10 Most Undervalued International Stocks According to Analysts

5. Canadian Natural Resources Limited (NYSE:CNQ)

Forward P/E Ratio: 12.27

Analyst Upside Potential: 27.52%

Number of Hedge Fund Holders: 44

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.