Canadian Natural Resources (TSE:CNQ) Insider Erin Louise Lunn Sells 2,252 Shares

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Erin Louise Lunn sold 2,252 shares of the company’s stock in a transaction on Wednesday, January 28th. The stock was sold at an average price of C$49.68, for a total transaction of C$111,879.36. Following the sale, the insider directly owned 51,142 shares of the company’s stock, valued at approximately C$2,540,734.56. This trade represents a 4.22% decrease in their ownership of the stock.

Canadian Natural Resources Trading Down 0.4%

TSE:CNQ opened at C$58.00 on Friday. The business’s 50-day moving average is C$48.75 and its two-hundred day moving average is C$45.90. The firm has a market capitalization of C$120.82 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 0.53 and a beta of 0.70. Canadian Natural Resources Limited has a 12 month low of C$34.92 and a 12 month high of C$59.08. The company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CNQ. Desjardins set a C$52.00 price objective on shares of Canadian Natural Resources and gave the company a “hold” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada lowered their price target on shares of Canadian Natural Resources from C$62.00 to C$61.00 and set an “outperform” rating for the company in a report on Tuesday, January 13th. Gerdes Energy Research downgraded shares of Canadian Natural Resources from a “buy” rating to a “neutral” rating in a research note on Thursday, February 12th. Raymond James Financial upped their price objective on shares of Canadian Natural Resources from C$55.00 to C$56.00 in a research report on Monday, November 10th. Finally, National Bank Financial lifted their target price on Canadian Natural Resources from C$47.00 to C$54.00 and gave the stock a “sector perform” rating in a research report on Tuesday, February 3rd. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Canadian Natural Resources currently has an average rating of “Hold” and a consensus price target of C$54.40.

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.