CAD43.11
1.03% day before yesterday
Toronto, Jun 27, 10:00 pm CET
ISIN
CA1363851017
Symbol
CNQ
Sector
Industry

Canadian Natural Resources Limited Target price 2025 - Analyst rating & recommendation

Canadian Natural Resources Limited Classifications & Recommendation:

Buy
68%
Hold
32%

Canadian Natural Resources Limited Price Target

Target Price CAD51.51
Price CAD43.11
Potential
Number of Estimates 21
21 Analysts have issued a price target Canadian Natural Resources Limited 2026 . The average Canadian Natural Resources Limited target price is CAD51.51. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 25 analysts: 17 Analysts recommend Canadian Natural Resources Limited to buy, 8 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Canadian Natural Resources Limited stock has an average upside potential 2026 of . Most analysts recommend the Canadian Natural Resources Limited stock at Purchase.

Sales and Margin forecast 2025, 2026 to 2029

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Quarter Annually
Dec '24 2025
Estimates
Revenue Billion CAD 35.66 43.00
0.87% 20.59%
EBITDA Margin 46.02% 43.29%
1.93% 5.93%
Net Margin 17.12% 16.91%
25.19% 1.25%

13 Analysts have issued a sales forecast Canadian Natural Resources Limited 2025 . The average Canadian Natural Resources Limited sales estimate is

CAD43.0b
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. This is
12.12% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
CAD77.1b 101.07%
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, the lowest is
CAD31.9b 16.71%
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.

This results in the following potential growth metrics:

Revenue Estimates

2024 CAD35.7b 0.87%
2025
CAD43.0b 20.59%
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2026
CAD41.3b 3.90%
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2027
CAD41.5b 0.32%
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2028
CAD36.7b 11.48%
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2029
CAD36.9b 0.66%
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10 Analysts have issued an Canadian Natural Resources Limited EBITDA forecast 2025. The average Canadian Natural Resources Limited EBITDA estimate is

CAD18.6b
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. This is
1.83% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
CAD21.7b 18.46%
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, the lowest is
CAD16.5b 9.61%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2024 CAD16.4b 2.78%
2025
CAD18.6b 13.45%
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2026
CAD17.7b 4.79%
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2027
CAD17.2b 3.23%
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2028
CAD18.7b 8.87%
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2029
CAD18.8b 0.52%
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EBITDA Margin

2024 46.02% 1.93%
2025
43.29% 5.93%
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2026
42.90% 0.90%
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2027
41.37% 3.57%
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2028
50.89% 23.01%
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2029
50.81% 0.16%
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14 Canadian Natural Resources Limited Analysts have issued a net profit forecast 2025. The average Canadian Natural Resources Limited net profit estimate is

CAD7.3b
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. This is
4.02% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
CAD10.5b 39.23%
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, the lowest is
CAD4.7b 37.60%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2024 CAD6.1b 25.84%
2025
CAD7.3b 19.10%
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2026
CAD7.4b 1.43%
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2027
CAD10.5b 42.54%
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Net Margin

2024 17.12% 25.19%
2025
16.91% 1.25%
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2026
17.85% 5.56%
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2027
25.36% 42.07%
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Earnings per share, P/E ratio and EV/sales Estimates 2025, 2026 to 2029

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Quarter Annually
Dec '24 2025
Estimates
Earnings Per Share CAD 2.85 3.47
23.80% 21.75%
P/E 12.43
EV/Sales 2.56

14 Analysts have issued a Canadian Natural Resources Limited forecast for earnings per share. The average Canadian Natural Resources Limited EPS is

CAD3.47
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. This is
3.34% lower
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than earnings per share in the financial year 2024. The highest EPS forecast is
CAD5.03 40.11%
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, the lowest is
CAD2.25 37.33%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2024 CAD2.85 23.80%
2025
CAD3.47 21.75%
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2026
CAD3.52 1.44%
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2027
CAD5.01 42.33%
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2028
CAD4.14 17.37%
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2029
CAD4.19 1.21%
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P/E ratio

Current 12.01 12.74%
2025
12.43 3.51%
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2026
12.26 1.37%
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2027
8.60 29.85%
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Based on analysts' sales estimates for 2025, the Canadian Natural Resources Limited stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.87 8.89%
2025
2.56 10.92%
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2026
2.66 4.06%
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2027
2.65 0.32%
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2028
3.00 12.96%
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2029
2.98 0.66%
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P/S ratio

Current 2.38 16.10%
2025
2.12 10.81%
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2026
2.21 4.06%
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2027
2.20 0.32%
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2028
2.48 12.97%
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2029
2.47 0.66%
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Current Canadian Natural Resources Limited Upgrades & Downgrades

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Analyst Rating Action Date
SCOTIABANK GBM
Locked
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Locked Apr 06 2025
TD COWEN
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Locked Apr 02 2025
JEFFERIES
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Locked Apr 01 2025
VERITAS INVESTMENT RESEARCH
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Locked Mar 30 2025
CIBC CAPITAL MARKETS
Locked
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Locked Mar 25 2025
TUDOR PICKERING & CO. SEC
Locked
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Locked Mar 24 2025
DESJARDINS SECURITIES
Locked
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Locked Mar 20 2025
Analyst Rating Date
Locked
SCOTIABANK GBM:
Locked
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Apr 06 2025
Locked
TD COWEN:
Locked
Locked
Apr 02 2025
Locked
JEFFERIES:
Locked
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Apr 01 2025
Locked
VERITAS INVESTMENT RESEARCH:
Locked
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Mar 30 2025
Locked
CIBC CAPITAL MARKETS:
Locked
Locked
Mar 25 2025
Locked
TUDOR PICKERING & CO. SEC:
Locked
Locked
Mar 24 2025
Locked
DESJARDINS SECURITIES:
Locked
Locked
Mar 20 2025

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