Canadian Natural Resources (TSE:CNQ) Insider Sells C$111,879.36 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Erin Louise Lunn sold 2,252 shares of the business’s stock in a transaction dated Wednesday, January 28th. The stock was sold at an average price of C$49.68, for a total transaction of C$111,879.36. Following the completion of the sale, the insider owned 51,142 shares in the company, valued at approximately C$2,540,734.56. This trade represents a 4.22% decrease in their ownership of the stock.

Canadian Natural Resources Price Performance

Shares of TSE CNQ traded down C$0.23 during mid-day trading on Friday, hitting C$58.00. 13,217,956 shares of the company’s stock traded hands, compared to its average volume of 11,421,877. The company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54. Canadian Natural Resources Limited has a 1 year low of C$34.92 and a 1 year high of C$59.08. The company’s 50-day moving average is C$48.75 and its two-hundred day moving average is C$45.89. The company has a market capitalization of C$120.82 billion, a P/E ratio of 18.30, a PEG ratio of 0.53 and a beta of 0.70.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CNQ. Desjardins set a C$52.00 price objective on Canadian Natural Resources and gave the company a “hold” rating in a research note on Wednesday, December 17th. Raymond James Financial increased their price target on Canadian Natural Resources from C$55.00 to C$56.00 in a report on Monday, November 10th. Gerdes Energy Research downgraded Canadian Natural Resources from a “buy” rating to a “neutral” rating in a research report on Thursday, February 12th. Evercore lowered shares of Canadian Natural Resources from an “outperform” rating to a “hold” rating and set a C$50.00 price objective for the company. in a research note on Tuesday, January 6th. Finally, National Bank Financial boosted their price objective on shares of Canadian Natural Resources from C$47.00 to C$54.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average 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.