Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 45,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Mark Allen Stainthorpe sold 45,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of C$45.66, for a total value of C$2,054,700.00.

Canadian Natural Resources Stock Down 0.1%

Canadian Natural Resources stock traded down C$0.04 during midday trading on Friday, hitting C$46.00. 30,066,659 shares of the stock were exchanged, compared to its average volume of 14,375,448. Canadian Natural Resources Limited has a 52-week low of C$34.92 and a 52-week high of C$52.15. 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 business's 50-day moving average price is C$42.05 and its 200-day moving average price is C$42.93. The stock has a market capitalization of C$96.54 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. CIBC upped their price objective on shares of Canadian Natural Resources from C$59.00 to C$62.00 in a report on Thursday, April 10th. National Bankshares decreased their target price on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a "sector perform" rating for the company in a research report on Friday, March 7th. Raymond James Financial upgraded shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating and lowered their target price for the stock from C$52.00 to C$49.00 in a report on Wednesday, April 9th. Wells Fargo & Company raised their price target on shares of Canadian Natural Resources from C$40.00 to C$42.00 in a research report on Thursday, May 22nd. Finally, Royal Bank Of Canada lifted their price target on 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. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Canadian Natural Resources currently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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