Brenda Gayle Balog Sells 4,500 Shares of Canadian Natural Resources (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Brenda Gayle Balog sold 4,500 shares of Canadian Natural Resources stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of C$45.55, for a total value of C$204,975.00. Following the completion of the transaction, the insider owned 47,965 shares in the company, valued at C$2,184,805.75. This represents a 8.58% decrease in their ownership of the stock.

Canadian Natural Resources Price Performance

Shares of CNQ stock opened at C$42.19 on Monday. The stock’s 50-day moving average is C$43.43 and its 200 day moving average is C$42.63. Canadian Natural Resources Limited has a 1-year low of C$34.92 and a 1-year high of C$49.68. 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 has a market cap of C$87.78 billion, a P/E ratio of 10.71, a PEG ratio of 0.53 and a beta of 0.88.

Analyst Ratings Changes

Several equities analysts have issued reports on CNQ shares. Wells Fargo & Company set a C$47.00 target price on Canadian Natural Resources and gave the company an “equal weight” rating in a research note on Friday. Royal Bank Of Canada cut their target price on Canadian Natural Resources from C$64.00 to C$62.00 and set an “outperform” rating on the stock in a research note on Friday, August 8th. Raymond James Financial lifted their target price on Canadian Natural Resources from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research note on Friday, August 8th. Finally, Scotiabank lifted their target price on Canadian Natural Resources from C$54.00 to C$58.00 and gave the company an “outperform” rating in a research note on Thursday, October 9th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$54.73.

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.