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 Canadian Natural Resources stock in a transaction that occurred on 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 Down 0.1%

TSE:CNQ traded down C$0.04 during trading hours on Friday, reaching C$46.00. 30,066,659 shares of the company traded hands, compared to its average volume of 14,375,448. The business's 50-day moving average price is C$42.22 and its two-hundred day moving average price is C$42.86. The stock has a market capitalization of C$96.54 billion, a P/E ratio of 12.77, a P/E/G ratio of 0.53 and a beta of 1.89. Canadian Natural Resources Limited has a 1 year low of C$34.92 and a 1 year high of C$52.15. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CNQ shares. National Bankshares cut their price objective on 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. Evercore ISI upgraded Canadian Natural Resources from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 7th. Wells Fargo & Company lifted their price objective on Canadian Natural Resources from C$40.00 to C$42.00 in a research report on Thursday, May 22nd. Scotiabank upgraded Canadian Natural Resources from a "sector perform" rating to an "outperform" rating and set a C$56.00 target price for the company in a research note on Wednesday, March 19th. Finally, CIBC raised their target price on Canadian Natural Resources from C$59.00 to C$62.00 in a research note on Thursday, April 10th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Canadian Natural Resources currently has an average rating of "Moderate Buy" and a consensus 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.