Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 10,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Devin Craig Lowe sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of C$44.67, for a total value of C$446,700.00.

Canadian Natural Resources Stock Down 2.3%

Shares of TSE CNQ opened at C$43.90 on Thursday. The stock has a market capitalization of C$92.13 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources Limited has a 52 week low of C$34.92 and a 52 week high of C$53.03. The firm has a 50-day moving average price of C$41.14 and a 200 day moving average price of C$43.64. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79.

Analysts Set New Price Targets

Several analysts recently commented on CNQ shares. Desjardins dropped their price target on Canadian Natural Resources from C$51.00 to C$49.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Tudor Pickering lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. CIBC raised their price target on shares of Canadian Natural Resources from C$59.00 to C$62.00 in a research note on Thursday, April 10th. Royal Bank of Canada boosted their price target on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Finally, Raymond James upgraded shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating and cut their price objective for the company from C$52.00 to C$49.00 in a report on Wednesday, April 9th. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Canadian Natural Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of C$54.08.

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.