Canadian Natural Resources (TSE:CNQ) Cut to Hold at Evercore ISI

Evercore ISI cut shares of Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) from a strong-buy rating to a hold rating in a report issued on Tuesday,Zacks.com reports.

CNQ has been the topic of a number of other reports. Evercore Partners downgraded shares of Canadian Natural Resources from an “outperform” rating to an “in-line” rating and set a C$50.00 price target on the stock. in a research note on Tuesday. Wells Fargo & Company set a C$47.00 price target on shares of Canadian Natural Resources and gave the stock an “equal weight” rating in a report on Friday, October 17th. Raymond James Financial increased their price target on Canadian Natural Resources from C$55.00 to C$56.00 in a research note on Monday, November 10th. National Bankshares boosted their price objective on Canadian Natural Resources from C$45.00 to C$48.00 and gave the stock a “sector perform” rating in a research report on Friday, November 7th. Finally, Scotiabank increased their target price on Canadian Natural Resources from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$53.90.

Canadian Natural Resources Stock Up 3.1%

Shares of CNQ opened at C$43.71 on Tuesday. The firm has a 50 day simple moving average of C$45.74 and a two-hundred day simple moving average of C$44.18. The company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54. Canadian Natural Resources has a one year low of C$34.92 and a one year high of C$49.20. The company has a market cap of C$91.05 billion, a P/E ratio of 13.79, a P/E/G ratio of 0.53 and a beta of 0.71.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its earnings results on Thursday, November 6th. The company reported C$0.86 earnings per share for the quarter. The firm had revenue of C$9.52 billion for the quarter. Canadian Natural Resources had a return on equity of 19.14% and a net margin of 21.25%. Research analysts forecast that Canadian Natural Resources will post 3.833989 EPS for the current fiscal year.

Trending Headlines about Canadian Natural Resources

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.