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

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Calvin John Bast sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of C$44.75, for a total value 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 shares were sold at an average price of C$41.80, for a total transaction of C$313,500.00.

Canadian Natural Resources Price Performance

CNQ opened at C$43.73 on Friday. Canadian Natural Resources Limited has a fifty-two week low of C$37.11 and a fifty-two week high of C$56.49. The firm has a 50-day moving average of C$43.04 and a 200 day moving average of C$45.25. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84. The firm has a market cap of C$91.77 billion, a P/E ratio of 12.14, a PEG ratio of 0.53 and a beta of 1.89.

Analyst Ratings Changes

CNQ has been the subject of a number of research reports. National Bankshares reduced their price target on shares of 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. Scotiabank upgraded Canadian Natural Resources from a “sector perform” rating to an “outperform” rating and set a C$56.00 target price for the company in a research note on Wednesday, March 19th. Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. BMO Capital Markets cut their price target on Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Finally, Royal Bank of Canada upped their target price on Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.