Shelley Ann Marie Brown Purchases 709 Shares of Canadian Natural Resources (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Shelley Ann Marie Brown purchased 709 shares of Canadian Natural Resources stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average price of C$70.44 per share, with a total value of C$49,941.96. Following the completion of the purchase, the director directly owned 1,780 shares in the company, valued at C$125,383.20. This trade represents a 66.20% increase in their ownership of the stock.

Canadian Natural Resources Stock Performance

TSE CNQ traded up C$1.76 on Tuesday, reaching C$71.70. The stock had a trading volume of 21,708,148 shares, compared to its average volume of 15,120,122. The company has a debt-to-equity ratio of 36.64, a current ratio of 1.00 and a quick ratio of 0.54. The company has a market cap of C$147.81 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 0.53 and a beta of 0.32. The firm has a fifty day moving average of C$66.35 and a two-hundred day moving average of C$64.23. Canadian Natural Resources Limited has a 1-year low of C$41.67 and a 1-year high of C$72.35.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its earnings results on Thursday, August 6th. The company reported C$2.19 earnings per share for the quarter. The company had revenue of C$14.74 billion during the quarter. Canadian Natural Resources had a return on equity of 26.67% and a net margin of 24.93%. On average, equities research analysts anticipate that Canadian Natural Resources Limited will post 3.833989 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Canadian Natural Resources from C$67.00 to C$75.00 in a report on Wednesday, August 12th. Scotia raised their target price on shares of Canadian Natural Resources from C$71.00 to C$73.00 and gave the stock a “sector perform” rating in a report on Friday, August 7th. Desjardins set a C$70.00 price target on Canadian Natural Resources and gave the company a “hold” rating in a research note on Friday, July 17th. Scotiabank raised Canadian Natural Resources to a “hold” rating in a research report on Friday, June 26th. Finally, TD lifted their price objective on Canadian Natural Resources from C$72.00 to C$73.00 and gave the company a “buy” rating in a report on Friday, August 7th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Canadian Natural Resources has a consensus rating of “Moderate Buy” and a consensus target price of C$66.88.

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.