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

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Calvin John Bast sold 7,500 shares of the firm’s stock in a transaction that occurred 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 Trading Down 1.5 %

CNQ opened at C$41.39 on Friday. Canadian Natural Resources Limited has a 52 week low of C$37.11 and a 52 week high of C$56.49. The business has a fifty day simple moving average of C$43.53 and a 200-day simple moving average of C$45.60. The firm has a market cap of C$86.86 billion, a P/E ratio of 11.49, a P/E/G ratio of 0.53 and a beta of 1.89. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Wells Fargo & Company decreased their target price on Canadian Natural Resources from C$50.00 to C$44.00 in a research report on Friday, March 7th. National Bankshares cut their price target 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. Evercore ISI raised Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Jefferies Financial Group cut their price target on Canadian Natural Resources from C$54.00 to C$50.00 in a report on Thursday, January 30th. Finally, TD Securities set a C$58.00 price target on Canadian Natural Resources and gave the company a “buy” rating in a report on Tuesday, December 3rd. Six investment 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.