UBS sets CAD 79.00 target for Canadian Natural Resources stock

Published on 10/12/2026 at 12:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS set a CAD 79.00 target on October 9, 2026. Canadian Natural Resources stock was EUR 44.52 on October 12, 2026.

Key points in brief

UBS assigned a Buy rating and a CAD 79.00 price target to Canadian Natural Resources on October 9, 2026.
Canadian Natural Resources was trading at EUR 44.52 at Lang & Schwarz on October 12, 2026 at 11:59 a.m. CEST.
The company reported second-quarter revenue of USD 14.74 billion and earnings per share of USD 1.58, according to MarketBeat.
Canadian Natural Resources 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 44.52 at Lang & Schwarz on October 12, 2026 at 11:59 a.m. CEST. UBS assigned a Buy rating and a CAD 79.00 price target on October 9, 2026, according to Markets Insider.

UBS raises the valuation bar

The UBS target gives the latest analyst view a concrete reference point, while the euro quotation provides the German-market perspective. Canadian Natural Resources operates across crude oil, natural gas and natural gas liquids in Western Canada, the U.K. North Sea and Offshore Africa, as described by Canadian Natural Resources.

On October 7, 2026, Zacks Research upgraded the company from Hold to Strong Buy and cited a USD 57.00 consensus target, according to MarketBeat.

What does the latest quarter show?

MarketBeat reported that Canadian Natural Resources posted USD 14.74 billion in revenue and USD 1.58 in earnings per share for the quarter released on August 6, 2026. Earnings per share exceeded the USD 1.43 consensus estimate by USD 0.15, giving the analyst upgrades a reported operating reference rather than a purely valuation-based argument.

Three dated signals for CNQ

On August 6, 2026, the company reported quarterly revenue of USD 14.74 billion and earnings per share of USD 1.58, according to MarketBeat. On October 7, 2026, Zacks Research raised its rating to Strong Buy and cited a USD 57.00 target. On October 9, 2026, UBS set its CAD 79.00 target and Buy rating, according to Markets Insider.

Upcoming reporting date

Canadian Natural Resources is scheduled to report third-quarter 2026 results on November 5, 2026, according to Simply Wall St. That date gives the market a scheduled checkpoint after the recent rating changes and before any new quarterly operating figures are available.

CNQ keeps a broad market footprint

Canadian Natural Resources had a USD 103.6 billion market capitalization, a USD 29.68 to USD 52.31 52-week range and 3,693,265 shares of volume in the latest finance snapshot dated October 9, 2026. Its primary listing is the Toronto Stock Exchange under ticker CNQ.TO, with the company classified in the Energy sector.

At Lang & Schwarz, Canadian Natural Resources was trading at EUR 44.52 on October 12, 2026 at 11:59 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Canadian Natural Resources stock.