Canadian Natural Resources Ltd. (CNQ) Stock Forecast & Predictions

Canadian Natural Resources Ltd. CNQ: $30.84

2100, 855-2 Street Sw, Calgary, Alberta, Canada. | Sector: Mining, Quarrying, and Oil and Gas Extraction | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: https://www.cnrl.com/

  • Market Cap$36.56B
  • Change (52 Weeks)144.63%
  • Low (52 Weeks)$11.27
  • Canadian Natural Resources Ltd. (CNQ) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Canadian Natural Resources Ltd. (CNQ) stock price is $30.84 and the 52 weeks low is $11.27, which means the Canadian Natural Resources Ltd. stock price is up 144.63% in the last 12 months.

    Canadian Natural Resources Ltd. (CNQ) Stock Price has been Trending Strongly with an ADX reading of 28.62 as per the Weekly Chart.

    A Upward trend indicates that Canadian Natural Resources Ltd. (CNQ) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that CNQ Stock price might rise further, 18.75% indicating that CNQ Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall CNQ stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Canadian Natural Resources Ltd. (CNQ) Stock Forecast By Analysts


    Strong Buy
    Analysts Recommendations for Canadian Natural Resources Ltd. (CNQ) is based on 25 Institutional Analyst Ratings where 68.00% are on Strong Buy, 16.00% on Moderate Buy, 16.00% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 25 Institutional Analysts, majority recommended CNQ stock as Strong Buy. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Canadian Natural Resources Ltd..

    Canadian Natural Resources Ltd. (CNQ) Stock Price Prediction By Analysts


    HighLowAverage
    $56.70$30.30$44.62
    $44.6244.7% Upside
    Updated: 2021-04-12 00:00:00

    The Average Price target for CNQ set by the institutional analysts is $44.62 where High Estimate is $56.70, Median $44.88 and Low $30.30.

    The average price target for CNQ by Institutional Analysts is $44.62, which is 44.7% Upside from the current price. So according to the Institutional Analysts, CNQ Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Canadian Natural Resources Ltd. (CNQ) Stock Forecast Based on News Sentiment


    Neutral
    Based on 2 articles published Last Week, where 50.00% are Bullish and 50.00% are Bearish.

    According to the news articles published last week, journalists and bloggers had a mixed sentiment of CNQ consisting of positive and negative, it shows that Canadian Natural Resources Ltd. had a neutral news coverage.

    Neutral news coverage usually doesn't affect short-term price of a stock, so CNQ stock price most likey won't have any reaction to last weeks news coverage.

