Canadian Natural Resources Upgraded to Outperform at Raymond James
8 maj, 14:34
08:34 AM EDT, 05/08/2026 (MT Newswires) -- Canadian Natural Resources (CNQ.TO, CNQ) was upgraded to Outperform from Market Perform at Raymond James.
Analyst Michael Barth raised his price target on shares of the Canadian oil and gas company to $67 from $65 following its quarterly results on Thursday.
"The stock is now nearly back to the levels we saw before the Iran conflict started,"Barth said in a note to clients.
"Over the same period, we've seen SCO premiums start to emerge, which is largely a CNQ-specific tailwind, and causes us to revise our FY26/27 AFFO estimates higher,"the analyst said.
"With higher estimates (and continued macro tightness), we have better visibility to CNQ achieving their long-term net debt target by the end of the year while simultaneously materially increasing shareholder returns."
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Canadian Natural Resources Upgraded to Outperform at Raymond James
8 maj, 14:34
08:34 AM EDT, 05/08/2026 (MT Newswires) -- Canadian Natural Resources (CNQ.TO, CNQ) was upgraded to Outperform from Market Perform at Raymond James.
Analyst Michael Barth raised his price target on shares of the Canadian oil and gas company to $67 from $65 following its quarterly results on Thursday.
"The stock is now nearly back to the levels we saw before the Iran conflict started,"Barth said in a note to clients.
"Over the same period, we've seen SCO premiums start to emerge, which is largely a CNQ-specific tailwind, and causes us to revise our FY26/27 AFFO estimates higher,"the analyst said.
"With higher estimates (and continued macro tightness), we have better visibility to CNQ achieving their long-term net debt target by the end of the year while simultaneously materially increasing shareholder returns."
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