Canadian Natural Resources (TSE:CNQ) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective increased by stock analysts at BMO Capital Markets from C$50.00 to C$70.00 in a report released on Friday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price objective indicates a potential upside of 11.18% from the stock’s current price.

CNQ has been the subject of a number of other reports. Morgan Stanley decreased their target price on shares of Canadian Natural Resources from C$51.00 to C$50.00 in a research report on Friday, January 23rd. National Bank Financial boosted their price objective on Canadian Natural Resources from C$47.00 to C$54.00 and gave the company a “sector perform” rating in a report on Tuesday, February 3rd. Desjardins set a C$52.00 target price on Canadian Natural Resources and gave the stock a “hold” rating in a research note on Wednesday, December 17th. Evercore lowered Canadian Natural Resources from an “outperform” rating to a “hold” rating and set a C$50.00 target price on the stock. in a report on Tuesday, January 6th. Finally, ATB Cormark Capital Markets lifted their price target on Canadian Natural Resources from C$56.00 to C$65.00 and gave the company an “outperform” rating in a research report on Friday. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$58.42.

Canadian Natural Resources Price Performance

Shares of TSE CNQ opened at C$62.96 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.95 and a debt-to-equity ratio of 44.46. Canadian Natural Resources has a 52 week low of C$34.92 and a 52 week high of C$64.00. The business’s 50 day moving average price is C$51.86 and its 200 day moving average price is C$47.20. The firm has a market cap of C$131.15 billion, a P/E ratio of 19.86, a P/E/G ratio of 0.53 and a beta of 0.81.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings data on Thursday, March 5th. The company reported C$0.82 EPS for the quarter. Canadian Natural Resources had a net margin of 26.06% and a return on equity of 25.98%. On average, sell-side analysts expect that Canadian Natural Resources will post 3.833989 earnings per share for the current year.

Insider Transactions at Canadian Natural Resources

In related news, insider Trevor Wagil sold 14,500 shares of the company’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of C$49.96, for a total value of C$724,420.00. Following the completion of the transaction, the insider owned 14,779 shares of the company’s stock, valued at approximately C$738,358.84. This represents a 49.52% decrease in their position. Also, insider Erin Louise Lunn sold 2,252 shares of the stock in a transaction that occurred on Wednesday, January 28th. The stock was sold at an average price of C$49.68, for a total value of C$111,879.36. Following the transaction, the insider owned 51,142 shares in the company, valued at C$2,540,734.56. This represents a 4.22% decrease in their position. Insiders have sold 51,775 shares of company stock worth $2,571,074 over the last quarter. Company insiders own 4.26% of the company’s stock.

Canadian Natural Resources News Summary

Here are the key news stories impacting Canadian Natural Resources this week:

• Positive Sentiment: Q4 earnings beat and higher production; CNQ reported C$0.82 EPS and better-than-expected volumes, supporting near-term cash generation and margins. Article Title
• Positive Sentiment: Dividend increased — board approved a higher quarterly dividend, extending a 26-year dividend growth streak, which underpins the stock’s income appeal for yield-focused investors. Article Title
• Positive Sentiment: BMO raised its price target sharply to C$70 (now an outperform), signaling meaningful upside vs. the current price and a constructive view on CNQ’s outlook. BayStreet.CA
• Positive Sentiment: RBC raised its target to C$65 (outperform), and TD Securities lifted its target to C$64 with a buy rating — both imply modest upside and reinforce the buy-side momentum. BayStreet.CA Tickerreport.com
• Positive Sentiment: ATB Cormark also raised its target to C$65 (outperform), and TD Cowen reiterated/maintained a buy view with a C$64 target, backing expectations for continued cash returns and debt reduction. BayStreet.CA TipRanks
• Neutral Sentiment: Scotiabank bumped its target to C$62 with an outperform rating, but the target sits slightly below the current price, creating mixed signal on near-term upside. BayStreet.CA
• Neutral Sentiment: Market commentary highlights energy-sector strength amid higher oil prices — supportive macro backdrop for CNQ but sector moves can be volatile. BNN Bloomberg
• Neutral Sentiment: Company to defer the Jackpine mine expansion — reduces near-term capex but may temper longer-term growth expectations; investors will weigh cash returns vs. growth trade-offs. Seeking Alpha
• Negative Sentiment: National Bank Financial raised its target to C$59 but kept a sector perform rating; that target implies a ~6% downside to the current price, signaling a more cautious view. BayStreet.CA
• Negative Sentiment: Raymond James lifted its target to C$55 (outperform) but the level still implies a material downside vs. the current price, reflecting divergent analyst views. BayStreet.CA

Canadian Natural Resources Company Profile

Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa. The company’s portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas. Production averaged 1.16 million barrels of oil equivalent per day in 2020, and the company estimates that it holds over 11.5 billion boe of proven and probable crude oil and natural gas reserves.