
CNQ Stock Forecast & Price Target
CNQ Analyst Ratings
Bulls say
Canadian Natural Resources Ltd has achieved a significant increase in its Athabasca Oil Sands Project (AOSP) production by approximately 50,000 barrels per day while effectively reducing unit costs from around $38 per barrel to about $25 per barrel. This operational efficiency enhances the company's competitive positioning and profitability within the oil and gas sector. Additionally, Canadian Natural's commitment to continuous operational and financial improvement is expected to counteract cost pressures and contribute to capacity and margin growth across its diverse portfolio.
Bears say
Canadian Natural Resources Ltd is focused on reducing its net debt through sustained free cash flow generation, with a target of approximately $16.7 billion by the end of 2025, which is about $2 billion lower than the projected $18.69 billion at the end of 2024. Despite these efforts, the persistent high levels of net debt indicate ongoing financial risk. The continued dependence on free cash flow to manage this debt may raise concerns about the company's financial flexibility and its ability to invest in growth opportunities amidst volatile market conditions.
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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