
CNQ Stock Forecast & Price Target
CNQ Analyst Ratings
Bulls say
Canadian Natural Resources Ltd has successfully increased its Athabasca Oil Sands Project (AOSP) production by approximately 50,000 barrels per day while simultaneously reducing unit costs from around $38 per barrel to approximately $25 per barrel. The company's commitment to continuous operational and financial improvement is expected to further mitigate cost pressures while enhancing capacity and margins across its portfolio. This strategic focus on efficiency and production enhancement contributes to a positive outlook for the company's financial performance.
Bears say
Canadian Natural Resources Ltd (CNQ) is focused on reducing its net debt, aiming for approximately $16.7 billion by the end of 2025, which would be a decline of about $2 billion from 2024's projected levels of $18.69 billion. Despite ongoing efforts to generate free cash flow and lower net debt, the significant levels of debt may raise concerns regarding the company's financial health and sustainability in a fluctuating market. The persistent high net debt levels could limit CNQ's operational flexibility and investment opportunities, contributing to a negative outlook for the 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
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