Canadian Natural Resources (TSE:CNQ) Insider Trevor Wagil Sells 2,469 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Trevor Wagil sold 2,469 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The shares were sold at an average price of C$45.19, for a total value of C$111,574.11. Following the sale, the insider owned 14,779 shares in the company, valued at C$667,863.01. The trade was a 14.31% decrease in their position.

Canadian Natural Resources Price Performance

Shares of CNQ opened at C$49.47 on Friday. Canadian Natural Resources Limited has a 52 week low of C$34.92 and a 52 week high of C$49.95. 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 cap of C$103.05 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 0.53 and a beta of 0.71. The stock has a 50 day moving average of C$46.27 and a 200-day moving average of C$44.49.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.86 earnings per share (EPS) for the quarter. The business had revenue of C$9.52 billion for the quarter. Canadian Natural Resources had a return on equity of 19.14% and a net margin of 21.25%. As a group, analysts forecast that Canadian Natural Resources Limited will post 3.833989 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CNQ shares. Raymond James Financial lifted their target price on Canadian Natural Resources from C$55.00 to C$56.00 in a research note on Monday, November 10th. National Bankshares reduced their price objective on Canadian Natural Resources from C$48.00 to C$47.00 and set a “sector perform” rating for the company in a research report on Friday, January 9th. Royal Bank Of Canada dropped their target price on Canadian Natural Resources from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 13th. Scotiabank raised 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. Finally, Desjardins set a C$52.00 price target on shares of Canadian Natural Resources and gave the stock a “hold” rating in a research report on Wednesday, December 17th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Canadian Natural Resources has a consensus rating of “Hold” and a consensus price target of C$53.36.

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.