CAD47.01
0.06% yesterday
Toronto, Nov 20, 09:33 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 CAD56.07
Price CAD47.21
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 CAD56.07. 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 35.90
14.97% 0.19%
EBITDA Margin 47.94% 46.04%
9.45% 3.96%
Net Margin 22.15% 19.81%
54.01% 10.56%

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

CAD35.9b
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. This is
0.45% 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
CAD35.9b 0.19%
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2025
CAD38.8b 8.12%
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2026
CAD39.5b 1.73%
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2027
CAD41.1b 4.02%
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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

CAD16.5b
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. This is
3.79% 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
CAD16.5b 4.15%
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2025
CAD18.3b 10.53%
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2026
CAD19.6b 7.16%
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2027
CAD19.6b 0.08%
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2028
CAD19.4b 0.61%
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EBITDA Margin

2023 47.94% 9.45%
2024
46.04% 3.96%
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2025
47.07% 2.24%
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2026
49.58% 5.33%
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2027
47.62% 3.95%
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2028
46.60% 2.14%
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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

CAD7.1b
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. This is
5.18% 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 60.89%
2024
CAD7.1b 10.71%
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2025
CAD7.5b 4.93%
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2026
CAD9.3b 24.80%
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2027
CAD8.3b 10.62%
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2028
CAD8.6b 3.30%
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Net Margin

2023 22.15% 54.01%
2024
19.81% 10.56%
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2025
19.23% 2.93%
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2026
23.59% 22.67%
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2027
20.27% 14.07%
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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 3.37
60.89% 10.61%
P/E 14.02
EV/Sales 3.08

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

CAD3.37
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. This is
5.07% 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 60.89%
2024
CAD3.37 10.61%
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2025
CAD3.53 4.75%
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2026
CAD4.41 24.93%
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2027
CAD3.94 10.66%
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2028
CAD4.07 3.30%
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P/E ratio

Current 13.30 5.34%
2024
14.02 5.41%
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2025
13.37 4.64%
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2026
10.71 19.90%
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2027
11.98 11.86%
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2028
11.60 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 3.09 0.32%
2024
3.08 0.48%
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2025
2.84 7.51%
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2026
2.80 1.70%
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2027
2.69 3.87%
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2028
2.65 1.55%
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P/S ratio

Current 2.79 1.84%
2024
2.77 0.44%
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2025
2.57 7.51%
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2026
2.52 1.70%
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2027
2.43 3.87%
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2028
2.39 1.55%
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