Analysts are Bullish on Canadian Natural Resources (CNQ) After Q2 Report

Canadian Natural Resources Limited (NYSE:CNQ) is one of the Most Undervalued International Stocks According to Analysts. Wall Street is bullish on the stock after the company released earnings for the fiscal second quarter of 2025. Analysts’ consensus price target of $37.79 implies an upside of 21% from current levels.

Recently, on August 8, Raymond James raised its price target on Canadian Natural Resources Limited (NYSE:CNQ) to C$54 from C$52 and kept an Outperform rating on the shares.

The company reported neutral results with revenue for the quarter reaching $6.33 billion, reflecting a 3% decrease year-over-year and below consensus by $98.58 million. However, the EPS of $0.52 exceeded expectations by $0.02. Management noted that they completed the planned turnaround at its Athabasca Oil Sands Project five days early and on budget.

Despite this maintenance downtime reducing production by about 120,000 barrels per day, total production was still high at around 1.42 million barrels of oil equivalent per day. The company plans to drill more wells than initially planned, benefiting from low operating costs that enhance returns.

Canadian Natural Resources Limited (NYSE:CNQ) is a major crude oil and natural gas producer. It operates in Western Canada, the North Sea, and Offshore Africa.

While we acknowledge the potential of CNQ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.