Canadian Natural Resources (TSE:CNQ) Cut to “In-Line” at Evercore Partners

Evercore Partners cut shares of Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) from an outperform rating to an in-line rating in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have C$50.00 target price on the stock.

A number of other brokerages have also recently commented on CNQ. Scotiabank upped their price target on Canadian Natural Resources from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. Raymond James Financial upped their target price on shares of Canadian Natural Resources from C$55.00 to C$56.00 in a research note on Monday, November 10th. Royal Bank Of Canada set a C$62.00 target price on shares of Canadian Natural Resources and gave the stock an “outperform” rating in a report on Thursday, November 20th. Desjardins set a C$52.00 price target on shares of Canadian Natural Resources and gave the company a “hold” rating in a report on Wednesday, December 17th. Finally, TD Securities upped their price objective on shares of Canadian Natural Resources from C$53.00 to C$54.00 in a research report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of C$53.90.

Canadian Natural Resources Stock Performance

CNQ stock opened at C$43.71 on Tuesday. Canadian Natural Resources has a twelve month low of C$34.92 and a twelve month high of C$49.20. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. The company has a market cap of C$91.05 billion, a P/E ratio of 13.79, a price-to-earnings-growth ratio of 0.53 and a beta of 0.71. The business’s fifty day moving average is C$45.74 and its 200-day moving average is C$44.18.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.86 EPS for the quarter. Canadian Natural Resources had a return on equity of 19.14% and a net margin of 21.25%.The business had revenue of C$9.52 billion during the quarter. Equities research analysts forecast that Canadian Natural Resources will post 3.833989 EPS for the current year.

Key Canadian Natural Resources News

Here are the key news stories impacting Canadian Natural Resources this week:

• Positive Sentiment: Zacks Research raised near‑term and medium‑term EPS forecasts (multiple Q1–Q4 2026 quarter upgrades, FY2026 and FY2027 lifts), implying slightly stronger earnings momentum than previously expected — a supportive factor for the share price.
• Neutral Sentiment: A valuation review looks at CNQ after a Venezuela-related shock and the recent share price decline; that piece provides context on how the company’s valuation metrics respond to geopolitical and commodity-related events rather than new company-specific catalysts. A Look At Canadian Natural Resources (TSX:CNQ) Valuation After Venezuela Shock And Recent Share Price Decline
• Negative Sentiment: Evercore lowered its rating on CNQ (from strong‑buy to in‑line/hold in separate notes), removing premium analyst support and increasing selling pressure from momentum and model‑driven funds. Canadian Natural Resources (TSE:CNQ) Rating Lowered to “In-Line” at Evercore Partners
• Negative Sentiment: An analyst cut CNQ’s price target to $35, signaling lower medium‑term upside and likely contributing to renewed caution among investors. Analyst lowers price target on Canadian Natural Resources (CNQ) to $35
• Negative Sentiment: Broader commodity pressure: Canadian crude prices plunged, extending weakness across Canadian oil stocks and weighing on CNQ’s sector peers and sentiment. This macro/commodity move is likely a primary driver of recent analyst re‑ratings and price target reductions. Canadian crude price plunges, extending slide in Canadian oil stocks

About Canadian Natural Resources

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.