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 dated Wednesday, June 25th. The shares were sold at an average price of C$43.27, for a total transaction of C$1,947,150.00.

Mark Allen Stainthorpe also recently made the following trade(s):

• On Tuesday, June 17th, Mark Allen Stainthorpe sold 45,000 shares of Canadian Natural Resources stock. The stock was sold at an average price of C$45.66, for a total transaction of C$2,054,700.00.

Canadian Natural Resources Price Performance

TSE:CNQ traded down C$0.45 on Friday, hitting C$43.11. The company had a trading volume of 17,009,946 shares, compared to its average volume of 14,571,345. The stock has a market capitalization of C$90.47 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 0.53 and a beta of 1.89. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79. The firm has a 50 day moving average of C$42.66 and a two-hundred day moving average of C$42.78. Canadian Natural Resources Limited has a 52 week low of C$34.92 and a 52 week high of C$52.15.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on CNQ shares. 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 on the stock in a research report on Friday, March 7th. Royal Bank Of Canada increased their target price on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an "outperform" rating in a research report on Friday, March 7th. Evercore ISI upgraded shares of Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 7th. 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 research report on Wednesday, March 19th. Finally, Wells Fargo & Company increased 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 research report on Thursday. Five 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. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$54.58.

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.