Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 20,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Robin Sean Zabek sold 20,000 shares of Canadian Natural Resources stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of C$44.90, for a total transaction of C$898,000.00.

Canadian Natural Resources Price Performance

Shares of TSE CNQ opened at C$45.90 on Monday. Canadian Natural Resources Limited has a 1 year low of C$34.92 and a 1 year high of C$52.15. The company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54. The company’s 50-day moving average is C$41.40 and its 200 day moving average is C$42.90. The stock has a market capitalization of C$96.33 billion, a P/E ratio of 12.74, a P/E/G ratio of 0.53 and a beta of 1.89.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on CNQ shares. Royal Bank of Canada lifted their price objective on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Scotiabank raised shares of Canadian Natural Resources from a “sector perform” rating to an “outperform” rating and set a C$56.00 price target for the company in a report on Wednesday, March 19th. Raymond James raised shares of Canadian Natural Resources from a “market perform” rating to an “outperform” rating and cut their price target for the company from C$52.00 to C$49.00 in a report on Wednesday, April 9th. Desjardins dropped their price objective on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Finally, Evercore ISI raised shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian Natural Resources has a consensus rating of “Moderate Buy” and a consensus price target of C$54.25.

Canadian Natural Resources Company Profile

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.