Calvin John Bast Sells 7,000 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Calvin John Bast sold 7,000 shares of the company’s stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of C$44.79, for a total transaction of C$313,534.90.

Calvin John Bast also recently made the following trade(s):

• On Wednesday, March 26th, Calvin John Bast sold 10,000 shares of Canadian Natural Resources stock. The stock was sold at an average price of C$44.75, for a total transaction of C$447,500.00.

Canadian Natural Resources Trading Up 1.8%

Shares of TSE CNQ opened at C$45.90 on Friday. Canadian Natural Resources Limited has a one year low of C$34.92 and a one year high of C$52.15. The business has a 50-day moving average price of C$41.40 and a two-hundred day moving average price of C$42.96. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79. The firm has a market capitalization of C$96.33 billion, a PE ratio of 12.74, a PEG ratio of 0.53 and a beta of 1.89.

Analyst Upgrades and Downgrades

CNQ has been the subject of a number of analyst reports. Scotiabank upgraded 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 upgraded Canadian Natural Resources from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from C$52.00 to C$49.00 in a report on Wednesday, April 9th. Evercore ISI upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Wells Fargo & Company upped their price target on Canadian Natural Resources from C$40.00 to C$42.00 in a report on Thursday, May 22nd. Finally, Royal Bank of Canada upped their price target on 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. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.