Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 4,504 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Dwayne Frederick Giggs sold 4,504 shares of the business's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of C$45.44, for a total value of C$204,661.76.

Dwayne Frederick Giggs also recently made the following trade(s):

• On Thursday, April 10th, Dwayne Frederick Giggs acquired 1,400 shares of Canadian Natural Resources stock. The stock was purchased at an average cost of C$36.88 per share, for a total transaction of C$51,631.02.

Canadian Natural Resources Stock Performance

Shares of TSE CNQ traded down C$0.66 during trading on Monday, reaching C$45.24. The stock had a trading volume of 43,639,547 shares, compared to its average volume of 14,096,842. Canadian Natural Resources Limited has a one year low of C$34.92 and a one year high of C$52.15. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84. The stock has a market cap of C$94.94 billion, a PE ratio of 12.56, a P/E/G ratio of 0.53 and a beta of 1.89. The firm's 50 day moving average price is C$41.59 and its two-hundred day moving average price is C$42.89.

Analyst Upgrades and Downgrades

CNQ has been the subject of a number of research reports. Royal Bank of Canada lifted their price target 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. National Bankshares decreased their target price 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. CIBC lifted their price target on Canadian Natural Resources from C$59.00 to C$62.00 in a research note on Thursday, April 10th. Scotiabank raised Canadian Natural Resources from a "sector perform" rating to an "outperform" rating and set a C$56.00 target price on the stock in a research note on Wednesday, March 19th. Finally, Wells Fargo & Company increased their price objective on Canadian Natural Resources from C$40.00 to C$42.00 in a research note on Thursday, May 22nd. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Canadian Natural Resources currently has a consensus rating of "Moderate Buy" and a consensus target price 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.