CIBC raised target for Canadian Natural Resources stock to CAD 80.00

Published on 10/13/2026 at 11:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached CAD 14.74 billion, while net income hit CAD 4.50 billion. CNQ stock costs EUR 45.01 on October 13, 2026.

Key points in brief

CIBC raised its Canadian Natural Resources price target from CAD 75.00 to CAD 80.00 on October 9, 2026.
Second-quarter 2026 revenue reached CAD 14.74 billion and net income was CAD 4.50 billion.
Canadian Natural Resources stock was trading at EUR 45.01 at Lang & Schwarz on October 13, 2026.
The company is scheduled to report third-quarter 2026 results on November 5, 2026.

CNQ, CA1363851017, Illustration mit AI erstellt.

Canadian Natural Resources (ISIN CA1363851017) was trading at EUR 45.01 at Lang & Schwarz on October 13, 2026 at 11:31 a.m. CEST. CIBC had raised its price target for the company from CAD 75.00 to CAD 80.00 on October 9, 2026, while keeping an Outperformer rating, according to Markets Insider.

Three recent figures shape CNQ

On August 6, 2026, Canadian Natural Resources reported second-quarter revenue of CAD 14.74 billion and net income of CAD 4.50 billion. The figures represent a substantial year-over-year increase from the second quarter of 2025, when revenue was CAD 9.68 billion and net income was CAD 2.46 billion, according to Markets Insider.

On October 9, 2026, UBS initiated a Buy rating and set a CAD 79.00 price target. That target was reported alongside an average analyst target of CAD 73.98, giving investors a clear contrast between the latest bullish call and the broader consensus, according to Markets Insider.

What comes next for production?

Canadian Natural Resources operates oil and gas assets in Western Canada, the U.K. portion of the North Sea and Offshore Africa. Its latest investor-relations material identifies the company as a senior crude oil and natural gas producer and lists the second-quarter results among its latest reports, according to Canadian Natural Resources.

The price-target revisions put capital returns and production execution at the center of the current valuation debate. CIBC's CAD 80.00 target is CAD 5.00 above its earlier target, while UBS set a separate CAD 79.00 target on the same date. Those figures point to a positive analyst tone, but they are targets in Canadian dollars and do not replace the euro market quote.

November results set the next test

Canadian Natural Resources is scheduled to report third-quarter 2026 results on November 5, 2026, according to its investor-relations information. The upcoming report will provide the next quantified check on revenue, profitability and operating execution after the second quarter's CAD 14.74 billion revenue and CAD 4.50 billion net income.

The current Lang & Schwarz quote places the stock at EUR 45.01 on October 13, 2026 at 11:31 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Canadian Natural Resources stock.