Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Jay Ellery Froc Sells 12,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Jay Ellery Froc sold 12,000 shares of the stock in a transaction dated Friday, June 13th. The shares were sold at an average price of C$45.49, for a total value of C$545,880.00.

Jay Ellery Froc also recently made the following trade(s):

• On Monday, March 17th, Jay Ellery Froc sold 4,500 shares of Canadian Natural Resources stock. The stock was sold at an average price of C$42.89, for a total value of C$193,005.00.

Canadian Natural Resources Stock Up 1.8%

CNQ opened at C$45.90 on Friday. Canadian Natural Resources Limited has a 12 month low of C$34.92 and a 12 month high of C$52.15. The company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54. The stock has a market cap of C$96.33 billion, a P/E ratio of 12.74, a P/E/G ratio of 0.53 and a beta of 1.89. The stock’s 50 day moving average price is C$41.40 and its 200 day moving average price is C$42.96.

Analysts Set New Price Targets

A number of research firms recently issued reports on CNQ. Wells Fargo & Company raised their price target on Canadian Natural Resources from C$40.00 to C$42.00 in a research note on Thursday, May 22nd. CIBC lifted their target price on Canadian Natural Resources from C$59.00 to C$62.00 in a research note on Thursday, April 10th. Raymond James raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating and reduced their price target for the company from C$52.00 to C$49.00 in a report on Wednesday, April 9th. National Bankshares reduced their price objective on Canadian Natural Resources from C$51.00 to C$49.00 and set a “sector perform” rating for the company in a report on Friday, March 7th. Finally, Royal Bank of Canada lifted their price objective on Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$54.25.

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.