    Canadian Natural Resources Ltd. (CNQ) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    SbankOutperformUpgraded
    National Bank FinancialOutperformDowngraded
    CIBC World MarketsOutperformUpgraded
    CIBC World MarketsOutperformUpgraded
    Tudor PickeringBuyUpgraded
    Credit SuisseNeutralInitiated
    RBC CapitalBuyInitiated
    Credit SuisseNeutralUpgraded
    Raymond James FinancialOutperformUpgraded
    BMO Capital MarketsUpgraded
    TD Securities BUYUpgraded
    Raymond James Financial OUTPERFORMUpgraded
    BMO Capital MarketsUpgraded
    Credit SuisseOutperformUpgraded
    TD SecuritiesBuyUpgraded
    Tudor PickeringBuyUpgraded
    Bank of AmericaUpgraded
    National Bank FinancialOutperformUpgraded
    Eight CapitalUpgraded
    Goldman SachsNeutralInitiated
    ATB CapitalOutperformInitiated
    Credit SuisseUpgraded
    SbankOutperformUpgraded
    Tudor PickeringBuyInitiated
    JPMorgan ChaseDowngraded
    Credit SuisseUpgraded
    UBSUpgraded
    CIBC World MarketsUpgraded
    RBC CapitalOutperformInitiated
    BMO Capital MarketsOutperformUpgraded
    TD SecuritiesBuyUpgraded
    National Bank FinancialOutperformUpgraded
    JPMorgan ChaseUpgraded
    CIBC World MarketsUpgraded
    TD SecuritiesBuyUpgraded
    Morgan StanleyDowngraded
    Wells FargoUpgraded
    RBC CapitalOutperformInitiated
    Raymond James FinancialOutperformUpgraded
    Cormark SecuritiesUpgraded
    Raymond James FinancialOutperformUpgraded
    Morgan StanleyOverweightUpgraded
    Credit SuisseOutperformInitiated
    RBC CapitalOutperformUpgraded
    BMO Capital MarketsUpgraded
    National Bank FinancialOutperformUpgraded
    Goldman SachsBuyInitiated
    Tudor PickeringBuyInitiated
    Goldman SachsBuyUpgraded
    RBC CapitalOutperformUpgraded
    Evercore ISIDowngraded
    Tudor PickeringBuyInitiated
    National Bank FinancialSector PerformDowngraded
    Raymond James FinancialOutperformUpgraded
    Tudor PickeringBuyInitiated
    JPMorgan ChaseDowngraded
    Credit SuisseDowngraded
    Raymond James FinancialOutperformDowngraded
    JPMorgan ChaseDowngraded
    RBC CapitalOutperformDowngraded
    Wells FargoDowngraded
    Tudor PickeringBuyInitiated
    Canaccord GenuityDowngraded
    RBC CapitalDowngraded
    Morgan StanleyEqual WeightDowngraded
    Evercore ISIIn-LineDowngraded
    Raymond James FinancialOutperformDowngraded
    JPMorgan ChaseDowngraded
    Canaccord GenuityDowngraded
    National Bank FinancialSector PerformDowngraded
    Cormark SecuritiesDowngraded
    JPMorgan ChaseDowngraded
    National Bank FinancialSector PerformDowngraded
    Wells FargoUpgraded
    JPMorgan ChaseSector PerformUpgraded
    Tudor PickeringBuyUpgraded
    National Bank FinancialSector PerformDowngraded
    CIBC World MarketsUpgraded
    TD SecuritiesBuyUpgraded
    Raymond James FinancialOutperformInitiated
    National Bank FinancialSector PerformUpgraded
    RBC CapitalDowngraded
    CIBC World MarketsDowngraded
    Evercore ISIDowngraded
    Tudor PickeringHoldReiterated
    National Bank FinancialSector PerformReiterated
    JPMorgan ChaseDowngraded
    Wells FargoUnderperformDowngraded
    Credit SuisseDowngraded
    Raymond James FinancialOutperformInitiated
    Goldman SachsNeutralReiterated
    RBC CapitalDowngraded
    CIBC World MarketsDowngraded
    National Bank FinancialOutperformDowngraded
    Canaccord GenuityUpgraded
    GMP SecuritiesDowngraded
    National Bank FinancialOutperformDowngraded
    UBSDowngraded
    Tudor PickeringBuyReiterated
    RBC CapitalOutperformUpgraded
    JPMorgan ChaseUpgraded
    RBC CapitalOutperformInitiated
    Raymond James FinancialOutperformInitiated
    Canaccord GenuityUpgraded
    National Bank FinancialUpgraded
    Evercore ISI GroupOutperformUpgraded
    Evercore ISIOutperformUpgraded
    Credit SuisseUpgraded
    Mizuho SecuritiesBuyInitiated
    MizuhoBuyInitiated
    TD SecuritiesBuyUpgraded
    Raymond James FinancialOutperformInitiated
    Raymond James FinancialOutperformInitiated
    Morgan StanleyDowngraded
    Credit SuisseOutperformInitiated
    Canaccord GenuityDowngraded
    BarclaysDowngraded
    JPMorgan ChaseDowngraded
    GMP SecuritiesDowngraded
    JPMorgan ChaseDowngraded
    National Bank FinancialOutperformDowngraded
    TD SecuritiesBuyDowngraded
    CitigroupNeutralMaintained
    BMO Capital MarketsDowngraded
    CIBC World MarketsDowngraded
    Morgan StanleyDowngraded
    Canaccord GenuityDowngraded
    RBC CapitalOutperformUpgraded
    Raymond James FinancialOutperformInitiated
    Canaccord GenuityDowngraded
    Morgan StanleyDowngraded
    Morgan StanleyOverweightMaintained
    Cormark SecuritiesDowngraded
    BMO Capital MarketsDowngraded
    CIBC World MarketsOutperformInitiated
    CIBCOutperformerInitiated
    RBC CapitalOutperformDowngraded
    National Bank FinancialOutperformDowngraded
    Credit SuisseUpgraded
    BarclaysUpgraded
    Canaccord GenuityUpgraded
    Raymond James FinancialUpgraded
    Morgan StanleyOverweightMaintained
    Raymond James FinancialDowngraded
    Canaccord GenuityUpgraded
    National Bank FinancialOutperformDowngraded
    GMP SecuritiesUpgraded
    Raymond James FinancialUpgraded
    Morgan StanleyOverweightMaintained
    Credit SuisseUpgraded
    Wells FargoUpgraded
    UBSBuyInitiated
    RBC CapitalTop PickUpgraded
    Wells FargoMarket PerformDowngraded
    BarclaysUpgraded
    Morgan StanleyOverweightMaintained
    Wells FargoUpgraded
    Eight CapitalBuyInitiated
    National Bank FinancialOutperformUpgraded
    BarclaysUpgraded
    TD SecuritiesBuyUpgraded
    Raymond James FinancialOutperformUpgraded
    BMO Capital MarketsOutperformReiterated
    JPMorgan ChaseUpgraded
    GMP SecuritiesUpgraded
    Morgan StanleyOverweightMaintained
    National Bank FinancialOutperformUpgraded
    Canaccord GenuityUpgraded
