
CNQ Stock Forecast & Price Target
CNQ Analyst Ratings
Bulls say
Canadian Natural Resources Ltd has successfully increased its gross Athabasca Oil Sands Project production by approximately 50,000 barrels per day while simultaneously reducing unit costs from around $38 per barrel to about $25 per barrel. This significant cost reduction alongside production growth indicates a strong value perspective and operational efficiency within the company's Oil Sands Mining and Upgrading segment. Furthermore, the commitment to continuous operational and financial improvement positions the firm to further enhance capacity and margins across its diverse portfolio, thereby supporting a positive outlook.
Bears say
The financial outlook for Canadian Natural Resources Ltd (CNQ) appears challenging as the company continues to target a reduction of its net debt to approximately $16.7 billion by the end of 2025, which represents a decrease of about $2 billion from the projected year-end 2024 levels of $18.69 billion. Despite ongoing free cash flow generation, the emphasis on reducing net debt suggests potential constraints on capital allocation for growth initiatives or other operational strategies. Furthermore, the persistent focus on debt management may indicate underlying pressures that could inhibit the company's ability to capitalize on market opportunities in the exploration and production sector.
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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