Canadian Natural Resources (TSE:CNQ) Director Shelley Ann Marie Brown Acquires 709 Shares

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

Canadian Natural Resources Stock Up 2.5%

Shares of TSE:CNQ opened at C$71.70 on Wednesday. The stock’s 50-day moving average price is C$66.35 and its two-hundred day moving average price is C$64.23. The company has a current ratio of 1.00, a quick ratio of 0.54 and a debt-to-equity ratio of 36.64. Canadian Natural Resources Limited has a 12-month low of C$41.67 and a 12-month high of C$72.35. The firm has a market cap of C$147.81 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 0.53 and a beta of 0.32.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings results on Thursday, August 6th. The company reported C$2.19 EPS 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, research analysts forecast that Canadian Natural Resources Limited will post 3.833989 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on CNQ shares. Gerdes Energy Research raised shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating and upped their price target for the stock from C$67.00 to C$69.00 in a research report on Monday, June 29th. TD lifted their price target on shares of 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. Royal Bank Of Canada lowered their price objective on shares of Canadian Natural Resources from C$80.00 to C$79.00 in a research note on Wednesday, July 15th. Scotia upped their price objective on 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. Finally, Scotiabank raised Canadian Natural Resources to a “hold” rating in a research report on Friday, June 26th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$66.88.

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.