Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$898,000.00 in Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Robin Sean Zabek sold 20,000 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of C$44.90, for a total transaction of C$898,000.00.

Canadian Natural Resources Stock Performance

Shares of TSE CNQ traded up C$0.83 during trading on Friday, reaching C$45.90. 51,979,415 shares of the company traded hands, compared to its average volume of 13,837,695. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. The firm has a 50 day simple moving average of C$41.40 and a 200-day simple moving average of C$42.94. Canadian Natural Resources Limited has a 52-week low of C$34.92 and a 52-week high of C$52.15. The stock has a market capitalization of C$96.33 billion, a PE ratio of 12.74, a P/E/G ratio of 0.53 and a beta of 1.89.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. National Bankshares lowered their price target 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. Desjardins dropped their price target on Canadian Natural Resources from C$51.00 to C$49.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Royal Bank of Canada increased their target price on Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an "outperform" rating in a research note 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 price target on the stock in a research report on Wednesday, March 19th. Finally, Evercore ISI raised Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a research note 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 given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target 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.

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