for Canadian Natural (CNQ)
National Bank Analyst forecast on TSE:CNQ
Unknown Analyst
National Bank
Not Ranked
National Bank
C$84→C$86
Hold
25.22%
Upside
Reiterated
10/20/26
Canadian Natural (CNQ) Receives a Hold from National Bank
Desjardins Analyst forecast on TSE:CNQ
Unknown Analyst
Desjardins
Not Ranked
Desjardins
C$73→C$74
Hold
7.75%
Upside
Reiterated
10/20/26
Desjardins Remains a Hold on Canadian Natural (CNQ)
Scotiabank
C$73→C$79
Hold
15.03%
Upside
Reiterated
10/19/26
Canadian Natural price target raised to C$79 from C$73 at ScotiabankCanadian Natural price target raised to C$79 from C$73 at Scotiabank
BMO Capital
C$70→C$75
Buy
9.20%
Upside
Reiterated
10/16/26
Canadian Natural (CNQ) Receives a Buy from BMO Capital
Wells Fargo Analyst forecast on TSE:CNQ
Unknown Analyst
Wells Fargo
Not Ranked
Wells Fargo
C$65
Hold
-5.36%
Downside
Reiterated
10/14/26
Wells Fargo Sticks to Their Hold Rating for Canadian Natural (CNQ)
Raymond James Analyst forecast on TSE:CNQ
Raymond James
Raymond James
C$70→C$69
Hold
0.47%
Upside
Downgraded
10/14/26
Canadian Natural downgraded to Market Perform from Outperform at Raymond JamesCanadian Natural downgraded to Market Perform from Outperform at Raymond James
RBC Capital Analyst forecast on TSE:CNQ
RBC Capital
RBC Capital
C$79→C$86
Buy
25.22%
Upside
Reiterated
10/13/26
Canadian Natural (CNQ) Receives a Buy from RBC Capital
UBS Analyst forecast on TSE:CNQ
Unknown Analyst
UBS
Not Ranked
UBS
C$77→C$79
Buy
15.03%
Upside
Assigned
10/09/26
UBS Issues a Buy Rating on Canadian Natural (CNQ)
CIBC
C$75→C$80
Buy
16.48%
Upside
Reiterated
10/09/26
Canadian Natural price target raised to C$80 from C$75 at CIBCCanadian Natural price target raised to C$80 from C$75 at CIBC
Jefferies Analyst forecast on TSE:CNQ
Jefferies
Jefferies
C$70
Hold
1.92%
Upside
Assigned
10/04/26
Analyst Reiterates Hold on Canadian Natural, Keeps $70 Price Target Unchanged Amid Balanced Near-Term Outlook
Goldman Sachs Analyst forecast on TSE:CNQ
Goldman Sachs
Goldman Sachs
C$77.1→C$81.3
Buy
18.38%
Upside
Reiterated
08/19/26
Analysts Conflicted on These Energy Names: Canadian Natural (NYSE: CNQ), Matador Resources (NYSE: MTDR) and New Hope Corporation Limited (Other OTC: NHPEF)
Morgan Stanley Analyst forecast on TSE:CNQ
Morgan Stanley
Morgan Stanley
C$67→C$72
Hold
4.83%
Upside
Reiterated
08/19/26
Canadian Natural price target raised to C$72 from C$67 at Morgan StanleyCanadian Natural price target raised to C$72 from C$67 at Morgan Stanley
J.P. Morgan Analyst forecast on TSE:CNQ
J.P. Morgan
J.P. Morgan
C$67→C$75
Hold
9.20%
Upside
Reiterated
08/12/26
Analysts Offer Insights on Energy Companies: Canadian Natural (NYSE: CNQ) and Cheniere Energy (NYSE: LNG)
TD Cowen
C$72→C$73
Buy
6.29%
Upside
Reiterated
08/06/26
Analysts Conflicted on These Energy Names: Beach Energy (Other OTC: BEPTF) and Canadian Natural (NYSE: CNQ)
Stocks with the Highest Top Analyst Consensus in the Energy Sector
LNGCheniere Energy
SEISolaris Energy Infrastructure
VNOMViper Energy
NESRNational Energy Services Reunited
URGUR-Energy
Find stocks in the Energy sector that are highly recommended by Top Performing Analysts.

