Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Jay Ellery Froc Sells 4,500 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Jay Ellery Froc sold 4,500 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of C$42.89, for a total value of C$193,005.00.

Canadian Natural Resources Trading Up 0.9 %

TSE CNQ opened at C$42.59 on Tuesday. The firm has a market cap of C$89.38 billion, a P/E ratio of 11.82, a P/E/G ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54. The stock’s 50-day moving average is C$43.39 and its 200-day moving average is C$45.49. Canadian Natural Resources Limited has a one year low of C$37.11 and a one year high of C$56.49.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CNQ. Jefferies Financial Group cut their target price on Canadian Natural Resources from C$54.00 to C$50.00 in a research note on Thursday, January 30th. National Bankshares decreased their target price on Canadian Natural Resources from C$51.00 to C$49.00 and set a “sector perform” rating on the stock in a report on Friday, March 7th. Gerdes Energy Research upgraded Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. Wells Fargo & Company decreased their price target on Canadian Natural Resources from C$50.00 to C$44.00 in a report on Friday, March 7th. Finally, TD Securities set a C$58.00 price target on Canadian Natural Resources and gave the company a “buy” rating in a report on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian Natural Resources has a consensus rating of “Moderate Buy” and a consensus target price of C$68.60.

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.