Devin Craig Lowe Sells 10,000 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Devin Craig Lowe sold 10,000 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of C$44.76, for a total transaction of C$447,600.00.

Devin Craig Lowe also recently made the following trade(s):

• On Wednesday, June 11th, Devin Craig Lowe sold 20,000 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$44.76, for a total transaction of C$895,200.00.
• On Tuesday, May 13th, Devin Craig Lowe sold 10,000 shares of Canadian Natural Resources stock. The stock was sold at an average price of C$44.67, for a total transaction of C$446,700.00.

Canadian Natural Resources Stock Performance

Shares of TSE CNQ traded down C$0.02 during trading on Thursday, reaching C$44.71. 583,594 shares of the company traded hands, compared to its average volume of 13,302,559. The firm has a 50 day simple moving average of C$41.05 and a 200-day simple moving average of C$42.99. 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 capitalization of C$93.83 billion, a PE ratio of 12.41, a P/E/G ratio of 0.53 and a beta of 1.89. Canadian Natural Resources Limited has a 52-week low of C$34.92 and a 52-week high of C$52.15.

Wall Street Analysts Forecast Growth

CNQ has been the topic of several research analyst reports. Scotiabank upgraded shares of Canadian Natural Resources from a "sector perform" rating to an "outperform" rating and set a C$56.00 target price on the stock in a report on Wednesday, March 19th. Royal Bank of Canada increased their price objective 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. Desjardins decreased their price objective on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Evercore ISI upgraded shares of Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. Finally, Raymond James raised 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 report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.