
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 reducing unit costs from around $38 per barrel to approximately $25 per barrel. This significant reduction in costs, alongside increased production capacity, underscores the company's commitment to operational and financial improvements, further enhancing its profitability. Additionally, the focus on ongoing capacity and margin growth across its portfolio positions Canadian Natural Resources for sustained financial strength despite external cost pressures.
Bears say
Canadian Natural Resources Ltd. is actively working to reduce its net debt through sustained free cash flow generation, indicating a focus on financial health. However, the company's target net debt of approximately $16.7 billion by year-end 2025 still represents a significant obligation, albeit a reduction from the projected $18.69 billion debt at the end of 2024. This ongoing high debt level may raise concerns about the company's leverage and overall financial flexibility, contributing to a negative outlook on its 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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