Canadian Natural Resources (TSE:CNQ) Insider Ronald Keith Laing Sells 20,000 Shares of 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 on Monday, October 6th. The shares were sold at an average price of C$45.17, for a total value of C$903,400.00. Following the completion of the transaction, the insider owned 2,049 shares of the company’s stock, valued at C$92,553.33. This trade represents a 90.71% decrease in their ownership of the stock.

Canadian Natural Resources Stock Down 4.2%

Shares of TSE CNQ opened at C$43.97 on Friday. Canadian Natural Resources Limited has a 52-week low of C$34.92 and a 52-week high of C$52.15. The firm has a fifty day moving average of C$43.38 and a 200-day moving average of C$42.68. The stock has a market capitalization of C$91.48 billion, a PE ratio of 11.16, a P/E/G ratio of 0.53 and a beta of 0.88. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CNQ shares. Scotiabank upped their price target on shares of Canadian Natural Resources from C$54.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Thursday. Raymond James Financial upped their price target on shares of Canadian Natural Resources from C$52.00 to C$54.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Royal Bank Of Canada decreased their price target on shares of Canadian Natural Resources from C$64.00 to C$62.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Finally, Wells Fargo & Company upped their price target on shares of Canadian Natural Resources from C$42.00 to C$46.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$54.64.

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.