Trevor Wagil Sells 2,469 Shares of Canadian Natural Resources (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Trevor Wagil sold 2,469 shares of the company’s stock in a transaction dated Wednesday, December 24th. The shares were 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 of the company’s stock, valued at C$667,863.01. This represents a 14.31% decrease in their position.

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock traded up C$0.58 during trading hours on Friday, hitting C$49.47. The stock had a trading volume of 5,901,031 shares, compared to its average volume of 15,651,219. The company has a 50-day moving average of C$46.27 and a two-hundred day moving average of C$44.49. 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 fifty-two week low of C$34.92 and a fifty-two week high of C$49.95. The company has a market cap of C$103.05 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 0.53 and a beta of 0.71.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released 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 business had revenue of C$9.52 billion for the quarter. On average, equities research analysts anticipate that Canadian Natural Resources Limited will post 3.833989 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CNQ. Morgan Stanley cut their price target on shares of Canadian Natural Resources from C$51.00 to C$50.00 in a research note on Friday. Raymond James Financial increased their target price on Canadian Natural Resources from C$55.00 to C$56.00 in a report on Monday, November 10th. Desjardins set a C$52.00 price target on Canadian Natural Resources and gave the company a “hold” rating in a research note on Wednesday, December 17th. TD Securities upped their price target on Canadian Natural Resources from C$53.00 to C$54.00 in a research report on Monday, November 10th. Finally, 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. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$53.36.

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.