Robin Sean Zabek Sells 20,000 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Robin Sean Zabek 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$44.90, for a total transaction of C$898,000.00.

Canadian Natural Resources Stock Down 0.9%

Shares of Canadian Natural Resources stock traded down C$0.43 during trading hours on Wednesday, reaching C$46.00. The company's stock had a trading volume of 20,600,488 shares, compared to its average volume of 14,321,205. The company has a market capitalization of C$96.54 billion, a P/E ratio of 12.77, a P/E/G ratio of 0.53 and a beta of 1.89. The stock's fifty day simple moving average is C$41.73 and its two-hundred day simple moving average is C$42.91. Canadian Natural Resources Limited has a one year low of C$34.92 and a one year high of C$52.15. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CNQ shares. Evercore ISI raised shares of Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. Wells Fargo & Company upped their price target on shares of Canadian Natural Resources from C$40.00 to C$42.00 in a report on Thursday, May 22nd. CIBC raised their price objective on Canadian Natural Resources from C$59.00 to C$62.00 in a report on Thursday, April 10th. Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to an "outperform" rating and set a C$56.00 price objective on the stock in a research report on Wednesday, March 19th. Finally, National Bankshares dropped their target price on Canadian Natural Resources from C$51.00 to C$49.00 and set a "sector perform" rating for the company in a research report on Friday, March 7th. Five 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus 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.