Canadian Natural Resources (TSE:CNQ) Insider Sells C$94,936.70 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Stephanie Ann Graham sold 1,930 shares of Canadian Natural Resources stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of C$49.19, for a total transaction of C$94,936.70. Following the transaction, the insider directly owned 16,367 shares in the company, valued at approximately C$805,092.73. The trade was a 10.55% decrease in their ownership of the stock.

Canadian Natural Resources Stock Up 1.8%

Canadian Natural Resources stock opened at C$55.39 on Tuesday. 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 firm has a market cap of C$115.38 billion, a P/E ratio of 17.47, a P/E/G ratio of 0.53 and a beta of 0.70. The business has a fifty day moving average of C$47.86 and a two-hundred day moving average of C$45.52. Canadian Natural Resources Limited has a twelve month low of C$34.92 and a twelve month high of C$55.50.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CNQ shares. TD Securities lifted their target price on Canadian Natural Resources from C$53.00 to C$54.00 in a research note on Monday, November 10th. Raymond James Financial lifted their price objective on shares of Canadian Natural Resources from C$55.00 to C$56.00 in a research report on Monday, November 10th. Evercore cut shares of Canadian Natural Resources from an “outperform” rating to a “hold” rating and set a C$50.00 target price for the company. in a research report on Tuesday, January 6th. Gerdes Energy Research lowered shares of Canadian Natural Resources from a “buy” rating to a “neutral” rating in a report on Thursday, February 12th. Finally, Desjardins set a C$52.00 price objective on Canadian Natural Resources and gave the company a “hold” rating in a report on Wednesday, December 17th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.