Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 4,500 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Senior Officer Jay Ellery Froc sold 4,500 shares of Canadian Natural Resources stock in a transaction dated Monday, March 17th. The shares were sold at an average price of C$42.89, for a total value of C$193,005.00.

Canadian Natural Resources Trading Down 1.5 %

Shares of CNQ traded down C$0.66 during mid-day trading on Friday, hitting C$43.47. 18,388,817 shares of the company's stock traded hands, compared to its average volume of 12,325,493. 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 firm has a market capitalization of C$91.23 billion, a P/E ratio of 12.07, a PEG ratio of 0.53 and a beta of 1.89. The business's 50-day moving average price is C$43.19 and its 200-day moving average price is C$45.40. Canadian Natural Resources Limited has a 1 year low of C$37.11 and a 1 year high of C$56.49.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CNQ shares. Tudor Pickering downgraded shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Monday, February 10th. Jefferies Financial Group cut their price objective on Canadian Natural Resources from C$54.00 to C$50.00 in a report on Thursday, January 30th. Raymond James raised their price objective on Canadian Natural Resources from C$51.00 to C$52.00 and gave the company a "market perform" rating in a report on Friday, March 7th. TD Securities set a C$58.00 target price on Canadian Natural Resources and gave the stock a "buy" rating in a research report on Tuesday, December 3rd. Finally, Royal Bank of Canada increased their price target on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources presently has a consensus rating of "Moderate Buy" and an average price target 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.