
CNQ Stock Forecast & Price Target
CNQ Analyst Ratings
Bulls say
Canadian Natural Resources Ltd has successfully increased its gross AOSP production by approximately 50,000 barrels per day while significantly reducing unit costs from around $38 per barrel to approximately $25 per barrel. This operational efficiency is supported by the company's commitment to continuous improvement, which aims to offset cost pressures and enhance margins across its portfolio. These strategic advancements position the company favorably within the industry, contributing to a positive financial outlook.
Bears say
Canadian Natural Resources Ltd (CNQ) is experiencing challenges as it reduces its net debt organically through free cash flow generation, which indicates ongoing financial strain despite efforts to improve its balance sheet. The company's targeted reduction in net debt to approximately $16.7 billion by year-end 2025, while lower than the anticipated year-end 2024 levels of $18.69 billion, reflects the pressures it faces in managing debt amidst fluctuating market conditions. This reliance on cash flow generation to drive down debt may raise concerns regarding the sustainability of operations and profitability moving forward, casting a shadow on future growth prospects.
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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