Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Calvin John Bast Sells 7,500 Shares

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Calvin John Bast sold 7,500 shares of Canadian Natural Resources stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of C$41.80, for a total transaction of C$313,500.00.

Canadian Natural Resources Stock Performance

Shares of TSE CNQ traded down C$0.61 during midday trading on Thursday, hitting C$41.41. The company’s stock had a trading volume of 6,254,221 shares, compared to its average volume of 10,560,938. The stock has a fifty day moving average price of C$43.61 and a 200 day moving average price of C$45.65. The firm has a market capitalization of C$86.90 billion, a price-to-earnings ratio of 11.50, a P/E/G ratio of 0.53 and a beta of 1.89. Canadian Natural Resources Limited has a one year low of C$37.11 and a one year high of C$56.49. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79.

Wall Street Analyst Weigh In

CNQ has been the subject of several research reports. Tudor Pickering downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. National Bankshares reduced their target price on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a “sector perform” rating on the stock in a report on Friday, March 7th. Wells Fargo & Company decreased 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 cut their price target on Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Finally, Gerdes Energy Research upgraded shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research note on Monday, December 16th. Six investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$68.60.

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.