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 shares were sold at an average price of C$40.86, for a total value of C$184,046.95.

Canadian Natural Resources Trading Down 1.5 %

Shares of TSE:CNQ opened at C$41.39 on Friday. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84. The stock has a market capitalization of C$86.86 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 0.53 and a beta of 1.89. Canadian Natural Resources Limited has a 1-year low of C$37.11 and a 1-year high of C$56.49. The company has a 50 day moving average price of C$43.53 and a 200 day moving average price of C$45.60.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wells Fargo & Company cut their target price on Canadian Natural Resources from C$50.00 to C$44.00 in a research note on Friday, March 7th. BMO Capital Markets lowered their price target on Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. TD Securities set a C$58.00 price objective on shares of Canadian Natural Resources and gave the stock a “buy” rating in a report on Tuesday, December 3rd. Gerdes Energy Research raised shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research note on Monday, December 16th. 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 note on Thursday, January 30th. 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.