Canadian Natural Resources (TSE:CNQ) Insider Sells C$724,420.00 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Trevor Wagil sold 14,500 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of C$49.96, for a total value of C$724,420.00. Following the completion of the sale, the insider directly owned 14,779 shares of the company’s stock, valued at approximately C$738,358.84. This represents a 49.52% decrease in their position.

Trevor Wagil also recently made the following trade(s):

• On Wednesday, December 24th, Trevor Wagil sold 2,469 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$45.19, for a total value of C$111,574.11.

Canadian Natural Resources Stock Up 1.8%

Shares of CNQ opened at C$55.39 on Tuesday. Canadian Natural Resources Limited has a 52-week low of C$34.92 and a 52-week high of C$55.50. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. The stock has a fifty day simple moving average of C$47.86 and a two-hundred day simple moving average of C$45.52. The company has a market capitalization of C$115.38 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 0.53 and a beta of 0.70.

Analyst Ratings Changes

Several research firms have recently commented on CNQ. Gerdes Energy Research lowered shares of Canadian Natural Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, February 12th. Evercore downgraded 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 report on Tuesday, January 6th. Morgan Stanley decreased their price target on Canadian Natural Resources from C$51.00 to C$50.00 in a research note on Friday, January 23rd. Desjardins set a C$52.00 price objective on Canadian Natural Resources and gave the stock a “hold” rating in a research report on Wednesday, December 17th. Finally, National Bank Financial upped their target price on shares of Canadian Natural Resources from C$47.00 to C$54.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$54.40.

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.