Gordon Giffin Sells 25,000 Shares of Canadian Natural Resources (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Gordon Giffin sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of C$68.01, for a total value of C$1,700,250.00. Following the completion of the sale, the director directly owned 171,210 shares in the company, valued at approximately C$11,643,992.10. The trade was a 12.74% decrease in their position.

Canadian Natural Resources Stock Up 2.9%

Shares of TSE CNQ opened at C$69.46 on Friday. Canadian Natural Resources Limited has a 12 month low of C$34.92 and a 12 month high of C$70.44. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 44.46. The firm has a market capitalization of C$144.89 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.53 and a beta of 0.81. The business has a 50-day moving average of C$58.15 and a 200-day moving average of C$49.69.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings data on Thursday, March 5th. The company reported C$0.82 earnings per share for the quarter. The company had revenue of C$9.61 billion for the quarter. Canadian Natural Resources had a net margin of 26.06% and a return on equity of 25.98%. Sell-side analysts expect that Canadian Natural Resources Limited will post 3.833989 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CNQ shares. Scotiabank raised their price objective on shares of Canadian Natural Resources from C$58.00 to C$62.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. BMO Capital Markets increased their target price on Canadian Natural Resources from C$50.00 to C$70.00 and gave the company an “outperform” rating in a research note on Friday, March 6th. Evercore cut Canadian Natural Resources from an “outperform” rating to a “hold” rating and set a C$50.00 target price on the stock. in a research note on Tuesday, January 6th. National Bank Financial raised their price target on Canadian Natural Resources from C$54.00 to C$59.00 and gave the company a “sector perform” rating in a research report on Friday, March 6th. Finally, Jefferies Financial Group lifted their price target on Canadian Natural Resources from C$48.00 to C$59.00 in a research note on Monday, March 16th. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$58.77.

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.