Wall Street Optimistic About Canadian Natural Resources (CNQ): Here's the Reason Why
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 12 2025
0mins
Source: Yahoo Finance
Company Performance: Canadian Natural Resources Limited (NYSE: CNQ) reported a revenue of $6.33 billion for Q2 2025, a 3% year-over-year decline, but exceeded EPS expectations at $0.52. The company completed a turnaround at its Athabasca Oil Sands Project ahead of schedule, resulting in a production decrease of 120,000 barrels per day.
Analyst Sentiment: Analysts remain optimistic about CNQ, with RBC Capital maintaining a Buy rating but lowering the price target from C$64 to C$62, while Raymond James raised its target from C$41.82 to C$54, also reiterating a Buy rating.
Analyst Views on CNQ
Wall Street analysts forecast CNQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CNQ is 39.17 USD with a low forecast of 33.83 USD and a high forecast of 62.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
4 Buy
5 Hold
0 Sell
Moderate Buy
Current: 35.490
Low
33.83
Averages
39.17
High
62.00
Current: 35.490
Low
33.83
Averages
39.17
High
62.00
About CNQ
Canadian Natural Resources Limited is a senior crude oil and natural gas production company. The Company has operations in its core areas located in Western Canada, the United Kingdom portion of the North Sea and Offshore Africa. Its Oil Sands Mining and Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations at Horizon Oil Sands (Horizon) and through the Company's direct and indirect interest in the Athabasca Oil Sands Project (AOSP). Within Western Canada in the Midstream and Refining segment, the Company maintains certain activities that include pipeline operations, an electricity co-generation system and an investment in the North West Redwater Partnership (NWRP), a general partnership formed to upgrade and refine bitumen in the Province of Alberta. Its Pelican Lake asset is a large, contiguous, shallow, medium crude oil pool. It produces natural gas in western Canada and has a significant land base in both the Montney and Deep Basin.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
