Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 4,504 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Trevor Wagil sold 4,504 shares of the business’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$40.86, for a total value of C$184,046.95.

Canadian Natural Resources Stock Performance

CNQ stock traded up C$0.27 during trading on Tuesday, hitting C$41.18. 1,053,157 shares of the company’s stock traded hands, compared to its average volume of 9,706,705. The stock has a fifty day moving average price of C$43.72 and a two-hundred day moving average price of C$45.74. The stock has a market capitalization of C$86.42 billion, a price-to-earnings ratio of 11.43, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. Canadian Natural Resources Limited has a 52 week low of C$37.11 and a 52 week high of C$56.49.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. BMO Capital Markets decreased their price target on Canadian Natural Resources from C$60.00 to C$58.00 in a research note on Friday, December 13th. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Evercore ISI upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Friday. TD Securities set a C$58.00 price target on Canadian Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Finally, Gerdes Energy Research raised shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research note on Monday, December 16th. Six analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Canadian Natural Resources currently has a consensus rating of “Moderate Buy” and an average target price of C$68.60.

Canadian Natural Resources Company Profile

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.