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

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Calvin John Bast sold 10,000 shares of Canadian Natural Resources stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of C$44.75, for a total transaction of C$447,500.00.

Calvin John Bast also recently made the following trade(s):

• On Thursday, March 13th, Calvin John Bast sold 7,500 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$41.80, for a total value of C$313,500.00.

Canadian Natural Resources Trading Down 1.2 %

Shares of TSE:CNQ traded down C$0.55 during midday trading on Friday, hitting C$43.73. 21,330,309 shares of the stock traded hands, compared to its average volume of 13,163,601. Canadian Natural Resources Limited has a one year low of C$37.11 and a one year high of C$56.49. The stock has a market capitalization of C$91.77 billion, a PE ratio of 12.14, a P/E/G ratio of 0.53 and a beta of 1.89. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. The business's 50 day moving average is C$43.04 and its two-hundred day moving average is C$45.25.

Wall Street Analysts Forecast Growth

CNQ has been the subject of several analyst reports. Gerdes Energy Research upgraded Canadian Natural Resources from a "neutral" rating to a "buy" rating in a research note on Monday, December 16th. Raymond James raised their price objective on shares of Canadian Natural Resources from C$51.00 to C$52.00 and gave the company a "market perform" rating in a research report on Friday, March 7th. Royal Bank of Canada upped their target price on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an "outperform" rating in a report on Friday, March 7th. TD Securities set a C$58.00 price target on shares of Canadian Natural Resources and gave the company a "buy" rating in a report on Tuesday, December 3rd. Finally, Jefferies Financial Group reduced their price target on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$68.53.

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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.