Insider Selling: Canadian Natural Resources (TSE:CNQ) Insider Sells 20,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Ronald Keith Laing sold 20,000 shares of the stock in a transaction that occurred on Wednesday, January 28th. The shares were sold at an average price of C$49.83, for a total value of C$996,600.00. Following the sale, the insider owned 2,049 shares of the company’s stock, valued at approximately C$102,101.67. The trade was a 90.71% decrease in their position.

Canadian Natural Resources Stock Performance

Shares of CNQ stock traded up C$0.96 during trading hours on Friday, reaching C$55.39. 3,877,198 shares of the company’s stock were exchanged, compared to its average volume of 11,414,168. 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 company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. The stock has a market capitalization of C$115.38 billion, a P/E ratio of 17.47, a P/E/G ratio of 0.53 and a beta of 0.70. The business has a fifty 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 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 net margin of 21.25% and a return on equity of 19.14%. Analysts predict that Canadian Natural Resources Limited will post 3.833989 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CNQ has been the topic of a number of recent research reports. Evercore downgraded Canadian Natural Resources from an “outperform” rating to a “hold” rating and set a C$50.00 target price on the stock. in a research report on Tuesday, January 6th. Desjardins set a C$52.00 target price on Canadian Natural Resources and gave the company a “hold” rating in a research note on Wednesday, December 17th. Raymond James Financial boosted their price target on shares of Canadian Natural Resources from C$55.00 to C$56.00 in a report on Monday, November 10th. National Bank Financial lifted their target price on shares of Canadian Natural Resources from C$47.00 to C$54.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 3rd. Finally, Wells Fargo & Company set a C$47.00 price objective on Canadian Natural Resources and gave the company an “equal weight” rating in a report on Friday, October 17th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target 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.