Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$2,542,100.00 in Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Scott Gerald Stauth sold 55,000 shares of the company's stock in a transaction dated Thursday, June 19th. The shares were sold at an average price of C$46.22, for a total transaction of C$2,542,100.00.

Canadian Natural Resources Price Performance

CNQ traded down C$0.04 during midday trading on Friday, hitting C$46.00. The company had a trading volume of 30,066,659 shares, compared to its average volume of 14,375,448. Canadian Natural Resources Limited has a twelve month low of C$34.92 and a twelve month high of C$52.15. The company has a market capitalization of C$96.54 billion, a PE ratio of 12.77, a P/E/G ratio of 0.53 and a beta of 1.89. 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 firm's 50-day simple moving average is C$42.22 and its 200-day simple moving average is C$42.91.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CNQ shares. Raymond James Financial upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating and cut their target price for the stock from C$52.00 to C$49.00 in a research report on Wednesday, April 9th. National Bankshares dropped their price objective on Canadian Natural Resources from C$51.00 to C$49.00 and set a "sector perform" rating for the company in a research note on Friday, March 7th. Evercore ISI raised Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. Scotiabank raised shares of 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 report on Wednesday, March 19th. Finally, Royal Bank Of Canada increased their target price on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Five equities 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 stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of C$54.25.

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.