CNQ Should I Buy
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Canadian Natural Resources Ltd (CNQ) is not a strong buy for a beginner investor with a long-term strategy at this time. Despite a bullish technical setup, the company's financial performance has weakened significantly, and analysts have lowered price targets with neutral or downgraded ratings. Additionally, hedge funds are selling, and no significant positive catalysts are present. The stock may be better suited for a more experienced investor willing to navigate short-term volatility.
The technical indicators show a bullish trend with MACD above 0, RSI at 84.771 (overbought), and bullish moving averages (SMA_5 > SMA_20 > SMA_200). However, the stock is near resistance levels (R2: 43.84), suggesting limited immediate upside potential.
The stock has a 70% chance of gaining 1.73% in the next week, and technical indicators are currently bullish.
Hedge funds are selling heavily, with a 9618.75% increase in selling activity last quarter. Analysts have lowered price targets and expressed concerns about higher capital spending and constrained shareholder returns. Financial performance has deteriorated significantly, with a 73.52% YoY drop in net income and a 72.64% YoY drop in EPS.
In Q3 2025, revenue increased by 7.01% YoY to $9.52B. However, net income dropped 73.52% YoY to $600M, EPS fell 72.64% YoY to $0.29, and gross margin declined 17.42% YoY to 27.87%.
Analysts have a neutral to bearish outlook. Morgan Stanley, JPMorgan, and Evercore ISI have lowered price targets and ratings, citing risks from higher capital spending, constrained shareholder returns, and challenging macro conditions. Goldman Sachs maintains a Buy rating but lowered the price target to $35.
