Canadian Natural Resources (TSE:CNQ) Insider Ronald Keith Laing Sells 20,000 Shares

Key Points

• Insider Ronald Keith Laing sold 20,000 shares of Canadian Natural Resources at C$45.17 each, totaling C$903,400, reducing his ownership by 90.71%.
• Canadian Natural Resources' stock price is currently C$44.41, down C$1.47, with a market cap of C$92.40 billion and a PE ratio of 11.27.
• Analysts have issued mixed reviews, with price targets ranging from C$46.00 to C$58.00 and an overall average rating of "Moderate Buy".

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ insider Ronald Keith Laing sold 20,000 shares of the company's stock in a transaction dated Monday, October 6th. The stock was sold at an average price of C$45.17, for a total transaction of C$903,400.00. Following the completion of the sale, the insider directly owned 2,049 shares in the company, valued at approximately C$92,553.33. The trade was a 90.71% decrease in their position.

Canadian Natural Resources Price Performance

TSE:CNQ traded down C$1.47 during mid-day trading on Friday, reaching C$44.41. 7,515,613 shares of the company were exchanged, compared to its average volume of 14,941,063. Canadian Natural Resources Limited has a 12 month low of C$34.92 and a 12 month high of C$52.15. The company has a fifty day moving average of C$43.35 and a 200 day moving average of C$42.69. 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 stock has a market cap of C$92.40 billion, a PE ratio of 11.27, a PEG ratio of 0.53 and a beta of 0.88.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Scotiabank increased their price target on shares of Canadian Natural Resources from C$54.00 to C$58.00 and gave the company an "outperform" rating in a research report on Thursday. 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 research report on Friday, August 8th. Raymond James Financial raised their target price 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. Finally, Wells Fargo & Company raised their target price on shares of Canadian Natural Resources from C$42.00 to C$46.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of C$54.64.

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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