Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 4,912 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Kyle Grayson Pisio sold 4,912 shares of Canadian Natural Resources stock in a transaction on Thursday, June 19th. The stock was sold at an average price of C$46.27, for a total transaction of C$227,278.24.

Canadian Natural Resources Price Performance

Shares of TSE CNQ traded up C$0.52 during trading on Thursday, hitting C$43.56. The company had a trading volume of 15,247,209 shares, compared to its average volume of 14,551,519. The stock has a fifty day simple moving average of C$42.52 and a two-hundred day simple moving average of C$42.85. Canadian Natural Resources Limited has a fifty-two week low of C$34.92 and a fifty-two week high of C$52.15. The firm has a market capitalization of C$91.42 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth 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.

Analyst Ratings Changes

Several research analysts recently issued reports on CNQ shares. Wells Fargo & Company raised their target price on shares of Canadian Natural Resources from C$42.00 to C$46.00 and gave the stock an "equal weight" rating in a report on Thursday. Raymond James Financial raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating and reduced their target price for the stock from C$52.00 to C$49.00 in a report on Wednesday, April 9th. National Bankshares reduced their target price on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a "sector perform" rating for the company in a report on Friday, March 7th. CIBC lifted their price objective on shares of Canadian Natural Resources from C$59.00 to C$62.00 in a report on Thursday, April 10th. Finally, Scotiabank raised shares of Canadian Natural Resources from a "sector perform" rating to an "outperform" rating and set a C$56.00 price objective for the company in a report on Wednesday, March 19th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$54.58.

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.