Canadian Natural Resources (TSE:CNQ) Insider Brenda Gayle Balog Sells 4,500 Shares of Stock

Key Points

• Brenda Gayle Balog, an insider at Canadian Natural Resources, sold 4,500 shares at an average price of C$45.55, reducing her ownership by 8.58%.
• The company's stock closed down C$0.30 at C$42.19, with a trading volume significantly lower than its average.
• Analysts have recently adjusted price targets for Canadian Natural Resources, with most rating it a Moderate Buy and setting an average price target of C$54.73.

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ insider Brenda Gayle Balog sold 4,500 shares of the firm's stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of C$45.55, for a total value of C$204,975.00. Following the sale, the insider directly owned 47,965 shares of the company's stock, valued at C$2,184,805.75. This represents a 8.58% decrease in their ownership of the stock.

Canadian Natural Resources Trading Down 0.7%

CNQ stock traded down C$0.30 during trading on Friday, hitting C$42.19. The company had a trading volume of 9,105,742 shares, compared to its average volume of 14,925,663. The company has a 50 day simple moving average of C$43.43 and a 200-day simple moving average of C$42.64. The company has a quick ratio of 0.54, a current ratio of 0.84 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$49.68. The firm has a market capitalization of C$87.78 billion, a P/E ratio of 10.71, a PEG ratio of 0.53 and a beta of 0.88.

Analysts Set New Price Targets

Several research firms have issued reports on CNQ. Royal Bank Of Canada cut their price target on shares of Canadian Natural Resources from C$64.00 to C$62.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Raymond James Financial raised their price target on shares of Canadian Natural Resources from C$52.00 to C$54.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Wells Fargo & Company set a C$47.00 target price on Canadian Natural Resources and gave the stock an "equal weight" rating in a research note on Friday. Finally, Scotiabank boosted their price target on Canadian Natural Resources from C$54.00 to C$58.00 and gave the company an "outperform" rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Canadian Natural Resources currently has an average rating of "Moderate Buy" and an average price target of C$54.73.

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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