Canadian Natural Resources (TSE:CNQ) Insider Brenda Gayle Balog Sells 2,252 Shares

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Brenda Gayle Balog sold 2,252 shares of Canadian Natural Resources stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of C$49.98, for a total value of C$112,554.96. Following the completion of the transaction, the insider owned 47,965 shares in the company, valued at approximately C$2,397,290.70. This represents a 4.48% decrease in their position.

Canadian Natural Resources Price Performance

Shares of CNQ stock traded up C$0.96 on Friday, reaching C$55.39. The company had a trading volume of 3,877,198 shares, compared to its average volume of 11,414,168. The business’s 50-day moving average is C$47.70 and its 200 day moving average is C$45.43. Canadian Natural Resources Limited has a one year low of C$34.92 and a one year high of C$55.50. 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 stock has a market capitalization of C$115.38 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 0.53 and a beta of 0.70.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.86 EPS for the quarter. Canadian Natural Resources had a net margin of 21.25% and a return on equity of 19.14%. The business had revenue of C$9.52 billion during the quarter. Equities research analysts forecast that Canadian Natural Resources Limited will post 3.833989 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wells Fargo & Company set a C$47.00 target price on Canadian Natural Resources and gave the stock an “equal weight” rating in a report on Friday, October 17th. Royal Bank Of Canada lowered their price objective on Canadian Natural Resources from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. TD Securities lifted their target price on shares of Canadian Natural Resources from C$53.00 to C$54.00 in a research report on Monday, November 10th. Raymond James Financial boosted their target price on shares of Canadian Natural Resources from C$55.00 to C$56.00 in a report on Monday, November 10th. Finally, Gerdes Energy Research cut shares of Canadian Natural Resources from a “buy” rating to a “neutral” rating in a research report on Thursday. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of C$54.40.

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.