Canadian Natural Resources (TSE:CNQ) Insider Brenda Gayle Balog Sells 4,500 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Brenda Gayle Balog sold 4,500 shares of the business’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of C$45.55, for a total value of C$204,975.00. Following the completion of the transaction, the insider directly owned 47,965 shares in the company, valued at approximately C$2,184,805.75. This represents a 8.58% decrease in their position.

Canadian Natural Resources Stock Down 0.7%

CNQ stock opened at C$42.19 on Friday. The stock’s fifty day simple moving average is C$43.43 and its two-hundred day simple moving average is C$42.62. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79. Canadian Natural Resources Limited has a 1-year low of C$34.92 and a 1-year high of C$49.68. The stock has a market cap of C$87.78 billion, a P/E ratio of 10.71, a P/E/G ratio of 0.53 and a beta of 0.88.

Analyst Upgrades and Downgrades

CNQ has been the topic of a number of recent research reports. Wells Fargo & Company set a C$47.00 price objective on Canadian Natural Resources and gave the stock an “equal weight” rating in a report on Friday. Raymond James Financial upped their target price on Canadian Natural Resources from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Friday, August 8th. Royal Bank Of Canada decreased their target price on Canadian Natural Resources from C$64.00 to C$62.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Finally, Scotiabank increased their price objective on Canadian Natural Resources from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$54.73.

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.