Analysts Set Canadian Natural Resources Limited (NYSE:CNQ) Price Target at $57.00

Posted by Brian Himes on Jun 9th, 2026

Shares of Canadian Natural Resources Limited (NYSE:CNQ – Get Free Report) (TSE:CNQ) have been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $57.00.

Several analysts recently issued reports on the stock. Raymond James Financial raised shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating in a report on Thursday, May 7th. Zacks Research raised shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 5th. Weiss Ratings downgraded shares of Canadian Natural Resources from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 11th. The Goldman Sachs Group upped their price objective on shares of Canadian Natural Resources from $37.00 to $49.00 and gave the stock a “buy” rating in a report on Thursday, March 12th. Finally, ATB Cormark Capital Markets downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “moderate buy” rating in a report on Thursday, March 5th.

Read Our Latest Analysis on CNQ

Canadian Natural Resources Stock Performance

CNQ stock opened at $46.37 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.98 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $96.50 billion, a price-to-earnings ratio of 13.84 and a beta of 0.45. Canadian Natural Resources has a 12 month low of $29.30 and a 12 month high of $51.34. The firm has a 50 day moving average of $46.73 and a two-hundred day moving average of $41.10.

Canadian Natural Resources (NYSE:CNQ – Get Free Report) (TSE:CNQ) last posted its quarterly earnings data on Thursday, May 7th. The oil and gas producer reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. The business had revenue of $7.72 billion during the quarter, compared to the consensus estimate of $7.57 billion. Canadian Natural Resources had a net margin of 22.04% and a return on equity of 17.49%. During the same period in the prior year, the firm earned $1.16 EPS. As a group, equities analysts anticipate that Canadian Natural Resources will post 4.2 EPS for the current fiscal year.

Canadian Natural Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 7th. Investors of record on Tuesday, June 23rd will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Tuesday, June 23rd. Canadian Natural Resources’s dividend payout ratio is currently 54.03%.

Hedge Funds Weigh In On Canadian Natural Resources

Large investors have recently bought and sold shares of the stock. Axiom Investment Management LLC acquired a new position in Canadian Natural Resources during the 1st quarter valued at $29,000. Sunbelt Securities Inc. acquired a new position in Canadian Natural Resources during the 4th quarter valued at $25,000. Manchester Capital Management LLC acquired a new position in Canadian Natural Resources during the 4th quarter valued at $28,000. Leonteq Securities AG acquired a new position in Canadian Natural Resources during the 4th quarter valued at $31,000. Finally, GoalVest Advisory LLC acquired a new position in Canadian Natural Resources during the 4th quarter valued at $32,000. 74.03% of the stock is currently owned by institutional investors and hedge funds.

About Canadian Natural Resources

(Get Free Report)

Canadian Natural Resources Limited (NYSE: CNQ) is a Calgary-based independent oil and natural gas exploration and production company. Established in the early 1970s and publicly listed in Canada and the United States, the company is principally engaged in the exploration, development, production, and marketing of crude oil, natural gas and natural gas liquids. Its asset base spans conventional and unconventional reservoirs and includes oil sands mining and in-situ thermal projects, midstream processing and upgrading capacity, and related field operations.

The company’s operations are concentrated in Western Canada, where it develops heavy crude, bitumen from oil sands and conventional light crude and natural gas resources.