Canadian Natural Resources (TSE:CNQ) Insider Sells C$45,488.56 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Stephanie Ann Graham sold 916 shares of Canadian Natural Resources stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of C$49.66, for a total value of C$45,488.56. Following the sale, the insider directly owned 16,367 shares in the company, valued at approximately C$812,785.22. This trade represents a 5.30% decrease in their position.

Stephanie Ann Graham also recently made the following trade(s):

• On Monday, February 2nd, Stephanie Ann Graham sold 1,930 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$49.19, for a total value of C$94,936.70.

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock traded down C$0.23 during mid-day trading on Friday, hitting C$58.00. 13,217,956 shares of the company’s stock traded hands, compared to its average volume of 11,421,877. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. Canadian Natural Resources Limited has a one year low of C$34.92 and a one year high of C$59.08. The firm has a 50 day moving average price of C$48.75 and a 200 day moving average price of C$45.89. The company has a market cap of C$120.82 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 0.53 and a beta of 0.70.

Analyst Ratings Changes

CNQ has been the subject of a number of recent analyst reports. National Bank Financial increased 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. Morgan Stanley decreased 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 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 report on Tuesday, January 13th. Desjardins set a C$52.00 target price on Canadian Natural Resources and gave the stock a “hold” rating in a research report on Wednesday, December 17th. Finally, TD Securities increased their price target on Canadian Natural Resources from C$53.00 to C$54.00 in a research note on Monday, November 10th. 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 company currently has a consensus 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.