CAD47.28
0.15% day before yesterday
Toronto, Nov 01, 09:00 pm CET
ISIN
CA1363851017
Symbol
CNQ
Sector
Industry

Canadian Natural Resources Limited Target price 2024 - Analyst rating & recommendation

Canadian Natural Resources Limited Classifications & Recommendation:

Buy
50%
Hold
50%

Canadian Natural Resources Limited Price Target

Target Price CAD56.22
Price CAD47.28
Potential
Number of Estimates 20
20 Analysts have issued a price target Canadian Natural Resources Limited 2025 . The average Canadian Natural Resources Limited target price is CAD56.22. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 22 analysts: 11 Analysts recommend Canadian Natural Resources Limited to buy, 11 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 2025 of . Most analysts recommend the Canadian Natural Resources Limited stock at Buy or hold.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion CAD 35.97 35.74
14.97% 0.62%
EBITDA Margin 47.94% 45.88%
9.45% 4.30%
Net Margin 22.15% 19.14%
54.01% 13.59%

10 Analysts have issued a sales forecast Canadian Natural Resources Limited 2024 . The average Canadian Natural Resources Limited sales estimate is

CAD35.7b
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. This is
0.01% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
CAD39.6b 10.70%
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, the lowest is
CAD33.6b 6.11%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 CAD36.0b 14.97%
2024
CAD35.7b 0.62%
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2025
CAD38.4b 7.53%
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2026
CAD39.2b 1.86%
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2027
CAD41.1b 4.91%
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2028
CAD41.7b 1.57%
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11 Analysts have issued an Canadian Natural Resources Limited EBITDA forecast 2024. The average Canadian Natural Resources Limited EBITDA estimate is

CAD16.4b
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. This is
4.54% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
CAD17.1b 0.52%
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, the lowest is
CAD15.5b 9.90%
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.

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

EBITDA Estimates

2023 CAD17.2b 23.00%
2024
CAD16.4b 4.89%
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2025
CAD18.1b 10.62%
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2026
CAD19.4b 7.16%
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2027
CAD20.1b 3.49%
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2028
CAD19.4b 3.36%
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EBITDA Margin

2023 47.94% 9.45%
2024
45.88% 4.30%
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2025
47.19% 2.86%
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2026
49.65% 5.21%
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2027
48.98% 1.35%
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2028
46.60% 4.86%
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5 Canadian Natural Resources Limited Analysts have issued a net profit forecast 2024. The average Canadian Natural Resources Limited net profit estimate is

CAD6.8b
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. This is
8.80% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
CAD8.5b 13.24%
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, the lowest is
CAD5.7b 24.30%
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.

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

Net Profit Estimates

2023 CAD8.0b 60.89%
2024
CAD6.8b 14.12%
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2025
CAD7.3b 7.42%
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2026
CAD9.2b 25.05%
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2027
CAD8.3b 9.40%
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2028
CAD8.6b 3.30%
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Net Margin

2023 22.15% 54.01%
2024
19.14% 13.59%
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2025
19.12% 0.10%
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2026
23.47% 22.75%
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2027
20.27% 13.63%
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2028
20.61% 1.68%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share CAD 3.77 3.24
60.89% 14.06%
P/E 14.60
EV/Sales 3.11

5 Analysts have issued a Canadian Natural Resources Limited forecast for earnings per share. The average Canadian Natural Resources Limited <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

CAD3.24
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. This is
8.73% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
CAD4.02 13.24%
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, the lowest is
CAD2.69 24.23%
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.

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

Earnings Per Share

2023 CAD3.77 60.89%
2024
CAD3.24 14.06%
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2025
CAD3.48 7.41%
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2026
CAD4.35 25.00%
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2027
CAD3.94 9.43%
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2028
CAD4.07 3.30%
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P/E ratio

Current 13.30 3.66%
2024
14.60 9.77%
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2025
13.59 6.92%
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2026
10.87 20.01%
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2027
12.00 10.40%
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2028
11.62 3.17%
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Based on analysts' sales estimates for 2024, the Canadian Natural Resources Limited stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

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

EV/Sales

Current 3.11 4.71%
2024
3.11 0.01%
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2025
2.89 7.00%
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2026
2.84 1.83%
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2027
2.71 4.68%
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2028
2.66 1.55%
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P/S ratio

Current 2.81 7.28%
2024
2.81 0.01%
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2025
2.61 7.01%
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2026
2.56 1.83%
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2027
2.44 4.68%
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2028
2.41 1.55%
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