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 dated Wednesday, March 26th. The stock was sold at an average price of C$44.75, for a total transaction 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 shares were sold at an average price of C$41.80, for a total transaction of C$313,500.00.

Canadian Natural Resources Stock Up 0.5 %

TSE CNQ traded up C$0.23 during trading on Wednesday, hitting C$44.68. 6,107,812 shares of the company traded hands, compared to its average volume of 12,817,478. The company has a market capitalization of C$93.77 billion, a P/E ratio of 12.40, a PEG ratio of 0.53 and a beta of 1.89. The business has a fifty day simple moving average of C$43.07 and a 200 day simple moving average of C$45.29. Canadian Natural Resources Limited has a 12 month low of C$37.11 and a 12 month high of C$56.49. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79.

Analyst Upgrades and Downgrades

CNQ has been the topic of several research analyst reports. Gerdes Energy Research upgraded shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research report on Monday, December 16th. Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Raymond James increased their price objective on Canadian Natural Resources from C$51.00 to C$52.00 and gave the stock a “market perform” rating in a research note on Friday, March 7th. TD Securities set a C$58.00 target price on Canadian Natural Resources and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Finally, National Bankshares reduced their price target on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a “sector perform” rating for the company in a research report on Friday, March 7th. Five research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Canadian Natural Resources presently has a consensus rating of “Moderate Buy” and a consensus price target 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.