Jay Ellery Froc Sells 4,500 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Jay Ellery Froc sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, March 17th. 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 Performance

Shares of TSE:CNQ traded up C$0.34 during midday trading on Monday, hitting C$42.55. The company had a trading volume of 16,900,587 shares, compared to its average volume of 11,290,837. Canadian Natural Resources Limited has a 12-month low of C$37.11 and a 12-month high of C$56.49. The company has a fifty day moving average of C$43.47 and a two-hundred day moving average of C$45.51. The company has a market cap of C$89.30 billion, a price-to-earnings ratio of 11.81, a PEG ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CNQ shares. Raymond James lifted their price target on 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. Gerdes Energy Research upgraded shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. Evercore ISI upgraded shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. National Bankshares dropped their price objective on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a “sector perform” rating on the stock in a research note on Friday, March 7th. Finally, Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.