Canadian Natural Resources (TSE:CNQ) Director Acquires C$49,941.96 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Shelley Ann Marie Brown purchased 709 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The stock was bought at an average cost of C$70.44 per share, with a total value of C$49,941.96. Following the acquisition, the director owned 1,780 shares of the company’s stock, valued at approximately C$125,383.20. The trade was a 66.20% increase in their position.

Canadian Natural Resources Stock Performance

TSE CNQ opened at C$70.83 on Friday. The stock’s fifty day moving average is C$66.78 and its two-hundred day moving average is C$64.38. The firm has a market capitalization of C$146.02 billion, a P/E ratio of 12.60, a price-to-earnings-growth ratio of 0.53 and a beta of 0.32. The company has a debt-to-equity ratio of 36.64, a quick ratio of 0.54 and a current ratio of 1.00. Canadian Natural Resources Limited has a fifty-two week low of C$41.67 and a fifty-two week high of C$72.35.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its earnings results on Thursday, August 6th. The company reported C$2.19 earnings per share (EPS) for the quarter. Canadian Natural Resources had a return on equity of 26.67% and a net margin of 24.93%.The company had revenue of C$14.74 billion during the quarter. On average, research analysts anticipate that Canadian Natural Resources Limited will post 3.833989 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Canadian Natural Resources from C$67.00 to C$75.00 in a research note on Wednesday, August 12th. Scotiabank raised shares of Canadian Natural Resources to a “hold” rating in a research report on Friday, June 26th. Royal Bank Of Canada lowered their price objective on Canadian Natural Resources from C$80.00 to C$79.00 in a research report on Wednesday, July 15th. Raymond James Financial lifted their target price on Canadian Natural Resources from C$66.00 to C$70.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Canadian Imperial Bank of Commerce upped their price target on Canadian Natural Resources from C$70.00 to C$75.00 in a research note on Thursday, August 27th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$67.12.

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.