Zacks upgrades Canadian Natural Resources stock to Strong Buy

Published on 10/09/2026 at 15:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit CAD 14.74 billion in the second quarter. Canadian Natural Resources stock costs EUR 43.98 on October 9, 2026 after EUR 43.75.

Key points in brief

Zacks Research upgraded Canadian Natural Resources from Hold to Strong Buy on October 7, 2026.
Second-quarter revenue reached CAD 14.74 billion, up 70.00 percent year over year.
The Lang & Schwarz price was EUR 43.98 on October 9, 2026, versus a EUR 43.75 prior close.
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 upgraded by Zacks Research from Hold to Strong Buy in a research report issued on October 7, 2026, according to MarketBeat. The rating change puts analyst opinion alongside a strong second-quarter operating result, while the euro quote was EUR 43.98 at Lang & Schwarz on October 9, 2026 at 3:35 p.m. CEST.

Three milestones shape the story

On August 7, 2026, Canadian Natural Resources reported second-quarter revenue of CAD 14.74 billion, up 70.00 percent from the second quarter of 2025, while net income reached CAD 4.50 billion, up 83.00 percent, according to Simply Wall St.

On August 7, 2026, the company also reported second-quarter production of 1,677,000 barrels of oil equivalent per day, an 18.00 percent year-over-year increase, and revised 2026 total production guidance to 1.637 million to 1.682 million barrels of oil equivalent per day, Simply Wall St reported.

The latest dated milestone came on October 7, 2026, when Zacks Research moved its rating from Hold to Strong Buy. MarketBeat said the broader consensus remained Moderate Buy with a USD 57.00 average target, based on 12 analysts.

What does the output guidance mean

The revised production range matters because it raises the operating base without changing the company profile as an oil and gas producer. The second-quarter revenue comparison of 70.00 percent and the 18.00 percent production increase show that the latest upgrade rests on measurable operating growth rather than rating momentum alone.

Next results date is November 5

Canadian Natural Resources is scheduled to report third-quarter 2026 results on November 5, 2026, according to Simply Wall St. That date provides the next test of whether the second-quarter production and revenue gains are carrying into the next reporting period.

CNQ stock holds above its prior close

Canadian Natural Resources stock was trading at EUR 43.98 at Lang & Schwarz on October 9, 2026 at 3:35 p.m. CEST, up 0.53 percent versus the EUR 43.75 prior close at Lang & Schwarz on October 8, 2026. The Toronto Stock Exchange listing is CNQ in CAD, while the reference quote for this article is the euro price from Lang & Schwarz. The further course of trading is shown by the continuously updated real-time quote of Canadian Natural Resources stock.