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 on Thursday, March 13th. The shares were sold at an average price of C$41.80, for a total value of C$313,500.00.

Canadian Natural Resources Trading Down 1.5 %

Shares of TSE CNQ traded down C$0.61 during mid-day trading on Thursday, hitting C$41.41. The stock had a trading volume of 6,254,221 shares, compared to its average volume of 10,560,938. The firm has a market cap of C$86.90 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84. The business has a 50 day moving average price of C$43.61 and a two-hundred day moving average price of C$45.65. Canadian Natural Resources Limited has a 1 year low of C$37.11 and a 1 year high of C$56.49.

Wall Street Analyst Weigh In

CNQ has been the subject of a number of research analyst reports. BMO Capital Markets dropped their price target on Canadian Natural Resources from C$60.00 to C$58.00 in a research report on Friday, December 13th. Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. National Bankshares lowered their price objective 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 research report on Friday, March 7th. 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 stock an “outperform” rating in a report on Friday, March 7th. Finally, Wells Fargo & Company lowered their price target on Canadian Natural Resources from C$50.00 to C$44.00 in a research report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Canadian Natural Resources 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.