CAD42.50
0.05% day before yesterday
Toronto, Dec 20, 10:00 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
57%
Hold
43%

Canadian Natural Resources Limited Price Target

Target Price CAD56.42
Price CAD42.50
Potential
Number of Estimates 21
21 Analysts have issued a price target Canadian Natural Resources Limited 2025 . The average Canadian Natural Resources Limited target price is CAD56.42. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 23 analysts: 13 Analysts recommend Canadian Natural Resources Limited to buy, 10 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 Purchase.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion CAD 35.97 36.05
14.97% 0.24%
EBITDA Margin 47.94% 46.24%
9.45% 3.55%
Net Margin 22.15% 19.90%
8.02% 10.15%

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

CAD36.1b
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. This is
0.87% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
CAD39.9b 11.58%
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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
CAD36.1b 0.24%
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2025
CAD39.2b 8.63%
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2026
CAD40.0b 2.04%
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2027
CAD41.2b 2.99%
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2028
CAD41.8b 1.66%
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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

CAD16.7b
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. This is
2.97% lower
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
CAD17.2b 0.03%
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, the lowest is
CAD16.1b 6.54%
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.

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

EBITDA Estimates

2023 CAD17.2b 23.00%
2024
CAD16.7b 3.32%
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2025
CAD18.3b 9.78%
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2026
CAD19.8b 8.18%
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2027
CAD19.6b 0.84%
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2028
CAD19.6b 0.05%
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EBITDA Margin

2023 47.94% 9.45%
2024
46.24% 3.55%
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2025
46.73% 1.06%
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2026
49.54% 6.01%
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2027
47.69% 3.73%
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2028
46.94% 1.57%
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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

CAD7.2b
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. This is
4.38% 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
CAD6.2b 17.71%
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.

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

Net Profit Estimates

2023 CAD8.0b 21.78%
2024
CAD7.2b 9.96%
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2025
CAD7.6b 6.26%
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2026
CAD9.4b 23.63%
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2027
CAD8.3b 11.87%
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2028
CAD8.6b 3.56%
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Net Margin

2023 22.15% 8.02%
2024
19.90% 10.15%
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2025
19.46% 2.21%
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2026
23.58% 21.17%
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2027
20.18% 14.42%
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2028
20.56% 1.88%
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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 3.39
21.78% 10.08%
P/E 12.52
EV/Sales 2.79

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

CAD3.39
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. This is
4.51% 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
CAD2.92 17.75%
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.

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

Earnings Per Share

2023 CAD3.77 21.78%
2024
CAD3.39 10.08%
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2025
CAD3.61 6.49%
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2026
CAD4.46 23.55%
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2027
CAD3.93 11.88%
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2028
CAD4.07 3.56%
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P/E ratio

Current 11.97 6.85%
2024
12.52 4.59%
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2025
11.78 5.91%
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2026
9.53 19.10%
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2027
10.81 13.43%
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2028
10.44 3.42%
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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 2.81 1.40%
2024
2.79 0.83%
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2025
2.57 7.94%
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2026
2.51 2.00%
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2027
2.44 2.90%
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2028
2.40 1.63%
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P/S ratio

Current 2.51 0.28%
2024
2.49 0.86%
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2025
2.29 7.94%
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2026
2.24 2.00%
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2027
2.18 2.90%
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2028
2.14 1.63%
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