Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Dwayne Frederick Giggs Acquires 1,400 Shares

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Dwayne Frederick Giggs bought 1,400 shares of Canadian Natural Resources stock in a transaction dated Thursday, April 10th. The shares were bought at an average cost of C$36.88 per share, for a total transaction of C$51,631.02.

Canadian Natural Resources Trading Down 7.2 %

TSE CNQ traded down C$2.81 during trading hours on Thursday, hitting C$36.45. 2,877,231 shares of the company’s stock were exchanged, compared to its average volume of 13,085,909. The firm has a market cap of C$76.49 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 0.53 and a beta of 1.89. Canadian Natural Resources Limited has a 1-year low of C$34.92 and a 1-year high of C$56.42. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79. The stock has a 50-day simple moving average of C$42.11 and a 200 day simple moving average of C$44.96.

Analyst Ratings Changes

Several equities research analysts have weighed in on CNQ shares. Royal Bank of Canada upped their target price on Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Jefferies Financial Group decreased their target price on Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. Wells Fargo & Company reduced their price target on shares of Canadian Natural Resources from C$44.00 to C$40.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Raymond James upgraded shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from C$52.00 to C$49.00 in a research report on Wednesday. Finally, National Bankshares decreased their target price on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a “sector perform” rating on the stock in a research note on Friday, March 7th. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$60.15.

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.