Insider Selling: Canadian Natural Resources (TSE:CNQ) Insider Sells 7,456 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Kyle Grayson Pisio sold 7,456 shares of Canadian Natural Resources stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of C$50.11, for a total transaction of C$373,620.16. Following the sale, the insider directly owned 26,089 shares in the company, valued at approximately C$1,307,319.79. This trade represents a 22.23% decrease in their position.

Canadian Natural Resources Trading Up 1.8%

Canadian Natural Resources stock traded up C$0.96 during midday trading on Friday, hitting C$55.39. 3,877,198 shares of the stock were exchanged, compared to its average volume of 11,414,168. Canadian Natural Resources Limited has a fifty-two week low of C$34.92 and a fifty-two week high of C$55.50. The stock has a market capitalization of C$115.38 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 0.53 and a beta of 0.70. The stock’s 50-day simple moving average is C$47.70 and its 200 day simple moving average is C$45.43. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.86 earnings per share for the quarter. The business had revenue of C$9.52 billion during the quarter. Canadian Natural Resources had a return on equity of 19.14% and a net margin of 21.25%. On average, equities analysts anticipate that Canadian Natural Resources Limited will post 3.833989 EPS for the current year.

Wall Street Analyst Weigh In

CNQ has been the subject of several research reports. Royal Bank Of Canada reduced their price target 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. National Bank Financial boosted their target price on shares of Canadian Natural Resources from C$47.00 to C$54.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 3rd. Evercore downgraded Canadian Natural Resources from an “outperform” rating to a “hold” rating and set a C$50.00 target price on the stock. in a research report on Tuesday, January 6th. Wells Fargo & Company set a C$47.00 price objective on shares of Canadian Natural Resources and gave the stock an “equal weight” rating in a research note on Friday, October 17th. Finally, Raymond James Financial boosted their target price on shares of Canadian Natural Resources from C$55.00 to C$56.00 in a research note on Monday, November 10th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus 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.