
CNQ Stock Forecast & Price Target
CNQ Analyst Ratings
Bulls say
Canadian Natural Resources Ltd has successfully increased its gross Athabasca Oil Sands Project (AOSP) production by approximately 50,000 barrels per day while significantly reducing unit costs from around $38 per barrel to about $25 per barrel. The company is committed to continuous operational and financial improvement, which is expected to not only mitigate cost pressures but also enhance capacity and margins across its diverse portfolio. This strategic focus positions Canadian Natural Resources Ltd favorably for sustained growth and profitability in the evolving energy sector.
Bears say
Canadian Natural Resources Ltd is focusing on reducing its net debt, aiming for approximately $16.7 billion by the end of 2025, which reflects a decrease of about $2 billion from the projected year-end 2024 levels of $18.69 billion. Despite the organic reduction in net debt driven by ongoing free cash flow generation, there are concerns regarding the company's overall financial health, particularly given the challenging external market conditions for crude oil and natural gas. The reliance on its Oil Sands Mining and Upgrading segment for revenue generation poses risks associated with fluctuating commodity prices, further contributing to a negative outlook on the company's stock.
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
Start investing in CNQ
Order type
Buy in
Order amount
Est. shares
0 shares