    National Bank FinancialOutperformUpgraded
    CitigroupNeutralDowngraded
    Morgan StanleyOverweightUpgraded
    BarclaysMaintained
    National Bank FinancialOutperformInitiated
    RBC CapitalTop PickMaintained
    RBC CapitalTop PickMaintained
    BarclaysMaintained
    UBSMaintained
    SbankOutperformMaintained
    Raymond James FinancialOutperformMaintained
    BMO Capital MarketsMaintained
    TD SecuritiesBuyMaintained
    RBC CapitalTop PickMaintained
    Raymond James FinancialOutperformMaintained
    TD SecuritiesBuyMaintained
    BarclaysMaintained
    BMO Capital MarketsMaintained
    SbankOutperformMaintained
    RBC CapitalTop PickMaintained
    CIBC World MarketsMaintained
    RBC CapitalMaintained
    InstinetBuyMaintained
    JPMorgan ChaseMaintained
    Desjardins SecuritiesMaintained
    CIBC World MarketsMaintained
    RBC CapitalTop PickMaintained
    Bank of AmericaBuyInitiated
    TD SecuritiesHoldMaintained
    MacquarieOutperformUpgraded
    JP MorganOverweightMaintained
    JPMorgan ChaseMaintained
    Desjardins SecuritiesMaintained
    CitigroupBuyMaintained
    RBC CapitalBuyMaintained
    First EnergyMaintained
    Altacorp CapitalMaintained
    Raymond James FinancialMaintained
    BarclaysOverweightMaintained
    TD SecuritiesHoldMaintained
    Desjardins SecuritiesHoldMaintained
    CIBC World MarketsMaintained
    BarclaysMaintained
    CitigroupBuyMaintained
    TD SecuritiesHoldDowngraded
    RBC CapitalOutperformMaintained
    Raymond James FinancialOutperformMaintained
    National Bank FinancialSector PerformMaintained
    JP MorganOverweightUpgraded
    CIBC World MarketsSector OutperformerMaintained
    BMO Capital MarketsOutperformMaintained
    BarclaysMaintained
    RBC CapitalOutperformMaintained
    NomuraBuyMaintained
    CIBC World MarketsMaintained
    Raymond James FinancialMaintained
    Morgan StanleyEqual-WeightDowngraded
    Societe GeneraleBuyMaintained
    CitigroupBuyUpgraded
    JP MorganNeutralMaintained
    BarclaysOverweightMaintained
    Raymond James FinancialOutperformMaintained
    SbankOutperformMaintained
    Raymond James FinancialOutperformMaintained
    National Bank FinancialOutperformMaintained
    CIBC World MarketsMaintained
    CitigroupNeutralMaintained
    Raymond JamesOutperformUpgraded
    Raymond James FinancialOutperformMaintained
    JP MorganNeutralDowngraded
    Raymond JamesUpgraded
    JP MorganOverweightMaintained
    BarclaysOutperformMaintained
    SbankMaintained
    Goldman SachsNeutralInitiated
    JPMorgan ChaseOutperformInitiated
    JP MorganOverweightInitiated
    RBC CapitalOutperformMaintained
    UBSBuyInitiated
    NomuraBuyInitiated
    GMP SecuritiesBuyInitiated
    Credit SuisseOutperformMaintained
    CitigroupNeutralMaintained
    Raymond James FinancialMaintained
    VeritasBuyUpgraded
    CitigroupNeutralMaintained
    BarclaysOutperformMaintained
    Raymond James FinancialMaintained
    National Bank FinancialOutperformMaintained
    Cormark SecuritiesBuyUpgraded
    CitigroupNeutralMaintained
    CIBC World MarketsMaintained
    BMO Capital MarketsOutperformMaintained
    BarclaysOutperformMaintained
    RBC CapitalOutperformMaintained
    Raymond James FinancialAt Market PerformMaintained
    CIBC World MarketsSector PerformMaintained
    CitigroupNeutralDowngraded
    Raymond James FinancialAt Market PerformMaintained
    CIBC World MarketsOutperformMaintained
    National Bank FinancialOutperformMaintained
    CIBC World MarketsMaintained
    National Bank FinancialOutperformMaintained
    TD SecuritiesMaintained
    TD SecuritiesBuyUpgraded
    AltaCorp CapitalOutperformInitiated
    CIBC World MarketsSector OutperformMaintained
    CIBCMaintained
    CitigroupBuyMaintained
    CIBC World MarketsMaintained
    TD SecuritiesHoldMaintained
    Raymond James FinancialAt Market PerformMaintained
    BarclaysMaintained
    National Bank FinancialMaintained
    FirstEnergy CapitalTop PickUpgraded
    BMO Capital MarketsMaintained
    Global HunterBuyMaintained
    BarclaysOutperformMaintained
    CIBCSector OutperformMaintained
    Raymond James FinancialMaintained
    SbankMaintained
    Stifel NicolausMaintained
    FirstEnergy CapitalOutperformUpgraded
    Morgan StanleyOverweightInitiated
    Morgan StanleyOutperformInitiated
    Morgan StanleyOverweightInitiated
    TD SecuritiesHoldMaintained
    CitigroupBuyMaintained
    BMO Capital MarketsOutperformMaintained
    TD SecuritiesBuyMaintained
    MacquarieOutperformUpgraded
    Raymond James FinancialAt Market PerformMaintained
    Seaport GlobalBuyUpgraded
    Global HunterBuyUpgraded
    Societe GeneraleBuyMaintained
    BarclaysOutperformMaintained
    Raymond James FinancialMaintained
    Canaccord GenuityBuyMaintained
    Cormark SecuritiesMarket PerformDowngraded
    Raymond James FinancialMaintained
    BarclaysOverweightMaintained
    SbankSector OutperformMaintained
    Canaccord GenuityBuyUpgraded
    FirstEnergy CapitalTop PickUpgraded
    SbankMaintained
    FirstEnergy CapitalOutperformDowngraded
    TD SecuritiesMaintained
    MacquarieNeutralDowngraded
    BarclaysMaintained
    Global Hunter SecuritiesAccumulateInitiated
    GMP SecuritiesBuyInitiated
    FirstEnergy CapitalTop PickUpgraded
    Canaccord GenuityMaintained
    CIBC World MarketsSector PerformMaintained
    Stifel NicolausBuyUpgraded
    SbankSector OutperformMaintained
    Societe GeneraleBuyMaintained
    CitigroupBuyMaintained
    CIBC World MarketsMaintained
    CIBCSector PerformDowngraded
    BMO CapitalMarket PerformMaintained
    RBC CapitalOutperformMaintained
    CIBC World MarketsMaintained
    Canaccord GenuityMaintained
    BarclaysMaintained
    BMO CapitalMarket PerformMaintained
    Raymond JamesMarket PerformDowngraded
    Societe GeneraleBuyMaintained
    Deutsche BankHoldDowngraded

