CNQ

Canadian Natural Resources Ltd

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Advanced Chart

32.230

+0.810(+2.580%)

Overview
Forecast
Valuation

Line

Candle

YTD

High

32.300

Open

31.580

VWAP

32.10

Vol

5.68M

Mkt Cap

67.51B

Low

31.275

Amount

182.44M

EV/EBITDA(TTM)

5.94

Total Shares

1.07B

110.82B

EV/OCF(TTM)

7.49

P/S(TTM)

2.44

Canadian Natural Resources Limited is a senior crude oil and natural gas production company. Its exploration and production segment are focused on North America, in Western Canada, the United Kingdom portion of the North Sea, and Cote d'Ivoire in Offshore Africa. Its Oil Sands Mining and Upgrading segment produces synthetic crude oil through bitumen mining and upgrading operations at Horizon Oil Sands and through its direct and indirect interest in the Athabasca Oil Sands Project (AOSP). Within Western Canada in the Midstream and Refining segment, it maintains certain activities: pipeline operations, an electricity co-generation system, and an investment in the Northwest Redwater Partnership, a general partnership formed to upgrade and refine bitumen in the Province of Alberta. It owns a 70% interest in light crude oil and liquids rich Duvernay assets. It owns 90% of AOSP: the Muskeg River and Jackpine mines, the Scotford Upgrader and the Quest Carbon Capture and Storage facility.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2025Q3

FY2025Q2

9.67B

+2.13%

0.806

-13.35%

9.79B

+10.12%

0.856

-11.75%

8.92B

-1.5%

0.723

-17.8%

Estimates Revision

The market is revising Downward the revenue expectations for Canadian Natural Resources Limited (CNQ) for FY2025, with the revenue forecasts being adjusted by -0.45% over the past three months. During the same period, the stock price has changed by 7.01%.

Revenue Estimates for FY2025

Revise Downward

-0.45%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+42.15%

In Past 3 Month

Stock Price

Go Up

+7.01%

In Past 3 Month

10 Analyst Rating

11.64% Upside

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 35.98 USD with a low forecast of 29.02 USD and a high forecast of 45.71 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.

6 Buy

4 Hold

0 Sell

Moderate Buy

11.64% Upside

Current: 32.230

Low

29.02

Averages

35.98

High

45.71

11.64% Upside

Current: 32.230

Low

29.02

Averages

35.98

High

45.71

RBC Capital

Greg Pardy

Buy

Reiterates

$63

2025-03-27

Reason

RBC Capital

Greg Pardy

Price Target

$63

2025-03-27

Reiterates

Buy

Reason

RBC Capital

Greg Pardy

Buy

Maintains

$62 → $63

2025-03-07

Reason

RBC Capital

Greg Pardy

Price Target

$62 → $63

2025-03-07

Maintains

Buy

Reason

RBC Capital raised the firm's price target on Canadian Natural to C$63 from C$62 and keeps an Outperform rating on the shares. The firm's bullish stance towards the company reflects its strong leadership team, shareholder alignment, free cash flow generation throughout cycles, best-in-class operating performance and abundant shareholder returns, the analyst tells investors in a research note.

RBC Capital

Greg Pardy

Buy

Reiterates

$62

2025-02-18

Reason

RBC Capital

Greg Pardy

Price Target

$62

2025-02-18

Reiterates

Buy

Reason

Scotiabank

Jason Bouvier

Hold

Maintains

$114 → $57

2024-06-11

Reason

Scotiabank

Jason Bouvier

Price Target

$114 → $57

2024-06-11

Maintains

Hold

Reason

See All Ratings

Valuation Metrics

The current forward P/E ratio for Canadian Natural Resources Ltd (CNQ.N) is 14.17, compared to its 5-year average forward P/E of 2.22. For a more detailed relative valuation and DCF analysis to assess Canadian Natural Resources Ltd 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

N/A

5Y Average PE

2.22

Current PE

14.17

Overvalued PE

34.51

Undervalued PE

-30.06

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Overvalued

5Y Average EV/EBITDA

5.45

Current EV/EBITDA

6.90

Overvalued EV/EBITDA

6.75

Undervalued EV/EBITDA

4.15

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

2.22

Current PS

2.43

Overvalued PS

2.72

Undervalued PS

1.72