Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$327,750.00 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Warren Paul Raczynski sold 7,500 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of C$43.70, for a total value of C$327,750.00.

Canadian Natural Resources Stock Performance

Shares of TSE:CNQ traded down C$0.42 on Monday, reaching C$43.73. 6,657,604 shares of the company’s stock were exchanged, compared to its average volume of 7,041,350. Canadian Natural Resources Limited has a fifty-two week low of C$40.02 and a fifty-two week high of C$56.49. The business’s 50-day moving average is C$45.26 and its two-hundred day moving average is C$46.82. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64. The firm has a market capitalization of C$93.14 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 0.53 and a beta of 1.89.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings results on Thursday, October 31st. The company reported C$0.97 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.92 by C$0.05. Canadian Natural Resources had a return on equity of 19.65% and a net margin of 20.88%. During the same quarter in the previous year, the business posted $1.29 EPS. As a group, equities research analysts forecast that Canadian Natural Resources Limited will post 3.833989 EPS for the current year.

Wall Street Analysts Forecast Growth

CNQ has been the topic of a number of research reports. BMO Capital Markets cut their price objective on Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Royal Bank of Canada cut their price target on shares of Canadian Natural Resources from C$63.00 to C$62.00 in a report on Tuesday, January 14th. ATB Capital lifted their price target on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an “outperform” rating in a research report on Tuesday, October 8th. Wells Fargo & Company increased their price objective on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a research report on Monday, December 9th. Finally, CIBC lifted their target price on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$71.44.

About Canadian Natural Resources

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).