RBC raises target for Canadian Natural Resources stock to CAD 86.00

Published on 10/14/2026 at 12:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 70.00 percent to CAD 14.74 billion in the second quarter. Canadian Natural Resources stock costs EUR 46.69 on October 14, 2026.

Capital returns and reporting calendar

Royal Bank of Canada set its Canadian Natural Resources target at CAD 86.00 on October 13, 2026.
Second-quarter revenue reached CAD 14.74 billion, while net income reached CAD 4.50 billion.
Canadian Natural Resources stock trades at EUR 46.69 at 12:04 p.m. CEST at Lang & Schwarz on October 14, 2026.

CNQ, CA1363851017, Illustration mit AI erstellt.

Royal Bank of Canada raised its price target for Canadian Natural Resources to CAD 86.00 on October 13, 2026, according to Markets Insider. Canadian Natural Resources stock was trading at EUR 46.69 at Lang & Schwarz on October 14, 2026 at 12:04 p.m. CEST.

Three dated developments

On August 6, 2026, Canadian Natural Resources reported second-quarter revenue of CAD 14.74 billion and net income of CAD 4.50 billion, according to MarketBeat. The revenue figure was 70.00 percent above the comparable prior-year period in the reported second-quarter update.

On October 2, 2026, the company paid a quarterly dividend of CAD 0.625, while its investor-relations page also lists the 2026 second-quarter interim report, according to Canadian Natural Resources. On October 13, 2026, Royal Bank of Canada lifted the target from CAD 79.00 to CAD 86.00 in the analyst note summarized by MarketBeat.

What does the target change mean?

The CAD 7.00 increase places the new target 8.86 percent above the old target, a concrete sign that the analyst revision was upward rather than a rating-only change. The same report lists seven Buy ratings and six Hold ratings, giving the target revision a broader context within current coverage.

Canadian Natural Resources remains an integrated oil and gas producer with operations in Western Canada, the U.K. portion of the North Sea and Offshore Africa, according to Canadian Natural Resources. Its second-quarter revenue of CAD 14.74 billion and net income of CAD 4.50 billion give the target revision an operating backdrop based on reported earnings rather than a standalone valuation change.

Next reporting date

Canadian Natural Resources is scheduled to report third-quarter 2026 results on November 5, 2026, according to Simply Wall St. The upcoming report will provide the next dated test of production, revenue and cash generation after the second-quarter figures.

Price and home listing

Canadian Natural Resources was trading at EUR 46.69 at Lang & Schwarz on October 14, 2026 at 12:04 p.m. CEST. The company trades on the Toronto Stock Exchange under ticker CNQ, according to Global Banking and Finance. The further course of trading is shown by the continuously updated real-time quote of Canadian Natural Resources stock.