Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 8,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Warren Paul Raczynski sold 8,000 shares of the company's 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 transaction of C$358,720.00.

Canadian Natural Resources Stock Performance

Shares of CNQ traded up C$0.83 during trading hours on Friday, hitting C$45.90. The company's stock had a trading volume of 51,979,415 shares, compared to its average volume of 13,837,695. The company has a market cap of C$96.33 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 0.53 and a beta of 1.89. 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 business has a 50 day simple moving average of C$41.40 and a two-hundred day simple moving average of C$42.96. Canadian Natural Resources Limited has a 52-week low of C$34.92 and a 52-week high of C$52.15.

Analysts Set New Price Targets

CNQ has been the topic of a number of analyst reports. Scotiabank raised shares of 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 note on Wednesday, March 19th. Desjardins lowered their price objective on shares of 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. Raymond James upgraded shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating and lowered their price objective for the stock from C$52.00 to C$49.00 in a report on Wednesday, April 9th. Wells Fargo & Company upped their price objective on shares of Canadian Natural Resources from C$40.00 to C$42.00 in a report on Thursday, May 22nd. Finally, National Bankshares lowered their price objective 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 report on Friday, March 7th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to 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.