Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Canadian Natural ( (TSE:CNQ) ) has issued an announcement.
Canadian Natural Resources Limited announced its 2026 budget, emphasizing a disciplined operating capital budget of approximately $6.3 billion aimed at delivering value growth and strong returns on capital. The company targets a production growth of about 3% over 2025 levels, with an annual average production between 1,590 MBOE/d and 1,650 MBOE/d. The budget includes investments in short and medium-term production growth, as well as front-end engineering for long-term value opportunities. The company also plans to allocate capital towards carbon capture projects and maintain a flexible drilling program to adapt to market conditions. This strategic approach is expected to generate significant free cash flow, which will be used for dividends, share repurchases, and debt reduction, enhancing shareholder value.
The most recent analyst rating on (TSE:CNQ) stock is a Buy with a C$54.00 price target. To see the full list of analyst forecasts on Canadian Natural stock, see the TSE:CNQ Stock Forecast page.
Spark’s Take on TSE:CNQ Stock
According to Spark, TipRanks’ AI Analyst, TSE:CNQ is a Outperform.
Canadian Natural’s strong financial performance and positive earnings call sentiment are the most significant factors driving the score. The company’s robust operational efficiency, strategic acquisitions, and consistent dividend growth further enhance its attractiveness. Technical indicators support a bullish outlook, while valuation metrics suggest the stock is reasonably priced.
To see Spark’s full report on TSE:CNQ stock, click here.
More about Canadian Natural
Canadian Natural Resources Limited operates in the oil and natural gas industry, focusing on a diverse portfolio of high-quality assets. The company is known for its low-cost, long-life, low-decline asset base, which allows it to maintain a strong balance sheet and provide sustainable returns to shareholders. Its production mix includes light crude oil, NGLs, synthetic crude oil, heavy crude oil, and natural gas.
Average Trading Volume: 17,636,878
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$94.66B
For a thorough assessment of CNQ stock, go to TipRanks’ Stock Analysis page.