Canadian Natural Resources (TSE:CNQ) Director Shelley Ann Marie Brown Acquires 709 Shares of Stock

Key Points

• Director Shelley Ann Marie Brown bought 709 shares of Canadian Natural Resources at C$70.44 each, investing nearly C$49,942 and increasing her holdings by 66.2% to 1,780 shares.
• CNQ shares rose 2.5% to C$71.70, near their one-year high of C$72.35, with trading volume above its average.
• Analyst sentiment is positive, with a consensus “Moderate Buy” rating, though the average price target of C$66.88 is below the current share price.

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Director Shelley Ann Marie Brown purchased 709 shares of the firm's stock in a transaction on Tuesday, September 15th. The stock was bought at an average price of C$70.44 per share, with a total value of C$49,941.96. Following the completion of the purchase, the director owned 1,780 shares of the company's stock, valued at approximately C$125,383.20. This represents a 66.20% increase in their ownership of the stock.

Canadian Natural Resources Stock Up 2.5%

Shares of Canadian Natural Resources stock traded up C$1.76 on Tuesday, reaching C$71.70. 21,708,148 shares of the company were exchanged, compared to its average volume of 15,120,122. Canadian Natural Resources Limited has a one year low of C$41.67 and a one year high of C$72.35. The company has a market capitalization of C$147.81 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 0.53 and a beta of 0.32. The company has a current ratio of 1.00, a quick ratio of 0.54 and a debt-to-equity ratio of 36.64. The company has a 50-day moving average of C$66.35 and a 200 day moving average of C$64.23.

Canadian Natural Resources (TSE:CNQ - Get Free Report) NYSE: CNQ last released its earnings results on Thursday, August 6th. The company reported C$2.19 earnings per share for the quarter. The business had revenue of C$14.74 billion during the quarter. Canadian Natural Resources had a net margin of 24.93% and a return on equity of 26.67%. On average, equities research analysts forecast that Canadian Natural Resources Limited will post 3.833989 earnings per share for the current year.

Analysts Set New Price Targets

CNQ has been the subject of several recent analyst reports. Raymond James Financial raised their target price on shares of Canadian Natural Resources from C$65.00 to C$66.00 and gave the company an "outperform" rating in a research note on Friday, August 7th. JPMorgan Chase & Co. raised their price objective on Canadian Natural Resources from C$67.00 to C$75.00 in a research report on Wednesday, August 12th. Scotiabank upgraded Canadian Natural Resources to a "hold" rating in a research note on Friday, June 26th. Scotia boosted their target price on Canadian Natural Resources from C$71.00 to C$73.00 and gave the stock a "sector perform" rating in a report on Friday, August 7th. Finally, Gerdes Energy Research raised Canadian Natural Resources from a "neutral" rating to a "buy" rating and raised their price target for the company from C$67.00 to C$69.00 in a report on Monday, June 29th. Seven analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Canadian Natural Resources presently has a consensus rating of "Moderate Buy" and a consensus target price of C$66.88.

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.

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