Calvin John Bast Sells 7,500 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Calvin John Bast sold 7,500 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of C$41.80, for a total value of C$313,500.00.

Canadian Natural Resources Stock Up 2.0 %

Shares of TSE:CNQ opened at C$42.21 on Friday. The firm has a 50 day simple moving average of C$43.47 and a 200-day simple moving average of C$45.56. Canadian Natural Resources Limited has a twelve month low of C$37.11 and a twelve 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. The company has a market capitalization of C$88.58 billion, a PE ratio of 11.72, a P/E/G ratio of 0.53 and a beta of 1.89.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on CNQ shares. Royal Bank of Canada boosted their price target on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. BMO Capital Markets reduced their target price on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Jefferies Financial Group decreased their price target on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. Evercore ISI upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Finally, National Bankshares cut their price target on Canadian Natural Resources from C$51.00 to C$49.00 and set a “sector perform” rating on the stock in a report on Friday, March 7th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$68.60.

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.