Canadian Natural Resources (TSE:CNQ) Insider Sells C$373,620.16 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Kyle Grayson Pisio sold 7,456 shares of Canadian Natural Resources stock in a transaction dated Wednesday, January 28th. The shares were sold at an average price of C$50.11, for a total transaction of C$373,620.16. Following the completion of the sale, the insider owned 26,089 shares in the company, valued at approximately C$1,307,319.79. This represents a 22.23% decrease in their ownership of the stock.

Canadian Natural Resources Price Performance

Shares of CNQ traded up C$0.96 during mid-day trading on Friday, hitting 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 company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54. Canadian Natural Resources Limited has a fifty-two week low of C$34.92 and a fifty-two week high of C$55.50. The stock has a market capitalization of C$115.38 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 0.53 and a beta of 0.70. The firm has a 50-day moving average price of C$47.70 and a 200 day moving average price of C$45.43.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on CNQ shares. Gerdes Energy Research cut shares of Canadian Natural Resources from a “buy” rating to a “neutral” rating in a research report on Thursday. TD Securities raised their price objective on shares of Canadian Natural Resources from C$53.00 to C$54.00 in a research report on Monday, November 10th. Raymond James Financial increased their price objective on shares of Canadian Natural Resources from C$55.00 to C$56.00 in a research note on Monday, November 10th. Morgan Stanley cut their target price on shares of Canadian Natural Resources from C$51.00 to C$50.00 in a research report on Friday, January 23rd. Finally, National Bank Financial raised their target price on Canadian Natural Resources from C$47.00 to C$54.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 3rd. Three research 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 company currently has an average rating of “Hold” and a consensus target price of C$54.40.

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.