Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$2,632,410.00 in Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Troy John Peter Andersen sold 60,000 shares of the business's stock in a transaction that occurred on Friday, July 11th. The shares were sold at an average price of C$43.87, for a total value of C$2,632,410.00.

Canadian Natural Resources Stock Performance

Shares of TSE CNQ traded up C$0.43 during trading on Friday, reaching C$43.89. 2,774,975 shares of the stock traded hands, compared to its average volume of 14,502,086. The company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54. The stock has a market capitalization of C$92.11 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources Limited has a 52-week low of C$34.92 and a 52-week high of C$52.15. The company has a 50-day moving average of C$43.24 and a 200-day moving average of C$42.80.

Analyst Upgrades and Downgrades

CNQ has been the topic of several research reports. Raymond James Financial upgraded shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating and lowered their price objective for the stock from C$52.00 to C$49.00 in a report on Wednesday, April 9th. Desjardins lowered their target price on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Scotiabank lifted their price target on Canadian Natural Resources from C$50.00 to C$54.00 in a research note on Friday. CIBC upped their price target on Canadian Natural Resources from C$59.00 to C$62.00 in a report on Thursday, April 10th. Finally, Wells Fargo & Company raised their price objective on Canadian Natural Resources from C$42.00 to C$46.00 and gave the company an "equal weight" rating in a research note on Thursday, June 26th. 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of C$54.42.

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.

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