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 Canadian Natural Resources stock in a transaction dated Friday, July 11th. The stock was sold at an average price of C$43.87, for a total value of C$2,632,410.00.

Canadian Natural Resources Price Performance

CNQ traded down C$0.34 on Monday, hitting C$43.57. 9,697,014 shares of the stock were exchanged, compared to its average volume of 14,557,876. Canadian Natural Resources Limited has a 12 month low of C$34.92 and a 12 month high of C$52.15. The business has a 50-day moving average of C$43.42 and a two-hundred day moving average of C$42.79. 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 firm has a market capitalization of C$91.44 billion, a price-to-earnings ratio of 12.10, a PEG ratio of 0.53 and a beta of 1.89.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Desjardins dropped 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 report on Tuesday, April 15th. Raymond James Financial upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating and reduced their price target for the company from C$52.00 to C$49.00 in a research note on Wednesday, April 9th. CIBC boosted their price target on Canadian Natural Resources from C$59.00 to C$62.00 in a research note on Thursday, April 10th. Wells Fargo & Company boosted their price target 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. Finally, Scotiabank boosted their price target on Canadian Natural Resources from C$50.00 to C$54.00 in a research note on Friday. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$54.42.

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.