Insider Selling: Canadian Natural Resources (TSE:CNQ) Insider Sells C$996,600.00 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Ronald Keith Laing sold 20,000 shares of the business’s stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of C$49.83, for a total transaction of C$996,600.00. Following the completion of the transaction, the insider owned 2,049 shares in the company, valued at C$102,101.67. The trade was a 90.71% decrease in their position.

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock 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 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. Canadian Natural Resources Limited has a 1-year low of C$34.92 and a 1-year high of C$55.50. The firm has a 50-day moving average of C$47.86 and a 200-day moving average of C$45.52.

Analyst Ratings Changes

CNQ has been the topic of several recent analyst reports. Royal Bank Of Canada cut their price target on shares of Canadian Natural Resources from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a report on Tuesday, January 13th. Raymond James Financial lifted their target price on shares of Canadian Natural Resources from C$55.00 to C$56.00 in a research note on Monday, November 10th. Desjardins set a C$52.00 price target on shares of Canadian Natural Resources and gave the company a “hold” rating in a research report on Wednesday, December 17th. 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, Evercore cut Canadian Natural Resources from an “outperform” rating to a “hold” rating and set a C$50.00 price objective on the stock. in a research report on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Hold” and a consensus 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.