Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$184,046.95 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Trevor Wagil sold 4,504 shares of Canadian Natural Resources stock in a transaction that occurred 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 1.5 %

Shares of TSE CNQ opened at C$42.02 on Thursday. The stock has a market cap of C$88.18 billion, a P/E ratio of 11.67, a price-to-earnings-growth 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. Canadian Natural Resources Limited has a 1 year low of C$37.11 and a 1 year high of C$56.49. The firm has a 50-day moving average of C$43.61 and a 200 day moving average of C$45.65.

Wall Street Analysts Forecast Growth

CNQ has been the topic of a number of analyst reports. Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Evercore ISI upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Royal Bank of Canada increased their target price on Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a report on Friday, March 7th. TD Securities set a C$58.00 price target on Canadian Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets lowered their price objective on Canadian Natural Resources from C$60.00 to C$58.00 in a research report on Friday, December 13th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$68.60.

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.