Insider Selling: Canadian Natural Resources (TSE:CNQ) Insider Sells C$373,620.16 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Kyle Grayson Pisio sold 7,456 shares of the company’s stock in a transaction on Wednesday, January 28th. The shares were sold at an average price of C$50.11, for a total value of C$373,620.16. Following the completion of the transaction, the insider owned 26,089 shares of the company’s stock, valued at C$1,307,319.79. The trade was a 22.23% decrease in their ownership of the stock.

Canadian Natural Resources Stock Up 1.8%

CNQ opened at C$55.39 on Tuesday. The company has a market capitalization 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 company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54. The firm’s fifty day moving average price is C$47.86 and its two-hundred day moving average price is C$45.52. Canadian Natural Resources Limited has a fifty-two week low of C$34.92 and a fifty-two week high of C$55.50.

Analyst Ratings Changes

A number of research firms recently weighed in on CNQ. Desjardins set a C$52.00 target price on shares of Canadian Natural Resources and gave the company a “hold” rating in a research note on Wednesday, December 17th. Royal Bank Of Canada lowered their price objective on Canadian Natural Resources from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 13th. Raymond James Financial raised their target price on Canadian Natural Resources from C$55.00 to C$56.00 in a research report on Monday, November 10th. TD Securities boosted their price target on Canadian Natural Resources from C$53.00 to C$54.00 in a research note on Monday, November 10th. Finally, Morgan Stanley dropped their price objective on Canadian Natural Resources from C$51.00 to C$50.00 in a research note on Friday, January 23rd. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, Canadian Natural Resources has an average rating of “Hold” and an average target price of C$54.40.

Canadian Natural Resources Company Profile

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.