Trevor Wagil Sells 2,469 Shares of Canadian Natural Resources (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Trevor Wagil sold 2,469 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of C$45.19, for a total value of C$111,574.11. Following the completion of the transaction, the insider directly owned 14,779 shares in the company, valued at C$667,863.01. This trade represents a 14.31% decrease in their ownership of the stock.

Canadian Natural Resources Stock Up 1.2%

Canadian Natural Resources stock opened at C$49.47 on Monday. The firm has a market cap of C$103.05 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 0.53 and a beta of 0.71. The stock has a fifty day simple moving average of C$46.27 and a two-hundred day simple moving average of C$44.50. Canadian Natural Resources Limited has a 12 month low of C$34.92 and a 12 month high of C$49.95. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$0.86 earnings per share (EPS) for the quarter. Canadian Natural Resources had a return on equity of 19.14% and a net margin of 21.25%.The firm had revenue of C$9.52 billion for the quarter. Equities analysts predict that Canadian Natural Resources Limited will post 3.833989 EPS for the current fiscal year.

Analyst Ratings Changes

CNQ has been the topic of several research reports. Scotiabank raised their target price on shares of Canadian Natural Resources from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a report on Thursday, October 9th. Morgan Stanley dropped their price target on Canadian Natural Resources from C$51.00 to C$50.00 in a research note on Friday. Raymond James Financial boosted their price target on Canadian Natural Resources from C$55.00 to C$56.00 in a research note on Monday, November 10th. Evercore Partners downgraded shares of Canadian Natural Resources from an “outperform” rating to an “in-line” rating and set a C$50.00 price objective for the company. in a research report on Tuesday, January 6th. Finally, TD Securities boosted their price target on Canadian Natural Resources from C$53.00 to C$54.00 in a report on Monday, November 10th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of C$53.36.

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.