Here is why Canadian Natural Resources Limited (CNQ) is among the Best Natural Gas Stocks to Buy for Transitional Power

Here is why Canadian Natural Resources Limited (CNQ) is among the Best Natural Gas Stocks to Buy for Transitional Power Sajjl Nooranne Sun, May 24, 2026 at 1:50 PM GMT+2 2 min read CNQ NG=F CL=F With a short percentage of shares outstanding of 0. 47%, Canadian Natural Resources Limited (NYSE: CNQ ) is among the 9 Best Natural Gas Stocks to Buy for Transitional Power . On May 20, Scotiabank analyst Kevin Fisk raised the firm’s price target on Canadian Natural Resources Limited (NYSE:CNQ) to C$74 from C$70 while maintaining an Outperform rating on the shares.

The revised target reflects confidence in the company’s operational execution, production portfolio, and ability to generate strong cash flow across changing commodity price environments. Canadian Natural continues to benefit from its diversified mix of crude oil, natural gas, and natural gas liquids production across North America and international assets. Previously, on May 7, Raymond James Financial upgraded Canadian Natural Resources Limited (NYSE:CNQ) to Outperform from Market Perform.

The upgrade signaled growing confidence in the company’s operational outlook, balance sheet strength, and capital return profile as analysts evaluate energy sector fundamentals and long-term commodity demand trends. Founded in 1973 and headquartered in Calgary, Alberta, Canadian Natural Resources Limited (NYSE:CNQ) is a senior independent energy producer engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. The company maintains a broad asset base spanning oil sands, conventional production, offshore operations, and natural gas development.

While we acknowledge the potential of CNQ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the   best short-term AI stock . READ NEXT: 7 Best Heavy Equipment Stocks to Buy as Backlogs Hit Records  and 8 Best Rising Tech Stocks to Buy According to Hedge Funds .

Disclosure: None.   Follow Insider Monkey on Google News .