Analysts
Scores, price targets and rating changes published by the firms we track. Informational, not advice.
Rating scores
Each factor is scored 1 (weak) to 5 (strong).
- Overall4
- DCF3
- Return on equity5
- Return on assets5
- Debt / equity3
- P/E3
- P/B2
Average price target
Mean of the targets analysts published in each window.
Price target is not available for CNQ.TO.
Recent rating changes
The latest 40 changes by research firm, newest first.
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 12, 2026 | Goldman Sachs | maintain | Buy | Buy |
| Mar 6, 2026 | RBC Capital | maintain | Outperform | Outperform |
| Jan 2, 2026 | Goldman Sachs | maintain | Buy | Buy |
| Sep 24, 2025 | RBC Capital | maintain | Outperform | Outperform |
| Aug 8, 2025 | RBC Capital | maintain | Outperform | Outperform |
| Mar 27, 2025 | RBC Capital | maintain | Outperform | Outperform |
| Mar 7, 2025 | RBC Capital | maintain | Outperform | Outperform |
| Feb 18, 2025 | RBC Capital | maintain | Outperform | Outperform |
| Jun 11, 2024 | Scotiabank | maintain | Sector Perform | Sector Perform |
| Jan 11, 2024 | JP Morgan | maintain | Neutral | Neutral |
| Aug 29, 2023 | CIBC | maintain | Outperform | Outperform |
| Aug 28, 2023 | Jefferies | maintain | Hold | Hold |
| Aug 4, 2023 | Wells Fargo | maintain | Equal Weight | Equal Weight |
| Jun 29, 2023 | National Bank Financial Inc | maintain | Outperform | Outperform |
| Nov 21, 2022 | Goldman Sachs | upgrade | Neutral | Buy |
| Jul 19, 2022 | B of A Securities | upgrade | Neutral | Buy |
| May 20, 2022 | Goldman Sachs | maintain | Neutral | Neutral |
| Jun 11, 2021 | Goldman Sachs | upgrade | Neutral | Buy |
| May 14, 2020 | Goldman Sachs | upgrade | Neutral | Buy |
| May 8, 2020 | RBC Capital | maintain | Outperform | Outperform |
| Dec 11, 2019 | Tudor Pickering | upgrade | Hold | Buy |
| Oct 8, 2019 | Tudor Pickering | downgrade | Buy | Hold |
| Oct 2, 2019 | National Bank Financial Inc | downgrade | Outperform | Sector Perform |
| Oct 2, 2019 | National Bank Financial | downgrade | Outperform | Sector Perform |
| Sep 6, 2019 | Wells Fargo | downgrade | Market Perform | Underperform |
| Apr 3, 2019 | Evercore ISI Group | upgrade | In Line | Outperform |
| Mar 12, 2019 | Mizuho | maintain | Buy | Buy |
| Jan 28, 2019 | Credit Suisse | maintain | Outperform | Outperform |
| Dec 7, 2018 | Citigroup | maintain | Neutral | Neutral |
| Nov 20, 2018 | Morgan Stanley | maintain | Overweight | Overweight |
| Oct 12, 2018 | Morgan Stanley | maintain | Overweight | Overweight |
| Oct 5, 2018 | CIBC | maintain | Outperform | Outperform |
| Sep 20, 2018 | RBC Capital | downgrade | Top Pick | Outperform |
| May 23, 2018 | Morgan Stanley | maintain | Overweight | Overweight |
| Apr 16, 2018 | Morgan Stanley | maintain | Overweight | Overweight |
| Mar 7, 2018 | UBS | maintain | Buy | Buy |
| Feb 7, 2018 | Wells Fargo | downgrade | Outperform | Market Perform |
| Jan 24, 2018 | Morgan Stanley | maintain | Overweight | Overweight |
| Oct 13, 2017 | Morgan Stanley | maintain | Overweight | Overweight |
| Jul 21, 2017 | Citigroup | downgrade | Buy | Neutral |