Canadian Natural Resources (TSE:CNQ) Stock Rating Lowered by Evercore ISI

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) was downgraded by stock analysts at Evercore ISI from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

CNQ has been the topic of a number of other reports. Scotiabank raised their target price on shares of 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. TD Securities raised 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. National Bankshares lifted their price objective on shares of Canadian Natural Resources from C$45.00 to C$48.00 and gave the stock a “sector perform” rating in a report on Friday, November 7th. 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 research report on Thursday, November 20th. Finally, Wells Fargo & Company set a C$47.00 price target on Canadian Natural Resources and gave the company an “equal weight” rating in a research report on Friday, October 17th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$53.90.

Canadian Natural Resources Price Performance

TSE:CNQ opened at C$43.60 on Tuesday. Canadian Natural Resources has a 52-week low of C$34.92 and a 52-week high of C$49.20. The stock has a fifty day moving average of C$45.81 and a 200 day moving average of C$44.19. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84. The firm has a market capitalization of C$90.82 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 0.53 and a beta of 0.71.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly 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%. On average, research analysts expect that Canadian Natural Resources will post 3.833989 EPS for the current fiscal year.

Key Stories Impacting Canadian Natural Resources

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

• Positive Sentiment: Zacks Research raised several quarterly and full‑year EPS forecasts for CNQ (small bumps to Q1–Q4 2026, FY2026, Q1–Q4 2027 and FY2027), suggesting slightly stronger earnings visibility that can support the stock.
• Neutral Sentiment: Globe and Mail published a routine analyst-update roundup that consolidates recent broker notes on Canadian stocks; it provides context but no single, decisive catalyst for CNQ. Article Title
• Negative Sentiment: Evercore Partners downgraded CNQ from “outperform” to “in-line,” which can reduce buy-side conviction despite their C$50 price target (still implying upside). See coverage: BayStreet Coverage TickerReport
• Negative Sentiment: Sector news: U.S. actions in Venezuela are being viewed as a factor that could disrupt supply dynamics and pressure Canadian oil stocks, adding macro/regulatory risk to CNQ’s outlook. MSN Article
• Negative Sentiment: Technical risk: CNQ shares have crossed below their 200‑day moving average, a bearish technical signal that may trigger momentum selling. Technical Note

Canadian Natural Resources Company Profile

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.