Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 19,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Troy John Peter Andersen sold 19,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of C$47.45, for a total value of C$901,607.00.

Canadian Natural Resources Stock Performance

Shares of CNQ stock opened at C$47.27 on Friday. The company has a fifty day moving average price of C$46.03 and a two-hundred day moving average price of C$47.24. Canadian Natural Resources Limited has a one year low of C$40.02 and a one year high of C$56.49. The stock has a market cap of C$100.69 billion, a P/E ratio of 13.47, a P/E/G ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54.

Wall Street Analyst Weigh In

CNQ has been the topic of several research analyst reports. Gerdes Energy Research upgraded shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. National Bankshares boosted their price objective on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 8th. Royal Bank of Canada increased their target price on Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. BMO Capital Markets cut their price target on Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Finally, ATB Capital increased their price objective on Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$71.94.

Canadian Natural Resources Company Profile

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).