National Bank raises target for Canadian Natural Resources stock to CAD 86

Published on 10/22/2026 at 10:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Canoe lifted its stake 7.10 percent on October 22, 2026. Canadian Natural Resources stock costs EUR 48.58 and Q2 revenue was CAD 14.74 billion.

Analyst target and results date

National Bank Financial lifted its target from CAD 84.00 to CAD 86.00 on October 20, 2026.
Second-quarter revenue reached CAD 14.74 billion for the period ended June 30, 2026.
Canadian Natural Resources stock trades at EUR 48.58 at 10:43 a.m. CEST at Lang & Schwarz on October 22, 2026.
Third-quarter results are scheduled for November 5, 2026.

CNQ, CA1363851017, Illustration mit AI erstellt.

Canadian Natural Resources Limited (CA1363851017) is at EUR 48.58 at Lang & Schwarz on October 22, 2026 at 10:43 a.m. CEST. National Bank Financial raised its price target from CAD 84.00 to CAD 86.00 on October 20, 2026, according to MarketBeat. The brokerage kept a sector perform rating.

Separately, Canoe Financial increased its CNQ holding by 7.10 percent in the third quarter, owning 2,609,343 shares after buying 171,998 additional shares, MarketBeat reported on October 22, 2026.

Three dated signals for CNQ

On August 6, 2026, Canadian Natural Resources reported second-quarter results for the period ended June 30, 2026. Revenue reached CAD 14.74 billion and quarterly earnings per share were CAD 2.19, according to MarketScreener. On October 13, 2026, RBC raised its target from CAD 79.00 to CAD 86.00 while keeping an outperform rating, the same company-events page reported.

On October 20, 2026, National Bank Financial moved its target from CAD 84.00 to CAD 86.00. On October 22, 2026, Canoe Financial disclosed a 7.10 percent increase in its third-quarter holding, giving the current sequence a portfolio-allocation angle.

What does the target change mean?

The CAD 86.00 National Bank target is higher than its previous CAD 84.00 level, but the sector perform rating keeps the note measured. The company produced CAD 14.74 billion of second-quarter revenue, while its asset base spans Western Canada, the U.K. portion of the North Sea and Offshore Africa, according to Canadian Natural Resources.

Next reported date

The next dated company event is the third-quarter 2026 earnings release on November 5, 2026, as listed by MarketScreener. That report will provide the next periodized test of production, revenue and earnings.

CNQ stock price in Germany

Canadian Natural Resources is listed on the NYSE under CNQ, with the primary-market quote at USD 54.24 on October 21, 2026 at 4:00 p.m. ET. Its market capitalization was USD 111.8 billion on that date, while the company remains an energy producer with oil, natural gas and natural gas liquids operations.

Canadian Natural Resources stock was trading at EUR 48.58 at Lang & Schwarz on October 22, 2026 at 10:43 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Canadian Natural Resources stock.