Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 4,504 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Trevor Wagil sold 4,504 shares of the company's stock in a transaction on Monday, March 10th. The stock was sold at an average price of C$40.86, for a total transaction of C$184,046.95.

Canadian Natural Resources Trading Up 2.0 %

TSE:CNQ traded up C$0.82 on Friday, reaching C$42.21. The stock had a trading volume of 15,763,145 shares, compared to its average volume of 11,186,204. The company has a market cap of C$88.58 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54. The firm's fifty day moving average is C$43.47 and its two-hundred day moving average is C$45.54. Canadian Natural Resources Limited has a 12-month low of C$37.11 and a 12-month high of C$56.49.

Analysts Set New Price Targets

CNQ has been the subject of a number of analyst reports. Tudor Pickering downgraded shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research report on Monday, February 10th. TD Securities set a C$58.00 price objective on shares of Canadian Natural Resources and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. BMO Capital Markets cut their price objective on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a research report on Friday, December 13th. Jefferies Financial Group cut their price objective on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. Finally, National Bankshares cut their price objective on shares of 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. Six equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$68.60.

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.