Recent Research Analysts’ Ratings Updates for Canadian Natural Resources (CNQ)

Canadian Natural Resources (TSE: CNQ) has recently received a number of price target changes and ratings updates:

• 3/16/2026 – Canadian Natural Resources had its price target raised by Jefferies Financial Group Inc. from C$48.00 to C$59.00.
• 3/9/2026 – Canadian Natural Resources had its price target raised by Desjardins from C$52.00 to C$56.00. They now have a “hold” rating on the stock.
• 3/6/2026 – Canadian Natural Resources had its price target raised by National Bank Financial from C$54.00 to C$59.00. They now have a “sector perform” rating on the stock.
• 3/6/2026 – Canadian Natural Resources had its price target raised by Scotiabank from C$58.00 to C$62.00. They now have an “outperform” rating on the stock.
• 3/6/2026 – Canadian Natural Resources had its price target raised by TD Securities from C$51.00 to C$64.00. They now have a “buy” rating on the stock.
• 3/6/2026 – Canadian Natural Resources had its price target raised by Royal Bank Of Canada from C$61.00 to C$65.00. They now have an “outperform” rating on the stock.
• 3/6/2026 – Canadian Natural Resources had its price target raised by Raymond James Financial, Inc. from C$53.00 to C$55.00. They now have an “outperform” rating on the stock.
• 3/6/2026 – Canadian Natural Resources had its price target raised by BMO Capital Markets from C$50.00 to C$70.00. They now have an “outperform” rating on the stock.
• 3/6/2026 – Canadian Natural Resources had its price target raised by ATB Cormark Capital Markets from C$56.00 to C$65.00. They now have an “outperform” rating on the stock.
• 3/5/2026 – Canadian Natural Resources was downgraded by ATB Cormark Capital Markets from “strong-buy” to “moderate buy”.
• 2/12/2026 – Canadian Natural Resources was downgraded by Gerdes Energy Research from “buy” to “neutral”.
• 2/3/2026 – Canadian Natural Resources had its price target raised by National Bank Financial from C$47.00 to C$54.00. They now have a “sector perform” rating on the stock.
• 1/23/2026 – Canadian Natural Resources had its price target lowered by Morgan Stanley from C$51.00 to C$50.00.

Insiders Place Their Bets

In other news, insider Kyle Grayson Pisio sold 7,456 shares of the firm’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of C$50.11, for a total value of C$373,620.16. Following the completion of the sale, the insider owned 26,089 shares of the company’s stock, valued at C$1,307,319.79. This trade represents a 22.23% decrease in their position. Also, insider Brenda Gayle Balog sold 2,252 shares of the stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of C$49.98, for a total value of C$112,554.96. Following the completion of the sale, the insider owned 47,965 shares of the company’s stock, valued at approximately C$2,397,290.70. This trade represents a 4.48% decrease in their ownership of the stock. In the last ninety days, insiders sold 51,775 shares of company stock valued at $2,571,074. 4.26% of the stock is currently owned by company insiders.

Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa. The company’s portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas. Production averaged 1.16 million barrels of oil equivalent per day in 2020, and the company estimates that it holds over 11.5 billion boe of proven and probable crude oil and natural gas reserves.