Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$898,000.00 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Robin Sean Zabek sold 20,000 shares of the firm’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of C$44.90, for a total value of C$898,000.00.

Canadian Natural Resources Price Performance

Shares of TSE:CNQ opened at C$46.43 on Wednesday. Canadian Natural Resources Limited has a fifty-two week low of C$34.92 and a fifty-two week high of C$52.15. The business has a 50-day simple moving average of C$41.73 and a two-hundred day simple moving average of C$42.91. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84. The firm has a market cap of C$97.44 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89.

Wall Street Analysts Forecast Growth

CNQ has been the subject of several recent analyst reports. CIBC lifted their price target on Canadian Natural Resources from C$59.00 to C$62.00 in a research report on Thursday, April 10th. National Bankshares lowered their price target on Canadian Natural Resources from C$51.00 to C$49.00 and set a “sector perform” rating for the company in a research report on Friday, March 7th. Evercore ISI raised Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. Scotiabank raised Canadian Natural Resources from a “sector perform” rating to an “outperform” rating and set a C$56.00 price target for the company in a research report on Wednesday, March 19th. Finally, Raymond James Financial raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating and lowered their price target for the stock from C$52.00 to C$49.00 in a research report on Wednesday, April 9th. Five analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Canadian Natural Resources presently has a consensus rating of “Moderate Buy” and an average target price of C$54.25.

About Canadian Natural Resources

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.