Erin Louise Lunn Sells 2,252 Shares of Canadian Natural Resources (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Erin Louise Lunn sold 2,252 shares of the stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of C$49.68, for a total transaction of C$111,879.36. Following the sale, the insider owned 51,142 shares of the company’s stock, valued at C$2,540,734.56. This trade represents a 4.22% decrease in their position.

Canadian Natural Resources Stock Down 0.4%

Shares of CNQ opened at C$58.00 on Monday. The company has a market capitalization of C$120.82 billion, a P/E ratio of 18.30, a PEG ratio of 0.53 and a beta of 0.70. Canadian Natural Resources Limited has a one year low of C$34.92 and a one year high of C$59.08. The business’s 50 day simple moving average is C$48.75 and its 200-day simple moving average is C$45.92. The company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54.

Analyst Upgrades and Downgrades

CNQ has been the topic of a number of recent analyst reports. Raymond James Financial raised their target price on Canadian Natural Resources from C$55.00 to C$56.00 in a report on Monday, November 10th. National Bank Financial increased their price target 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. Morgan Stanley reduced their price objective on shares of Canadian Natural Resources from C$51.00 to C$50.00 in a research note on Friday, January 23rd. Royal Bank Of Canada lowered their target price 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. Finally, TD Securities increased their target price on shares of Canadian Natural Resources from C$53.00 to C$54.00 in a report on Monday, November 10th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Canadian Natural Resources has a consensus 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.