CIBC raises target for Canadian Natural Resources stock to CAD 75.00
Published on 10/06/2026 at 17:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Canadian Natural Resources stock (ISIN CA1363851017) is at the center of updated analyst targets after CIBC raised its price target from CAD 70.00 to CAD 75.00 while keeping an Outperform rating, as Investing.com reported on October 1, 2026. Raymond James also lifted its target from CAD 66.00 to CAD 70.00, according to Investing.com.
Analysts raise their targets
The target revisions followed Canadian Natural Resources' second-quarter 2026 operating update. CIBC's new CAD 75.00 target is CAD 5.00 above its previous level, while Raymond James moved its target CAD 4.00 higher.
The two revisions point to a common interpretation of the latest results: stronger production and cash generation have improved the analysts' earnings assumptions. Jefferies supplied a counterpoint on October 5, 2026, maintaining a Hold rating while cutting its target from USD 49.12 to USD 49.07, according to Moomoo.
Second-quarter figures reset the baseline
Canadian Natural Resources generated CAD 14.74 billion of revenue in the second quarter of 2026, compared with CAD 10.81 billion in the first quarter of 2026, according to the structured financial statements. The company also reported CAD 4.50 billion of consolidated net income and diluted earnings per share of CAD 2.15 for the second quarter.
The operational comparison was equally notable. Production reached 1.677 million barrels of oil equivalent per day in the second quarter of 2026, up 18.00 percent from the year-earlier period, while adjusted net earnings reached CAD 4.57 billion, about 9.00 percent above analyst expectations, as Simply Wall St reported. Those figures give the revised analyst targets a current operating anchor rather than relying solely on commodity-price assumptions.
Next results date and market context
The company has also declared a quarterly dividend of CAD 0.625 per share, with payment dated October 2, 2026, according to Canadian Natural Resources. Its next earnings date is November 5, 2026, according to Simply Wall St.
For market context, the finance quote on October 6, 2026 showed a USD 100.4 billion market capitalization and a 52-week range of USD 29.68 to USD 52.31 for the NYSE listing. A separate master-data page identifies the Toronto Stock Exchange listing as CNQ under ISIN CA1363851017, while the US listing also trades under CNQ.
Tradegate quote remains dated
The latest dated euro quote in the research was EUR 42.55 at Tradegate on September 24, 2026 at 3:56 p.m. CEST. The reference price is a substitute price because Lang & Schwarz did not supply a quote for this article. Price source: substitute price Tradegate, Lang & Schwarz without data set.
Canadian Natural Resources stock facts
- Company: Canadian Natural Resources Limited
- ISIN: CA1363851017
- Ticker: CNQ
- Price substitute Tradegate as of September 24, 2026, 3:56 p.m. CEST: EUR 42.55
- Market capitalization: USD 100.4 billion (as of October 6, 2026)
- 52-week range: USD 29.68-52.31 (as of October 6, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Next earnings date: November 5, 2026
