Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$447,500.00 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Calvin John Bast sold 10,000 shares of the firm’s stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of C$44.75, for a total value of C$447,500.00.

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

• On Thursday, March 13th, Calvin John Bast sold 7,500 shares of Canadian Natural Resources stock. The stock was sold at an average price of C$41.80, for a total value of C$313,500.00.

Canadian Natural Resources Stock Down 1.2 %

Shares of TSE CNQ opened at C$43.73 on Friday. The company’s 50 day moving average price is C$43.04 and its 200-day moving average price is C$45.25. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84. Canadian Natural Resources Limited has a 52-week low of C$37.11 and a 52-week high of C$56.49. The company has a market capitalization of C$91.77 billion, a P/E ratio of 12.14, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89.

Wall Street Analyst Weigh In

Several research analysts have commented on CNQ shares. National Bankshares lowered their target price on Canadian Natural Resources from C$51.00 to C$49.00 and set a “sector perform” rating for the company in a research note on Friday, March 7th. Jefferies Financial Group lowered their price objective on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. 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. Evercore ISI upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Finally, BMO Capital Markets cut their price objective on Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Five investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$68.53.

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.