Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 20,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Devin Craig Lowe sold 20,000 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of C$44.76, for a total transaction of C$895,200.00.

Devin Craig Lowe also recently made the following trade(s):

• On Wednesday, June 11th, Devin Craig Lowe sold 10,000 shares of Canadian Natural Resources stock. The stock was sold at an average price of C$44.76, for a total transaction of C$447,600.00.
• On Tuesday, May 13th, Devin Craig Lowe sold 10,000 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$44.67, for a total transaction of C$446,700.00.

Canadian Natural Resources Stock Down 0.0%

Shares of TSE:CNQ traded down C$0.02 on Thursday, hitting C$44.71. 583,594 shares of the company traded hands, compared to its average volume of 13,302,559. The company has a market cap of C$93.83 billion, a PE ratio of 12.41, a PEG ratio of 0.53 and a beta of 1.89. The stock has a 50 day simple moving average of C$41.05 and a 200-day simple moving average of C$42.99. 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 quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CNQ shares. National Bankshares cut their target price 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 report on Friday, March 7th. Scotiabank upgraded 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 research report on Wednesday, March 19th. 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. Raymond James upgraded shares of 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. Finally, Desjardins lowered their price target on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently 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.