Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 10,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Devin Craig Lowe sold 10,000 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was 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 stock was 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 Up 1.8%

Shares of TSE CNQ traded up C$0.83 during trading on Friday, hitting C$45.90. 51,979,415 shares of the company traded hands, compared to its average volume of 13,837,695. The business's fifty day moving average is C$41.40 and its 200 day moving average is C$42.96. Canadian Natural Resources Limited has a fifty-two week low of C$34.92 and a fifty-two week high of C$52.15. The firm has a market capitalization of C$96.33 billion, a price-to-earnings ratio of 12.74, a P/E/G ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84.

Analyst Ratings Changes

Several brokerages recently weighed in on CNQ. Desjardins reduced 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 research note on Tuesday, April 15th. Raymond James raised shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating and reduced their price objective for the stock from C$52.00 to C$49.00 in a research note on Wednesday, April 9th. 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. CIBC boosted their price objective on shares of Canadian Natural Resources from C$59.00 to C$62.00 in a research note on Thursday, April 10th. Finally, Wells Fargo & Company boosted their price objective on shares of Canadian Natural Resources from C$40.00 to C$42.00 in a research note on Thursday, May 22nd. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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.