
CNQ Stock Forecast & Price Target
CNQ Analyst Ratings
Bulls say
Canadian Natural Resources Ltd (CNQ) is positioned for substantial growth, with plans to increase annual bitumen production by approximately 195,000 barrels per day through innovative extraction techniques at its Horizon Oil Sands facility, alongside a projected organic top-line production growth rate of 2%-5% annually, supported by a substantial net reserve base of 11.2 billion barrels of oil equivalent (boe). The company's strategic decisions, including enhancing its committed capacity on the Trans Mountain Pipeline and beneficial agreements such as the Chevron acquisition and Shell swap, are expected to contribute significantly to its free cash flow yield, which currently stands at 11%, surpassing the peer group average of 9%. Additionally, CNQ's positive operational performance during early 2023 indicates a robust financial foundation, reinforcing the company's potential for future growth and stability in the energy sector.
Bears say
Canadian Natural Resources Ltd's financial outlook reflects concerns about its capacity for organic growth, despite possessing a substantial net proven reserve base of 11.2 billion barrels of oil equivalent (boe) and a robust reserve life index of 26 years. The company's recent performance has been negatively impacted by perceptions of increased vulnerability to potential US tariffs coupled with a noticeable decline in shareholder returns following its acquisition of Chevron assets in December. Additionally, CNQ's transition from selling upgraded synthetic crude oil (SCO) to a greater reliance on non-upgraded bitumen sales may compound these challenges, further contributing to its sluggish relative market performance.
This aggregate rating is based on analysts' research of Canadian Natural Resources and is not a guaranteed prediction by Public.com or investment advice.
CNQ Analyst Forecast & Price Prediction
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