ATB Cormark raises target for Canadian Natural Resources stock to CAD 85.00
Published on 10/27/2026 at 10:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and quarterly figures
- ATB Cormark set a CAD 85.00 target on October 22, 2026.
- Second-quarter revenue reached CAD 14.74 billion, while adjusted earnings per share were CAD 2.19.
- Canadian Natural Resources stock was trading at EUR 49.60 at 10:42 a.m. CEST at Lang & Schwarz on October 27, 2026.
- Third-quarter results are scheduled for November 5, 2026.
Canadian Natural Resources (ISIN CA1363851017) was trading at EUR 49.60 at Lang & Schwarz on October 27, 2026, while ATB Cormark had raised its target to CAD 85.00 from CAD 70.00 on October 22, 2026. The brokerage maintained an outperform rating, according to MarketBeat.
Target rises as results approach
The target move gives Canadian Natural Resources a clear reference point before its next quarterly report. MarketBeat said ATB Cormark kept the outperform view while lifting the target by CAD 15.00, a 21.43 percent increase from CAD 70.00.
The latest operating figures provide the counterweight to the valuation discussion. For the second quarter of 2026, revenue reached CAD 14.74 billion, compared with CAD 8.70 billion in the second quarter of 2025, while adjusted earnings per share reached CAD 2.19, according to Simply Wall St.
What changed over three events?
On August 6, 2026, Canadian Natural Resources reported second-quarter revenue of CAD 14.74 billion and adjusted earnings per share of CAD 2.19, according to Simply Wall St. On August 7, 2026, the company revised 2026 production guidance to 1,637,000 to 1,682,000 barrels of oil equivalent per day. On October 22, 2026, ATB Cormark raised its target from CAD 70.00 to CAD 85.00, as reported by MarketBeat.
Which dates matter next?
The next substantiated reporting date is November 5, 2026, when Canadian Natural Resources is scheduled to release third-quarter results, according to Simply Wall St. The release will test whether the second-quarter revenue and earnings strength carried into the next reporting period.
Price and operating scale
Canadian Natural Resources describes a long-life oil and natural gas portfolio spanning Western Canada, the United Kingdom sector of the North Sea and Offshore Africa. Its investor materials emphasize free cash flow across commodity cycles, making production guidance and capital returns central measures for the stock.
Canadian Natural Resources was trading at EUR 49.60 at Lang & Schwarz on October 27, 2026 at 10:42 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Canadian Natural Resources stock.
Canadian Natural Resources stock key data
- Company: Canadian Natural Resources Limited
- ISIN: CA1363851017
- Ticker: CNQ
- Price Lang & Schwarz (as of October 27, 2026, 10:42 a.m. CEST): EUR 49.60
- Market capitalization: CAD 159.0 billion (as of October 27, 2026)
- 52-week range: CAD 41.68-77.70 (as of October 27, 2026)
- Sector / Industry: Energy / Oil and gas
- Next earnings date: November 5, 2026
Market context: Market report S&P/TSX Composite.
