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 firm's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of C$44.76, for a total value 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 shares were 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 Trading Up 1.8%

Shares of Canadian Natural Resources stock traded up C$0.83 on Friday, hitting C$45.90. 51,979,415 shares of the company traded hands, compared to its average volume of 13,837,695. The stock's 50 day moving average price is C$41.40 and its 200-day moving average price is C$42.96. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79. 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 market cap of C$96.33 billion, a PE ratio of 12.74, a PEG ratio of 0.53 and a beta of 1.89.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CNQ shares. CIBC increased their price target on shares of Canadian Natural Resources from C$59.00 to C$62.00 in a report on Thursday, April 10th. Raymond James raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating and lowered their price target for the company from C$52.00 to C$49.00 in a report on Wednesday, April 9th. 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. Evercore ISI raised shares of Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. Finally, Royal Bank of Canada increased 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 report on Friday, March 7th. Five equities research 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's stock. According to data from MarketBeat, Canadian Natural Resources presently has an average rating of "Moderate Buy" and an average 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.