Research Analysts’ Weekly Ratings Changes for Canadian Natural Resources (CNQ)

Several brokerages have updated their recommendations and price targets on shares of Canadian Natural Resources (TSE: CNQ) in the last few weeks:

• 4/7/2026 – Canadian Natural Resources had its price target raised by JPMorgan Chase & Co. from C$48.00 to C$70.00.
• 3/31/2026 – Canadian Natural Resources had its price target raised by National Bank Financial from C$59.00 to C$90.00. They now have a “sector perform” rating on the stock.
• 3/31/2026 – Canadian Natural Resources had its price target raised by Canadian Imperial Bank of Commerce from C$52.00 to C$54.00.
• 3/30/2026 – Canadian Natural Resources was downgraded by Raymond James Financial, Inc. from “moderate buy” to “hold”. They now have a C$65.00 price target on the stock, up from C$55.00.
• 3/16/2026 – Canadian Natural Resources had its price target raised by Jefferies Financial Group Inc. from C$48.00 to C$59.00.
• 3/9/2026 – Canadian Natural Resources had its price target raised by Desjardins from C$52.00 to C$56.00. They now have a “hold” rating on the stock.
• 3/6/2026 – Canadian Natural Resources had its price target raised by National Bank Financial from C$54.00 to C$59.00. They now have a “sector perform” rating on the stock.
• 3/6/2026 – Canadian Natural Resources had its price target raised by Scotiabank from C$58.00 to C$62.00. They now have an “outperform” rating on the stock.
• 3/6/2026 – Canadian Natural Resources had its price target raised by TD Securities from C$51.00 to C$64.00. They now have a “buy” rating on the stock.
• 3/6/2026 – Canadian Natural Resources had its price target raised by Royal Bank Of Canada from C$61.00 to C$65.00. They now have an “outperform” rating on the stock.
• 3/6/2026 – Canadian Natural Resources had its price target raised by Raymond James Financial, Inc. from C$53.00 to C$55.00. They now have an “outperform” rating on the stock.
• 3/6/2026 – Canadian Natural Resources had its price target raised by BMO Capital Markets from C$50.00 to C$70.00. They now have an “outperform” rating on the stock.
• 3/6/2026 – Canadian Natural Resources had its price target raised by ATB Cormark Capital Markets from C$56.00 to C$65.00. They now have an “outperform” rating on the stock.
• 3/5/2026 – Canadian Natural Resources was downgraded by ATB Cormark Capital Markets from “strong-buy” to “moderate buy”.
• 2/12/2026 – Canadian Natural Resources was downgraded by Gerdes Energy Research from “buy” to “neutral”.

Insider Buying and Selling at Canadian Natural Resources

In other news, insider Brenda Gayle Balog sold 2,252 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of C$49.98, for a total transaction of C$112,554.96. Following the completion of the sale, the insider directly owned 47,965 shares of the company’s stock, valued at C$2,397,290.70. This trade represents a 4.48% decrease in their position. Also, insider Stephanie Ann Graham sold 1,930 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of C$49.19, for a total value of C$94,936.70. Following the sale, the insider directly owned 16,367 shares of the company’s stock, valued at approximately C$805,092.73. This represents a 10.55% decrease in their ownership of the stock. Over the last quarter, insiders sold 74,306 shares of company stock worth $4,159,750. 4.26% of the stock is owned by insiders.

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.