Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$184,046.95 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Trevor Wagil sold 4,504 shares of Canadian Natural Resources stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of C$40.86, for a total value of C$184,046.95.

Canadian Natural Resources Trading Down 1.5 %

Shares of TSE CNQ opened at C$41.39 on Friday. Canadian Natural Resources Limited has a 12-month low of C$37.11 and a 12-month high of C$56.49. The company has a market cap of C$86.86 billion, a price-to-earnings ratio of 11.49, 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. The stock’s 50 day simple moving average is C$43.53 and its 200 day simple moving average is C$45.60.

Analyst Upgrades and Downgrades

CNQ has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their price target on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. Tudor Pickering lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Evercore ISI raised shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. Wells Fargo & Company reduced their price target on shares of Canadian Natural Resources from C$50.00 to C$44.00 in a research report on Friday, March 7th. Finally, 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. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.