Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 8,260 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Mark Anthony Overwater sold 8,260 shares of the stock in a transaction dated Thursday, June 19th. The stock was sold at an average price of C$46.44, for a total value of C$383,594.40.

Canadian Natural Resources Stock Performance

TSE:CNQ traded up C$0.04 during mid-day trading on Thursday, hitting C$46.04. The stock had a trading volume of 5,030,704 shares, compared to its average volume of 14,242,472. Canadian Natural Resources Limited has a twelve month low of C$34.92 and a twelve month high of C$52.15. The stock has a market cap of C$96.62 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 0.53 and a beta of 1.89. The company's 50 day simple moving average is C$42.05 and its 200 day simple moving average is C$42.93. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CNQ. Desjardins decreased their price objective on Canadian Natural Resources from C$51.00 to C$49.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Raymond James Financial upgraded Canadian Natural Resources from a "market perform" rating to an "outperform" rating and decreased their price objective for the company from C$52.00 to C$49.00 in a report on Wednesday, April 9th. Evercore ISI upgraded Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a report on Friday, March 7th. Wells Fargo & Company raised their price objective on Canadian Natural Resources from C$40.00 to C$42.00 in a report on Thursday, May 22nd. Finally, Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to an "outperform" rating and set a C$56.00 price objective for the company in a report on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Canadian Natural Resources currently has a consensus rating of "Moderate Buy" and an average target price 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.

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