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 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 transaction of C$193,005.00.

Canadian Natural Resources Stock Up 0.6 %

CNQ stock opened at C$42.85 on Wednesday. Canadian Natural Resources Limited has a twelve month low of C$37.11 and a twelve month high of C$56.49. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79. The company has a market capitalization of C$89.93 billion, a P/E ratio of 11.90, a PEG ratio of 0.53 and a beta of 1.89. The firm has a 50 day simple moving average of C$43.31 and a 200-day simple moving average of C$45.47.

Analyst Upgrades and Downgrades

CNQ has been the subject of a number of research analyst reports. Royal Bank of Canada increased their target price on shares of 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. Evercore ISI raised shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. Raymond James increased their target price on shares of Canadian Natural Resources from C$51.00 to C$52.00 and gave the stock a “market perform” rating in a research report on Friday, March 7th. Jefferies Financial Group dropped their target price on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a research report on Thursday, January 30th. Finally, BMO Capital Markets lowered their price objective on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a research report on Friday, December 13th. Six 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.