TSE:CNQ

Canadian Natural Rsrcs (CNQ.TO)

56.19
+0.13 (0.23%)
as of Jun 25, 2026, 8:00:00 pm Market Open.
1393 watching
0
Investor Insights
star iconJun 25, 2026, 12:00 am

This summary was created by AI, based on 93 opinions in the last 12 months.

Canadian Natural Resources (CNQ) has garnered mixed sentiments among analysts, with many highlighting its status as one of the best-managed companies in the energy sector. It is recognized for its strong cash flow generation capabilities and disciplined management approach, particularly in share buybacks and dividend increases, making it a staple among long-term investors. However, concerns about oil price fluctuations and their impact on growth and valuations have led to cautious observations about current entry points for new investors. While some experts see CNQ as a solid long-term hold with potential upside, others suggest caution due to recent price rises and the cyclical nature of the oil and gas market. Overall, the company benefits from its diverse asset base and low production costs, providing a buffer against volatility in energy markets.

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Consensus
Hold
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Valuation
Fair Value
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SU
BUY
Very well managed company, but valuation is higher than other opportunities. Currently expecting a 7x multiple on the stock price (65% upside). Thinks there are more opportunities with higher appreciation opportunities.
STRONG BUY
It's one of his biggest energy holdings. He started buying this last October and he continues to buy it. No one can predict the outcome of the Russia-Ukraine war. Has 11% free cash flow and pays a 3.8% dividend yield. A great hedge in this market.
BUY
Oil and gas are really good businesses. Cashflow used to pay down debt, increase dividends, and buy back shares. Though oil is volatile, price will stay elevated, producing tons of free cash. Energy security will become more important going forward, making Canadian oil more valuable.
TOP PICK
It is a great asset and very well managed. The near term price and crude prices will continue regardless of the Ukraine/Russian conflict. The balance sheet is solid and it is able to make acquisitions. It is shareholder friendly with buybacks and dividend increases. Long life asset with low decline rate. A blue chip stock. Buy 17, Hold 7, Sell 0.
BUY
Trading at 19% free cash flow yield. Excellent management team led by Murray Edwards. Not as much value for shareholders compared to other Canadian energy companies.
BUY
Raised dividend 22 years in a row, having its day in the sun. Great CEO and is the safest play in the oil patch. If oil prices stay here, could go higher.
BUY
Oil supply down with little capital investment the past 10 years. Creating good environment for energy prices. Largest energy company in Canada. Very disciplined capital management. Share price higher than it was in 2008. Would recommend buying.
BUY ON WEAKNESS
Commodities in general have been on fire. Oil is riding high. Be patient and wait for a pullback. Keep your eye on it.
HOLD
He loaded up on it at its lows. A great company, good addition to your Canadian portfolio. You want access to the commodity in an inflationary environment. Not terribly expensive. If you own it, sit on it, as energy looks tight for the next number of years.
BUY
There will be volatility, but energy is underowned. Great.
BUY ON WEAKNESS
Company has excellent management team (Murray Edwards). Believes company is very well run. 50% upside remains for stock at $80 oil. Not as undervalued as other energy stocks, but excellent company.
HOLD
Security of supply is still important, as we rely on oil for our daily lives. The industry is continuing to improve in terms of environmental impact. One of the best run with great free cashflow.
BUY
A very good quality company with excellent management, Consider the commodity sector a trade rather than an investment. Own for the cycle or 5 year horizon. Still some time left in the sector.
TOP PICK
A major with great price momentum and still cheap valuation. Like many of the energy companies, it is trading at 6x EBITDA. 13x earnings. Hitting a number of metrics. Their latest deal is accretive for them immediately. A safer way to play a continuation in the energy bull market. Relatively early days he thinks. (Analysts’ price target is $63.02)
BUY
Trading at 4.6x and 18% free cashflow yield. Even with it being up so much, could get a good dividend though they are deleveraging more. 10% free cashflow yield as a target. 33% upside at $70 and 65% upside at $80.
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