Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Mark Allen Stainthorpe sold 81,000 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of C$44.98, for a total transaction of C$3,643,380.00.
Canadian Natural Resources Stock Performance
Shares of CNQ stock traded down C$0.81 during trading on Thursday, reaching C$44.33. The company had a trading volume of 8,999,917 shares, compared to its average volume of 7,816,355. The company has a market capitalization of C$94.42 billion, a PE ratio of 12.63, a PEG ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. The firm's 50 day simple moving average is C$45.88 and its two-hundred day simple moving average is C$47.19. Canadian Natural Resources Limited has a one year low of C$40.02 and a one year high of C$56.49.
Analyst Ratings Changes
A number of equities research analysts have commented on CNQ shares. TD Securities set a C$58.00 price objective on Canadian Natural Resources and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. CIBC raised their price target on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a report on Wednesday, October 9th. ATB Capital upped their price objective on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an "outperform" rating in a research note on Tuesday, October 8th. Desjardins raised shares of Canadian Natural Resources from a "hold" rating to a "buy" rating and lifted their target price for the company from C$56.00 to C$59.00 in a research note on Tuesday, October 8th. Finally, Jefferies Financial Group upped their price target on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a research note on Friday, October 11th. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$71.88.
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Canadian Natural Resources Company Profile
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Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).
Further Reading
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