Best Analysts Covering Canadian Natural

3 Months
Success Rate
22/34 ratings generated profit
65%
Average Return
+6.84%
Copying Dennis Fong's trades and holding each position for 3 Months would result in 64.71% of your transactions generating a profit, with an average return of +6.84% per trade.
1 Year
Gregory PardyRBC Capital
Success Rate
74/100 ratings generated profit
74%
Average Return
+30.29%
Copying Gregory Pardy's trades and holding each position for 1 Year would result in 74.00% of your transactions generating a profit, with an average return of +30.29% per trade.
2 Years
Gregory PardyRBC Capital
Success Rate
85/100 ratings generated profit
85%
Average Return
+62.24%
Copying Gregory Pardy's trades and holding each position for 2 Years would result in 85.00% of your transactions generating a profit, with an average return of +62.24% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.

CNQ Analyst Recommendation Trends

Rating
Jun 26
Jul 26
Aug 26
Sep 26
Oct 26
Strong Buy
0
0
0
0
0
Buy
10
10
7
8
11
Hold
6
9
14
12
12
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
16
19
21
20
23
In the current month, CNQ has received 11 Buy Ratings, 12 Hold Ratings, and 0 Sell Ratings. CNQ average Analyst price target in the past 3 months is 76.62.
Each month's total comprises the sum of three months' worth of ratings.

CNQ Financial Forecast

CNQ Earnings Forecast

Next quarter’s earnings estimate for CNQ is C$1.47 with a range of C$1.24 to C$1.86. The previous quarter’s EPS was C$2.15. CNQ beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 53.80% of the time in the same period. In the last calendar year CNQ has Performed in-line its overall industry.
Next quarter’s earnings estimate for CNQ is C$1.47 with a range of C$1.24 to C$1.86. The previous quarter’s EPS was C$2.15. CNQ beat its EPS estimate ― of the time in the past 12 months, while its overall industry beat the EPS estimate 53.80% of the time in the same period. In the last calendar year CNQ has Performed in-line its overall industry.

CNQ Sales Forecast

Next quarter’s sales forecast for CNQ is C$12.52B with a range of C$11.98B to C$13.31B. The previous quarter’s sales results were C$14.74B. CNQ beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 63.41% of the time in the same period. In the last calendar year CNQ has Performed in-line its overall industry.
Next quarter’s sales forecast for CNQ is C$12.52B with a range of C$11.98B to C$13.31B. The previous quarter’s sales results were C$14.74B. CNQ beat its sales estimates ― of the time in past 12 months, while its overall industry beat sales estimates 63.41% of the time in the same period. In the last calendar year CNQ has Performed in-line its overall industry.

CNQ Stock Forecast FAQ

What is TSE:CNQ’s average 12-month price target, according to analysts?
Based on analyst ratings, Canadian Natural’s 12-month average price target is 76.62.
    What is TSE:CNQ’s upside potential, based on the analysts’ average price target?
    Canadian Natural has 11.56% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is TSE:CNQ a Buy, Sell or Hold?
          Canadian Natural has a consensus rating of Moderate Buy which is based on 7 buy ratings, 8 hold ratings and 0 sell ratings.
            What is Canadian Natural’s price target?
            The average price target for Canadian Natural is 76.62. This is based on 15 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is C$86.00 ,the lowest forecast is C$65.00. The average price target represents 11.56% Increase from the current price of C$68.68.
              What do analysts say about Canadian Natural?
              Canadian Natural’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 15 Wall Streets Analysts.
                How can I buy shares of TSE:CNQ?
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