Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$313,500.00 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Calvin John Bast sold 7,500 shares of the stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of C$41.80, for a total value of C$313,500.00.

Canadian Natural Resources Trading Up 2.0 %

TSE:CNQ opened at C$42.21 on Friday. The stock’s 50 day moving average price is C$43.47 and its 200 day moving average price is C$45.54. The company has a market capitalization of C$88.58 billion, a PE ratio of 11.72, a P/E/G ratio of 0.53 and a beta of 1.89. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. Canadian Natural Resources Limited has a 52-week low of C$37.11 and a 52-week high of C$56.49.

Analyst Ratings Changes

A number of research firms have issued reports on CNQ. National Bankshares reduced their price target on Canadian Natural Resources from C$51.00 to C$49.00 and set a “sector perform” rating on the stock in a research report on Friday, March 7th. Raymond James increased 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 report on Friday, March 7th. Jefferies Financial Group reduced their price target on Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. Royal Bank of Canada increased their price target on Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Finally, Gerdes Energy Research upgraded Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Canadian Natural Resources has an average rating of “Moderate Buy” and a consensus target price of C$68.60.

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.