Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$446,700.00 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Devin Craig Lowe sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of C$44.67, for a total value of C$446,700.00.

Canadian Natural Resources Stock Down 1.7%

Shares of TSE:CNQ opened at C$43.15 on Friday. Canadian Natural Resources Limited has a 52-week low of C$34.92 and a 52-week high of C$53.03. The firm has a market capitalization of C$90.56 billion, a P/E ratio of 11.98, a P/E/G ratio of 0.53 and a beta of 1.89. The stock has a 50 day moving average price of C$41.18 and a 200-day moving average price of C$43.60. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84.

Wall Street Analyst Weigh In

CNQ has been the subject of a number of research reports. Evercore ISI upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Desjardins dropped their target price on Canadian Natural Resources from C$51.00 to C$49.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. CIBC increased their target price on Canadian Natural Resources from C$59.00 to C$62.00 in a report on Thursday, April 10th. Finally, Raymond James raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating and lowered their price target for the company from C$52.00 to C$49.00 in a research report on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$54.08.

About Canadian Natural Resources

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.