    Canadian Natural Resources Ltd. (CNQ) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.717
    The average consensus EPS for CNQ is $0.717 with a high estimate of $0.977 and Low of $0.452 for the period 2021-06-30 and based on 10 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.15$0.126714599999999982020-12-31


    The latest average Earning Per Share Estimate for Canadian Natural Resources Ltd. is $0.72, which is higher than CNQ's last EPS, $0.15. This means that Analysts are expecting Canadian Natural Resources Ltd. to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Canadian Natural Resources Ltd..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.15$0.126714599999999982020-12-31
    $0.11$-0.00118172020-09-30
    $-0.65$-0.803962020-06-30
    $-0.25$-0.013132020-03-31
    $0.58$0.70944420000000012019-12-31
    $1.04$0.78055832019-09-30
    $0.87$0.85822732019-06-30
    $0.7$0.5139892019-03-31
    $-0.21$0.13823872018-12-31
    $1.11$0.90529332018-09-30
    $1.04$0.81431252018-06-30
    $0.71$0.667612018-03-31
    $0.46$0.367953100000000032017-12-31
    $0.19$0.11252412017-09-30
    $0.29$0.26273132017-06-30
    $0.25$0.277598499999999972017-03-31
    $0.4$0.1173622016-12-31
    $-0.32$-0.25115672016-09-30
    $-0.19$-0.28812272016-06-30
    $-0.5$-0.577722016-03-31
    $-0.04$-0.04149082015-12-31
    $0.1$-0.09283922015-09-30
    $0.16$0.09602072015-06-30
    $0.02$-0.05159082015-03-31
    $0.69$0.68688080000000012014-12-31
    $0.89$0.761542014-09-30
    $1.04$0.99469852014-06-30
    $0.85$0.80028362014-03-31
    $0.52$0.55513642013-12-31
    $0.93$0.91348440000000012013-09-30
    $0.42$0.43455252013-06-30
    $0.37$0.419463100000000032013-03-31
    $0.33$0.39881872012-12-31
    $0.32$0.50749472012-09-30
    $0.55$0.53420919999999992012-06-30
    $0.27$0.44022872012-03-31
    $0.88$0.86440852011-12-31
    $0.65$0.5307552011-09-30
    $0.56$0.45079332011-06-30
    $0.21$0.33498672011-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).