RBC lifts target for Canadian Natural Resources stock from CAD 79.00 to CAD 86.00
Published on 10/15/2026 at 11:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRBC target change and operating strength
- RBC lifted its target from CAD 79.00 to CAD 86.00 on October 13, 2026.
- Second-quarter 2026 revenue reached CAD 14.74 billion and net income was CAD 4.50 billion.
- Canadian Natural Resources stock traded at EUR 46.10 at 11:04 a.m. CEST at Lang & Schwarz on October 15, 2026.
Canadian Natural Resources (ISIN CA1363851017) stock was trading at EUR 46.10 at Lang & Schwarz on October 15, 2026 at 11:04 a.m. CEST. Royal Bank of Canada raised its price target from CAD 79.00 to CAD 86.00 on October 13, 2026, according to MarketBeat.
RBC raises the valuation bar
The RBC move gives Canadian Natural Resources a fresh analyst reference point after a powerful second-quarter operating performance. MarketBeat reported that the bank retained its Buy view while lifting the target by CAD 7.00, a 8.86 percent increase from the previous target.
The target revision also arrived alongside a wide range of market views. MarketBeat listed a consensus target of CAD 67.53 and a Moderate Buy consensus, while the company traded near a 52-week high of CAD 73.87 in the cited Canadian market context.
Three milestones shape the picture
Chronology: On August 6, 2026, Canadian Natural Resources reported second-quarter revenue of CAD 14.74 billion and net income of CAD 4.50 billion. On August 7, 2026, the company revised 2026 production guidance to 1.637 million to 1.682 million barrels of oil equivalent per day. On October 13, 2026, RBC raised its target from CAD 79.00 to CAD 86.00. The operating figures and guidance were reported by Simply Wall St.
What does the target mean?
The higher target reflects stronger cash generation, but the operating outlook remains tied to commodity prices. In the second quarter of 2026, adjusted net earnings reached CAD 4.57 billion and adjusted funds flow was CAD 6.87 billion, while production was 1.68 million barrels of oil equivalent per day, according to Yahoo Finance. The same report identified oil and gas prices, refining margins and natural gas prices as important variables for future earnings.
Next reporting date
Canadian Natural Resources is scheduled to report third-quarter 2026 results on November 5, 2026, according to Simply Wall St. That release will test whether the higher production profile can support the valuation case behind the latest target change.
Stock trades at Lang and Schwarz
Canadian Natural Resources stock was trading at EUR 46.10 at Lang & Schwarz on October 15, 2026 at 11:04 a.m. CEST. The quote reflects the German trading perspective, while the latest analyst target remains denominated in Canadian dollars.
The further course of trading is shown by the continuously updated real-time quote of Canadian Natural Resources stock.
Canadian Natural Resources stock facts
- Company: Canadian Natural Resources Limited
- ISIN: CA1363851017
- Ticker: CNQ
- Primary exchange: TSX
- Price Lang & Schwarz (as of October 15, 2026, 11:04 a.m. CEST): EUR 46.10
- Market capitalization: CAD 146.0 billion (as of October 14, 2026)
- 52-week range: CAD 41.67-CAD 74.27 (as of October 14, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
Market context: Market report S&P/TSX Composite.
