Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Warren Paul Raczynski sold 8,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of C$44.84, for a total value of C$358,720.00.
Canadian Natural Resources Stock Performance
CNQ traded up C$0.83 on Friday, hitting C$45.90. The company had a trading volume of 51,979,415 shares, compared to its average volume of 13,837,695. Canadian Natural Resources Limited has a 1-year low of C$34.92 and a 1-year high of C$52.15. 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 company's fifty day moving average price is C$41.40 and its 200 day moving average price is C$42.94. The stock has a market cap of C$96.33 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on CNQ shares. Raymond James upgraded shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating and dropped their price target for the company from C$52.00 to C$49.00 in a research note on Wednesday, April 9th. CIBC lifted their target price on Canadian Natural Resources from C$59.00 to C$62.00 in a research note on Thursday, April 10th. Desjardins lowered their price target on Canadian Natural Resources from C$51.00 to C$49.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Wells Fargo & Company increased their target price on shares of Canadian Natural Resources from C$40.00 to C$42.00 in a research report on Thursday, May 22nd. Finally, Royal Bank of Canada raised their target price on shares of 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. 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 stock. According to MarketBeat, Canadian Natural Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of C$54.25.
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About Canadian Natural Resources
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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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