Canadian Natural Resources (TSE:CNQ) Director Gordon Giffin Sells 25,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Gordon Giffin sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, March 24th. The shares were sold at an average price of C$68.01, for a total transaction of C$1,700,250.00. Following the sale, the director owned 171,210 shares of the company’s stock, valued at approximately C$11,643,992.10. This represents a 12.74% decrease in their ownership of the stock.

Canadian Natural Resources Trading Up 2.9%

Shares of TSE CNQ opened at C$69.46 on Friday. The firm’s 50 day moving average price is C$58.15 and its 200-day moving average price is C$49.65. The company has a market cap of C$144.89 billion, a PE ratio of 13.46, a P/E/G ratio of 0.53 and a beta of 0.81. Canadian Natural Resources Limited has a 52-week low of C$34.92 and a 52-week high of C$70.44. The company has a debt-to-equity ratio of 44.46, a quick ratio of 0.54 and a current ratio of 0.95.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings results on Thursday, March 5th. The company reported C$0.82 earnings per share for the quarter. Canadian Natural Resources had a net margin of 26.06% and a return on equity of 25.98%. The company had revenue of C$9.61 billion during the quarter. On average, equities research analysts expect that Canadian Natural Resources Limited will post 3.833989 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CNQ. Desjardins upped their price target on Canadian Natural Resources from C$52.00 to C$56.00 and gave the company a “hold” rating in a report on Monday, March 9th. Morgan Stanley decreased their target price on Canadian Natural Resources from C$51.00 to C$50.00 in a research report on Friday, January 23rd. Evercore downgraded shares of Canadian Natural Resources from an “outperform” rating to a “hold” rating and set a C$50.00 price target on the stock. in a report on Tuesday, January 6th. Gerdes Energy Research cut shares of Canadian Natural Resources from a “buy” rating to a “neutral” rating in a report on Thursday, February 12th. Finally, BMO Capital Markets raised their target price on shares of Canadian Natural Resources from C$50.00 to C$70.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Moderate Buy” and an average price target of C$58.77.

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.