Royal Bank Of Canada Forecasts Strong Price Appreciation for Canadian Natural Resources (TSE:CNQ) Stock

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) had its price objective boosted by research analysts at Royal Bank Of Canada from C$61.00 to C$65.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 3.24% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. National Bank Financial increased their price objective on shares of Canadian Natural Resources from C$47.00 to C$54.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 3rd. Morgan Stanley decreased their price target on shares of Canadian Natural Resources from C$51.00 to C$50.00 in a research report on Friday, January 23rd. ATB Cormark Capital Markets increased their price target on Canadian Natural Resources from C$56.00 to C$65.00 and gave the company an “outperform” rating in a report on Friday. TD Securities raised their price objective on Canadian Natural Resources from C$53.00 to C$54.00 in a research report on Monday, November 10th. Finally, Gerdes Energy Research cut Canadian Natural Resources from a “buy” rating to a “neutral” rating in a research note on Thursday, February 12th. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Canadian Natural Resources currently has a consensus rating of “Moderate Buy” and an average target price of C$58.42.

Canadian Natural Resources Stock Performance

Shares of TSE:CNQ opened at C$62.96 on Friday. The firm has a market capitalization of C$131.15 billion, a PE ratio of 19.86, a P/E/G ratio of 0.53 and a beta of 0.81. The company has a debt-to-equity ratio of 44.46, a current ratio of 0.95 and a quick ratio of 0.54. The business has a 50-day moving average of C$51.86 and a two-hundred day moving average of C$47.20. Canadian Natural Resources has a 12 month low of C$34.92 and a 12 month high of C$64.00.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its earnings results on Thursday, March 5th. The company reported C$0.82 earnings per share (EPS) for the quarter. Canadian Natural Resources had a return on equity of 25.98% and a net margin of 26.06%. As a group, research analysts forecast that Canadian Natural Resources will post 3.833989 earnings per share for the current year.

Insiders Place Their Bets

In other Canadian Natural Resources news, insider Trevor Wagil sold 14,500 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of C$49.96, for a total value of C$724,420.00. Following the transaction, the insider owned 14,779 shares in the company, valued at C$738,358.84. The trade was a 49.52% decrease in their position. Also, insider Kyle Grayson Pisio sold 7,456 shares of the business’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of C$50.11, for a total transaction of C$373,620.16. Following the completion of the transaction, the insider owned 26,089 shares in the company, valued at C$1,307,319.79. This represents a 22.23% decrease in their position. In the last ninety days, insiders sold 51,775 shares of company stock valued at $2,571,074. Corporate insiders own 4.26% of the company’s stock.

Key Headlines Impacting Canadian Natural Resources

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.