
CNQ Stock Forecast & Price Target
CNQ Analyst Ratings
Bulls say
Canadian Natural Resources Ltd has successfully increased gross production from its Athabasca Oil Sands Project (AOSP) by approximately 50,000 barrels per day while significantly lowering unit costs from around $38 per barrel to approximately $25 per barrel. The company demonstrates a strong commitment to continuous operational and financial improvement, which is expected to mitigate cost pressures and enhance margins across its diverse portfolio. This focus on efficiency and cost reduction is likely to contribute positively to the company's financial performance in the long term.
Bears say
Canadian Natural Resources Ltd (CNQ) is experiencing challenges related to its high net debt levels, which are projected to be approximately $18.69 billion by year-end 2024, despite ongoing efforts to reduce this debt through free cash flow generation. The company's target to decrease net debt to about $16.7 billion by year-end 2025 indicates a proactive approach; however, the current trajectory reflects considerable financial obligations that could constrain future growth and investment opportunities. This persistent high level of indebtedness amid fluctuating commodity prices may contribute to a negative financial outlook for CNQ.
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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