Insider Selling: Canadian Natural Resources (TSE:CNQ) Insider Sells 2,469 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Trevor Wagil sold 2,469 shares of the business’s stock in a transaction on Wednesday, December 24th. The stock was sold at an average price of C$45.19, for a total transaction of C$111,574.11. Following the transaction, the insider directly owned 14,779 shares in the company, valued at approximately C$667,863.01. The trade was a 14.31% decrease in their ownership of the stock.

Canadian Natural Resources Stock Up 1.2%

Shares of CNQ traded up C$0.58 during trading on Friday, reaching C$49.47. The company’s stock had a trading volume of 5,901,031 shares, compared to its average volume of 15,651,219. The company has a market cap of C$103.05 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 0.53 and a beta of 0.71. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. Canadian Natural Resources Limited has a twelve month low of C$34.92 and a twelve month high of C$49.95. The company has a fifty day moving average of C$46.27 and a two-hundred day moving average of C$44.49.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings data on Thursday, November 6th. The company reported C$0.86 earnings per share (EPS) for the quarter. Canadian Natural Resources had a return on equity of 19.14% and a net margin of 21.25%.The firm had revenue of C$9.52 billion for the quarter. On average, sell-side analysts predict that Canadian Natural Resources Limited will post 3.833989 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CNQ has been the subject of several recent analyst reports. Evercore Partners cut Canadian Natural Resources from an “outperform” rating to an “in-line” rating and set a C$50.00 target price for the company. in a research report on Tuesday, January 6th. Evercore ISI lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Desjardins set a C$52.00 price target on Canadian Natural Resources and gave the stock a “hold” rating in a research note on Wednesday, December 17th. Wells Fargo & Company set a C$47.00 price objective on Canadian Natural Resources and gave the company an “equal weight” rating in a report on Friday, October 17th. Finally, Royal Bank Of Canada decreased their target price on Canadian Natural Resources from C$62.00 to C$61.00 and set an “outperform” rating for the company in a research report on Tuesday, January 13th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Natural Resources has a consensus rating of “Hold” and an average price target of C$53.36.

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.