Insider Selling: Canadian Natural Resources (TSE:CNQ) Insider Sells C$112,554.96 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Brenda Gayle Balog sold 2,252 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of C$49.98, for a total transaction of C$112,554.96. Following the completion of the sale, the insider directly owned 47,965 shares in the company, valued at approximately C$2,397,290.70. This trade represents a 4.48% decrease in their position.

Canadian Natural Resources Stock Performance

Shares of TSE:CNQ opened at C$55.39 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79. The company has a 50-day moving average price of C$47.86 and a 200-day moving average price of C$45.52. The company has a market cap of C$115.38 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 0.53 and a beta of 0.70. Canadian Natural Resources Limited has a 12 month low of C$34.92 and a 12 month high of C$55.50.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CNQ shares. 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 upped their price objective on shares of Canadian Natural Resources from C$47.00 to C$54.00 and gave the stock a “sector perform” rating in a report on Tuesday, February 3rd. Raymond James Financial raised their target price on shares of 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 shares of Canadian Natural Resources from C$53.00 to C$54.00 in a research report on Monday, November 10th. Finally, Royal Bank Of Canada decreased their price target on shares of Canadian Natural Resources from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.