C$69.10
1.53%
Toronto, Oct 02, 04:00 pm EDT. Closed.
ISIN
CA1363851017
Symbol
CNQ

Canadian Natural Resources Limited Target price 2026 - Analyst rating & recommendation

Canadian Natural Resources Limited Classifications & Recommendation

Buy
46%
Hold
46%
Sell
8%

Canadian Natural Resources Limited Price Target

Target Price C$73.44
Price C$69.10
Potential
Number of Estimates 22
22 Analysts have issued a price target Canadian Natural Resources Limited 2027 . The average Canadian Natural Resources Limited target price is C$73.44. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 26 analysts: 12 Analysts recommend Canadian Natural Resources Limited to buy, 12 to hold and 2 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 2027 of . Most analysts recommend the Canadian Natural Resources Limited stock at Buy or hold.

Sales and Margin forecast 2026, 2027 to 2030

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Select at least one metric to display the chart.


Quarter Annually
Dec '25 2026
Estimates
Revenue Billion C$ 38.76 48.09
8.71% 24.05%
EBITDA Margin 45.43% 52.18%
1.27% 14.86%
Net Margin 27.91% 26.21%
63.00% 6.10%

13 Analysts have issued a sales forecast Canadian Natural Resources Limited 2026 . The average Canadian Natural Resources Limited sales estimate is

C$48.1b
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. This is
7.63% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
C$54.2b 21.35%
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, the lowest is
C$41.9b 6.30%
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.

This results in the following potential growth metrics:

Revenue Estimates

2025 C$38.8b 8.71%
2026
C$48.1b 24.05%
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2027
C$42.4b 11.82%
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2028
C$42.3b 0.25%
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2029
C$40.2b 4.88%
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2030
C$41.0b 1.96%
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12 Analysts have issued an Canadian Natural Resources Limited EBITDA forecast 2026. The average Canadian Natural Resources Limited EBITDA estimate is

C$25.1b
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. This is
17.09% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
C$27.2b 26.82%
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, the lowest is
C$22.9b 6.83%
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.

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

EBITDA Estimates

2025 C$17.6b 7.33%
2026
C$25.1b 42.48%
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2027
C$22.3b 11.06%
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2028
C$20.9b 6.50%
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2029
C$19.5b 6.35%
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2030
C$19.8b 1.45%
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EBITDA Margin

2025 45.43% 1.27%
2026
52.18% 14.86%
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2027
52.63% 0.86%
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2028
49.33% 6.27%
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2029
48.57% 1.54%
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2030
48.32% 0.51%
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17 Canadian Natural Resources Limited Analysts have issued a net profit forecast 2026. The average Canadian Natural Resources Limited net profit estimate is

C$12.6b
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. This is
7.22% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
C$15.3b 30.11%
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, the lowest is
C$11.2b 4.44%
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.

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

Net Profit Estimates

2025 C$10.8b 77.20%
2026
C$12.6b 16.47%
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2027
C$10.5b 16.62%
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2028
C$10.6b 1.14%
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2029
C$11.2b 5.01%
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2030
C$12.0b 7.51%
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Net Margin

2025 27.91% 63.00%
2026
26.21% 6.10%
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2027
24.78% 5.46%
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2028
25.12% 1.37%
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2029
27.74% 10.43%
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2030
29.25% 5.44%
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Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 to 2030

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Select at least one metric to display the chart.


Quarter Annually
Dec '25 2026
Estimates
Earnings Per Share C$ 5.16 6.09
81.05% 18.02%
P/E 11.17
EV/Sales 3.23

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

C$6.09
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. This is
8.36% higher
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than earnings per share in the financial year 2025. The highest EPS forecast is
C$7.39 31.49%
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, the lowest is
C$5.43 3.38%
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.

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

Earnings Per Share

2025 C$5.16 81.05%
2026
C$6.09 18.02%
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2027
C$5.08 16.58%
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2028
C$5.14 1.18%
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2029
C$5.39 4.86%
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2030
C$5.80 7.61%
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P/E ratio

Current 12.11 5.24%
2026
11.17 7.76%
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2027
13.40 19.96%
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2028
13.25 1.12%
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2029
12.62 4.75%
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2030
11.74 6.97%
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Based on analysts' sales estimates for 2026, 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 3.48 17.17%
2026
3.23 7.05%
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2027
3.67 13.40%
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2028
3.68 0.25%
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2029
3.87 5.13%
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2030
3.79 1.92%
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P/S ratio

Current 3.09 24.11%
2026
2.87 7.09%
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2027
3.25 13.40%
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2028
3.26 0.25%
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2029
3.43 5.13%
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2030
3.36 1.92%
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Current Canadian Natural Resources Limited Upgrades & Downgrades

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Analyst Rating Action Date
ARC INDEPENDENT RESEARCH
Locked
➜
Locked
Locked Sep 21 2026
RAYMOND JAMES LTD.
Locked
➜
Locked
Locked Sep 16 2026
CIBC CAPITAL MARKETS
Locked
➜
Locked
Locked Sep 10 2026
PETERS & CO., LIMITED
Locked
➜
Locked
Locked Aug 17 2026
JEFFERIES
Locked
➜
Locked
Locked Aug 16 2026
TUDOR PICKERING & CO. SEC
Locked
➜
Locked
Locked Aug 11 2026
ATB CAPITAL MARKETS
Locked
➜
Locked
Locked Aug 06 2026
Analyst Rating Date
Locked
ARC INDEPENDENT RESEARCH:
Locked
➜
Locked
Sep 21 2026
Locked
RAYMOND JAMES LTD.:
Locked
➜
Locked
Sep 16 2026
Locked
CIBC CAPITAL MARKETS:
Locked
➜
Locked
Sep 10 2026
Locked
PETERS & CO., LIMITED:
Locked
➜
Locked
Aug 17 2026
Locked
JEFFERIES:
Locked
➜
Locked
Aug 16 2026
Locked
TUDOR PICKERING & CO. SEC:
Locked
➜
Locked
Aug 11 2026
Locked
ATB CAPITAL MARKETS:
Locked
➜
Locked
Aug 06 2026

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