Supply chain optimization and improved drilling efficiencies are integral to recent CNQ stock price forecast upgrades, as these operational gains directly improve margins and shareholder returns. In the second quarter, Canadian Natural Resources (NYSE:CNQ) stock was held by 46 hedge funds with stakes worth $3.77 billion. Fisher Asset Management is the largest shareholder in the company with a stake worth $1.49 billion as of June 30. Industry analysts have a consensus on the stock’s Buy rating, setting an average share price target at $11, which represents a 48% upside potential from its current level. Canadian Natural Resources is one of the largest oil and natural gas producers in western Canada, supplemented by operations in the North Sea and Offshore Africa. The company's portfolio includes light and medium oil, heavy oil, bitumen, synthetic oil, natural gas liquids, and natural gas. Production averaged 1.16 million barrels of oil equivalent per day in 2020, and the company estimates that it holds over 11.5 billion boe of proven and probable crude oil and natural gas reserves. See Also Five stocks we like better than Canadian Natural Resources How to buy stock: A step-by-step guide for beginners Is Meta Plotting a Stablecoin Comeback Years After Libra's Flop? 3 Monster Growth Stocks to Buy Now Silver's Options Sizzle: Are Traders Betting on a Breakout? Using the MarketBeat Dividend Yield Calculator AT&T: Is This Telecom Giant a Buy or a Bye for Your Portfolio? Should You Invest $1,000 in Canadian Natural Resources Right Now? Before you consider Canadian Natural Resources, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Canadian Natural Resources wasn't on the list. While Canadian Natural Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here Elon Musk's Next Move Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation. Get This Free Report Recent CNQ stock price forecast revisions from major brokerages reflect optimism driven by higher production volumes; consensus target now stands at CAD 94.50, suggesting a potential upside of 8% from current trading.