CNQ · NYSE · STOCK
Canadian Natural Resources (CNQ) Stock Analysis
$52.12
52W $29.68 – $52.31
63/100
$105.33B
12.5
0.94
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is CNQ Bullish or Bearish?
Bullish.
Innellis AI committee rates Canadian Natural Resources Limited (CNQ) Buy with a composite score of 63/100
, based on 6 analysts with 83% agreement.
Last updated October 14, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +12.27 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -7.73 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Growth Analyst sees a compelling case — eps growing 42.9% yoy. Risk Analyst remains cautious — current ratio of 0.95 is tight -- limited short-term liquidity cushion. This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- P/E of 13.0 is inexpensive for the broad market — Value
- ROE of 26.7% shows genuine earnings power backing the valuation — Value
- Dividend yield of 4.5% pays you to wait — Value
- EPS growing 42.9% YoY — Growth
- 3 consecutive earnings beats -- consistent execution — Growth
- Quarter-over-quarter growth rate is ACCELERATING, not just positive — Growth
Bear Case
- RSI at 79 is in overbought territory — Technical
- Price trading above the upper Bollinger Band -- stretched — Technical
- Current ratio of 0.95 is tight -- limited short-term liquidity cushion — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 14, 2026
Overall Committee Score
63/100
Agreement
83%
Analysts
6
Conviction
Contested
Sector Rank
Top 23%
of 93 Energy peers
Value Analyst
bullish
70
/ 100 · High confidence
Classic value case: cheap on multiples with earnings power to back it up
+ P/E of 13.0 is inexpensive for the broad market
Growth Analyst
bullish
79
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ EPS growing 42.9% YoY
Technical Analyst
bullish
61
/ 100 · High confidence
Price action is constructive -- trend and momentum agree
+ Price structure making higher highs and higher lows
− RSI at 79 is in overbought territory
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Current ratio of 0.95 is tight -- limited short-term liquidity cushion
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
66
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.27 across 11 articles, 14d)
Portfolio Manager
bearish
35
/ 100 · Low confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− 2 existing position pair(s) are highly correlated already
Investment Thesis Evolution
Committee score moved marginally from 64.6 to 62.7.
- New bearish signals: 2 appeared.
- Bullish support removed: 3 signal(s) disappeared.
- New bullish signals: 3 appeared.
- Bearish pressure eased: 2 signal(s) disappeared.
Analyst-level changes:
- Macro Analyst: score 80->65 (-15).
- News Analyst: score 63->66 (+4); +1 bullish signal(s).
- Portfolio Manager: score 30->35 (+5).
- Technical Analyst: +2 bearish signal(s); +1 bullish signal(s).
- Value Analyst: +1 bullish signal(s).
Comparing 2026-10-13 to 2026-10-14 (1 day apart).
Technical Analysis
RSI (14)
74.4
Overbought
MACD Histogram
0.455
Bullish Momentum
Trend Direction
Uptrend
Weekly: Uptrend
Market Structure
Hh Hl
Support
$42.12
Resistance
$52.24
Bollinger %B
1.01
Above Upper Band
Price vs Moving Averages
EMA 9
$50.00
Above
EMA 21
$49.33
Above
EMA 50
$48.60
Above
EMA 200
$44.37
Above
Fundamental Analysis
Valuation
92
Growth
92
Profitability
84
Financial Health
58
Cash Flow
70
Valuation
P/E Ratio
12.5×
P/B Ratio
3.14×
PEG Ratio
0.29
Dividend Yield
3.48%
52W High
$52.31
52W Low
$29.68
Quality & Growth
ROE
2440.8%
ROA
1179.2%
Gross Margin
3504.4%
Operating Margin
3225.1%
Revenue Growth YoY
—
Debt / Equity
0.37
AI Fundamental Assessment
P/E ratio of 12.5 (inexpensive relative to a 15-40x range); Price-to-book of 3.1x; PEG ratio of 0.3 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 24.4%; Return on assets of 11.8%; Net margin of 24.9%; Gross margin of 35.0%; Current ratio of 1.00 (tight short-term liquidity); Debt-to-equity of 0.37; Free cash flow per share is positive (4.69); Most recent quarter beat estimates by 14.0%; 3 consecutive earnings beats; EPS growth accelerating (+42.7% -> +87.2% QoQ); Analyst estimates rising over recent quarters
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