Scott Gerald Stauth Sells 55,000 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Scott Gerald Stauth sold 55,000 shares of the stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of C$46.22, for a total transaction of C$2,542,100.00.

Canadian Natural Resources Stock Performance

CNQ stock opened at C$46.00 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79. The firm has a market cap of C$96.54 billion, a P/E ratio of 12.77, a P/E/G ratio of 0.53 and a beta of 1.89. Canadian Natural Resources Limited has a 12-month low of C$34.92 and a 12-month high of C$52.15. The stock’s 50 day simple moving average is C$42.22 and its 200 day simple moving average is C$42.89.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Raymond James Financial raised Canadian Natural Resources from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from C$52.00 to C$49.00 in a research note on Wednesday, April 9th. Wells Fargo & Company lifted their price target on shares of Canadian Natural Resources from C$40.00 to C$42.00 in a report on Thursday, May 22nd. Royal Bank Of Canada lifted their price objective on Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Desjardins reduced their target price on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. Finally, Evercore ISI raised Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 7th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Moderate Buy” and an average target price of C$54.25.

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.