Jay Ellery Froc Sells 4,500 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Jay Ellery Froc sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of C$42.89, for a total value of C$193,005.00.

Canadian Natural Resources Trading Up 0.9 %

TSE CNQ opened at C$42.59 on Tuesday. The business’s 50-day moving average price is C$43.39 and its two-hundred day moving average price is C$45.49. Canadian Natural Resources Limited has a 12 month low of C$37.11 and a 12 month high of C$56.49. The firm has a market capitalization of C$89.38 billion, a PE ratio of 11.82, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CNQ. Wells Fargo & Company reduced their target price on Canadian Natural Resources from C$50.00 to C$44.00 in a research note on Friday, March 7th. Raymond James boosted their price target on Canadian Natural Resources from C$51.00 to C$52.00 and gave the company a “market perform” rating in a research note on Friday, March 7th. Gerdes Energy Research raised Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. TD Securities set a C$58.00 price objective on Canadian Natural Resources and gave the company a “buy” rating in a report on Tuesday, December 3rd. Finally, Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$68.60.

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.