5 Most Profitable Canadian Stocks to Buy Now

3. Canadian Natural Resources Limited (NYSE:CNQ)

Scotiabank increased its price target for Canadian Natural Resources Limited (NYSE:CNQ) to CAD$62 from CAD$58, while retaining a Sector Outperform rating on the company’s shares. The firm noted solid results from the company’s mining and upgrading operations in Q4 2025, which resulted in the company producing 7% cash flow per share and beating production by 1%.

Moreover, the company recorded adjusted net earnings of CAD$7.4 billion for the fiscal year 2025, highlighting the efficiency of its integrated activities. This performance was aided by a considerable drop in net debt, which fell by CAD$2.7 billion to CAD$16 billion by the year’s end.

Looking ahead, Canadian Natural Resources Limited (NYSE:CNQ) has forecasted continuous growth in 2026. The company intends to sustain its production pace with an adjusted production range of 1,615,000 to 1,665,000 BOEs per day. In addition, Canadian Natural has restructured its capital program to focus on high-return projects, with a capital budget of CAD$6 billion for 2026.

Canadian Natural Resources Limited (NYSE:CNQ) is a Canadian energy company focused on the exploration, development, and production of crude oil, natural gas, and natural gas liquids.