Canadian Natural Resources (CNQ) Downgraded at Raymond James

Canadian Natural Resources Limited (NYSE:CNQ) is included among the 15 Best High Yield Energy Stocks to Buy Right Now.

Canadian Natural Resources (CNQ) Downgraded at Raymond James

Canadian Natural Resources Limited (NYSE:CNQ) is a senior crude oil and natural gas production company, with continuing operations in its core areas located in Western Canada, the UK portion of the North Sea, and offshore Africa.

On March 30, Raymond James analyst Michael Barth downgraded Canadian Natural Resources Limited (NYSE:CNQ) from ‘Outperform’ to ‘Market Perform’, but also raised the firm’s price target on the stock from C$55 to C$65. The bumped target still indicates a downside of almost 4% from the current levels.

Canadian Natural Resources Limited has posted YTD gains of over 43% on the Toronto Stock Exchange (TSX). The analyst believes that such a performance is ‘unusual’, since the Canadian energy company has the second ‘least torque’ to higher oil prices.

Canadian Natural Resources Limited (NYSE:CNQ) posted its Q4 2025 results in March. The company posted a record total quarterly production of approximately 1.66 million barrels of oil equivalent per day (boepd), while its total annual production for FY 2025 also jumped by 15% YoY to hit a record 1.57 million boepd. CNQ also raised its FY 2026 production forecast to 1.62 million-1.67 million boepd, from 1.59 million-1.65 million boepd previously.

While we acknowledge the risk and potential of CNQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CNQ and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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