Calvin John Bast Sells 7,000 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Calvin John Bast sold 7,000 shares of Canadian Natural Resources stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of C$44.79, for a total transaction of C$313,534.90.

Calvin John Bast also recently made the following trade(s):

• On Wednesday, March 26th, Calvin John Bast sold 10,000 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$44.75, for a total transaction of C$447,500.00.

Canadian Natural Resources Trading Up 1.8%

CNQ stock traded up C$0.83 during midday trading on Friday, hitting C$45.90. The stock had a trading volume of 51,979,415 shares, compared to its average volume of 13,837,695. The firm has a market cap of C$96.33 billion, a P/E ratio of 12.74, 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. Canadian Natural Resources Limited has a 1-year low of C$34.92 and a 1-year high of C$52.15. The business has a fifty day moving average price of C$41.40 and a two-hundred day moving average price of C$42.90.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Desjardins decreased their price objective on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a "buy" rating on the stock in a research note on Tuesday, April 15th. National Bankshares decreased their price objective on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a "sector perform" rating on the stock in a research note on Friday, March 7th. Evercore ISI upgraded shares of Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 7th. Royal Bank of Canada raised their target price on shares of 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, CIBC raised their target price on shares of Canadian Natural Resources from C$59.00 to C$62.00 in a research report on Thursday, April 10th. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$54.25.

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.