Wall Street Bullish on Canadian Natural Resources (CNQ), Here’s Why?

Group 1 - Canadian Natural Resources Limited (NYSE:CNQ) reported a revenue of $6.33 billion for its fiscal second quarter of 2025, a decrease of 3% year-over-year, missing expectations by $98.58 million, while the EPS of $0.52 exceeded consensus by $0.02 [1] - The company completed the planned turnaround at its Athabasca Oil Sands Project five days early and on budget, resulting in a quarterly production reduction of about 120,000 barrels per day, but overall production volumes reached approximately 1,420 MBOE/d, an increase of around 135,000 BOE/d from the prior year [2] - Analysts have shown a bullish sentiment towards CNQ, with RBC Capital maintaining a Buy rating but lowering the price target from C$64 to C$62, while Raymond James raised the price target from C$41.82 to C$54, also reiterating a Buy rating [3] Group 2 - Canadian Natural Resources Limited operates primarily in Western Canada, the UK North Sea, and Offshore Africa, positioning itself as a significant player in the oil and natural gas sector [4]