Canadian Natural Resources (TSE:CNQ) Insider Sells C$112,554.96 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Brenda Gayle Balog sold 2,252 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of C$49.98, for a total transaction of C$112,554.96. Following the transaction, the insider owned 47,965 shares in the company, valued at approximately C$2,397,290.70. The trade was a 4.48% decrease in their position.

Canadian Natural Resources Stock Up 1.8%

Shares of CNQ traded up C$0.96 on Friday, reaching C$55.39. The company’s stock had a trading volume of 3,877,198 shares, compared to its average volume of 11,414,168. The stock has a market capitalization of C$115.38 billion, a PE ratio of 17.47, a PEG ratio of 0.53 and a beta of 0.70. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79. Canadian Natural Resources Limited has a twelve month low of C$34.92 and a twelve month high of C$55.50. The firm has a fifty day moving average of C$47.70 and a 200-day moving average of C$45.43.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.86 EPS for the quarter. Canadian Natural Resources had a return on equity of 19.14% and a net margin of 21.25%.The firm had revenue of C$9.52 billion during the quarter. Equities analysts predict that Canadian Natural Resources Limited will post 3.833989 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Morgan Stanley cut their price objective on shares of Canadian Natural Resources from C$51.00 to C$50.00 in a report on Friday, January 23rd. Royal Bank Of Canada decreased their price objective on shares of Canadian Natural Resources from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research note on Tuesday, January 13th. Gerdes Energy Research downgraded Canadian Natural Resources from a “buy” rating to a “neutral” rating in a research note on Thursday. TD Securities upped their target price on Canadian Natural Resources from C$53.00 to C$54.00 in a report on Monday, November 10th. Finally, Desjardins set a C$52.00 price target on Canadian Natural Resources and gave the stock a “hold” rating in a report on Wednesday, December 17th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of C$54.40.

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.