Insider Selling: Canadian Natural Resources (TSE:CNQ) Insider Sells C$45,488.56 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Stephanie Ann Graham sold 916 shares of the firm’s stock in a transaction dated Tuesday, January 27th. The stock was sold at an average price of C$49.66, for a total value of C$45,488.56. Following the transaction, the insider owned 16,367 shares in the company, valued at approximately C$812,785.22. This trade represents a 5.30% decrease in their position.

Stephanie Ann Graham also recently made the following trade(s):

• On Monday, February 2nd, Stephanie Ann Graham sold 1,930 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$49.19, for a total transaction of C$94,936.70.

Canadian Natural Resources Stock Up 0.0%

Shares of TSE CNQ opened at C$58.02 on Tuesday. Canadian Natural Resources Limited has a 52-week low of C$34.92 and a 52-week high of C$59.08. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84. The stock has a market cap of C$120.86 billion, a P/E ratio of 18.30, a P/E/G ratio of 0.53 and a beta of 0.70. The firm has a 50 day moving average price of C$49.02 and a 200 day moving average price of C$46.04.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Raymond James Financial lifted their target price on Canadian Natural Resources from C$55.00 to C$56.00 in a report on Monday, November 10th. Morgan Stanley cut their price objective on Canadian Natural Resources from C$51.00 to C$50.00 in a report on Friday, January 23rd. Desjardins set a C$52.00 price objective on Canadian Natural Resources and gave the company a “hold” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada dropped their target price on shares of Canadian Natural Resources from C$62.00 to C$61.00 and set an “outperform” rating on the stock in a report on Tuesday, January 13th. Finally, Evercore lowered shares of Canadian Natural Resources from an “outperform” rating to a “hold” rating and set a C$50.00 price target on the stock. in a research note on Tuesday, January 6th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Canadian Natural Resources has an average rating of “Hold” and an average target price of C$54.40.

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.