Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Devin Craig Lowe Sells 10,000 Shares

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Devin Craig Lowe sold 10,000 shares of Canadian Natural Resources stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of C$44.67, for a total value of C$446,700.00.

Canadian Natural Resources Trading Up 2.2%

Shares of CNQ opened at C$44.93 on Wednesday. The stock’s 50-day moving average is C$41.07 and its two-hundred day moving average is C$43.67. The stock has a market cap of C$94.29 billion, a PE ratio of 12.47, a P/E/G ratio of 0.53 and a beta of 1.89. Canadian Natural Resources Limited has a 12 month low of C$34.92 and a 12 month high of C$53.03. 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

A number of research firms have issued reports on CNQ. Royal Bank of Canada boosted their price target on Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Jefferies Financial Group lowered their price target on Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. Raymond James raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating and lowered their price target for the company from C$52.00 to C$49.00 in a research report on Wednesday, April 9th. Tudor Pickering downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Finally, National Bankshares lowered 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 research report on Friday, March 7th. Five research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$54.08.

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.