Insider Selling: Canadian Natural Resources (TSE:CNQ) Director Sells C$1,700,250.00 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Gordon Giffin sold 25,000 shares of the stock in a transaction on Tuesday, March 24th. The shares were sold at an average price of C$68.01, for a total value of C$1,700,250.00. Following the sale, the director directly owned 171,210 shares in the company, valued at C$11,643,992.10. This trade represents a 12.74% decrease in their position.

Canadian Natural Resources Stock Performance

CNQ opened at C$69.46 on Monday. The firm has a market cap of C$144.89 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.53 and a beta of 0.81. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 44.46. Canadian Natural Resources Limited has a 12 month low of C$34.92 and a 12 month high of C$70.44. The stock has a fifty day moving average price of C$58.15 and a 200-day moving average price of C$49.74.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings data on Thursday, March 5th. The company reported C$0.82 earnings per share for the quarter. Canadian Natural Resources had a return on equity of 25.98% and a net margin of 26.06%.The firm had revenue of C$9.61 billion during the quarter. As a group, equities research analysts anticipate that Canadian Natural Resources Limited will post 3.833989 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CNQ. Gerdes Energy Research cut shares of Canadian Natural Resources from a “buy” rating to a “neutral” rating in a report on Thursday, February 12th. Scotiabank increased their target price on shares of Canadian Natural Resources from C$58.00 to C$62.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Morgan Stanley lowered their target price on shares of Canadian Natural Resources from C$51.00 to C$50.00 in a research note on Friday, January 23rd. Jefferies Financial Group lifted their price target on shares of Canadian Natural Resources from C$48.00 to C$59.00 in a report on Monday, March 16th. Finally, TD Securities upped their price target on Canadian Natural Resources from C$51.00 to C$64.00 and gave the stock a “buy” rating in a research report on Friday, March 6th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$58.77.

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.