Insider Selling: Canadian Natural Resources (TSE:CNQ) Insider Sells C$996,600.00 in Stock

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

Canadian Natural Resources Stock Up 1.8%

TSE:CNQ traded up C$0.96 on Friday, hitting C$55.39. 3,877,198 shares of the company’s stock traded hands, compared to its average volume of 11,414,168. The company has a market cap of C$115.38 billion, a PE ratio of 17.47, a price-to-earnings-growth ratio of 0.53 and a beta of 0.70. Canadian Natural Resources Limited has a 1 year low of C$34.92 and a 1 year high of C$55.50. 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 firm has a 50-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 posted its quarterly earnings results on Thursday, November 6th. The company reported C$0.86 earnings per share (EPS) for the quarter. Canadian Natural Resources had a net margin of 21.25% and a return on equity of 19.14%. The business had revenue of C$9.52 billion during the quarter. Equities analysts anticipate that Canadian Natural Resources Limited will post 3.833989 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on CNQ. Evercore downgraded shares of Canadian Natural Resources from an “outperform” rating to a “hold” rating and set a C$50.00 price target on the stock. in a research note on Tuesday, January 6th. Morgan Stanley dropped their target price on Canadian Natural Resources from C$51.00 to C$50.00 in a research report on Friday, January 23rd. Wells Fargo & Company set a C$47.00 price target on Canadian Natural Resources and gave the company an “equal weight” rating in a report on Friday, October 17th. Gerdes Energy Research downgraded Canadian Natural Resources from a “buy” rating to a “neutral” rating in a report on Thursday. Finally, Royal Bank Of Canada decreased their target price on shares of Canadian Natural Resources from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research report on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, Canadian Natural Resources currently has an average rating of “Hold” and an average target price of C$54.40.

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.