Calvin John Bast Sells 10,000 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Calvin John Bast sold 10,000 shares of Canadian Natural Resources stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of C$44.75, for a total transaction of C$447,500.00.

Calvin John Bast also recently made the following trade(s):

• On Thursday, March 13th, Calvin John Bast sold 7,500 shares of Canadian Natural Resources stock. The stock was sold at an average price of C$41.80, for a total transaction of C$313,500.00.

Canadian Natural Resources Trading Down 0.9 %

TSE CNQ opened at C$44.28 on Friday. The firm has a market cap of C$92.93 billion, a PE ratio of 12.29, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources Limited has a 52 week low of C$37.11 and a 52 week high of C$56.49. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. The company has a 50 day moving average price of C$43.06 and a 200 day moving average price of C$45.26.

Analyst Upgrades and Downgrades

CNQ has been the topic of several research analyst reports. Jefferies Financial Group dropped their price objective on Canadian Natural Resources from C$54.00 to C$50.00 in a research note on Thursday, January 30th. Gerdes Energy Research upgraded Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. TD Securities set a C$58.00 price target on Canadian Natural Resources and gave the company a “buy” rating in a research note on Tuesday, December 3rd. Tudor Pickering lowered shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Raymond James raised their target price on shares of Canadian Natural Resources from C$51.00 to C$52.00 and gave the company a “market perform” rating in a research report on Friday, March 7th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$68.53.

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.