Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 7,500 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Devin Craig Lowe sold 7,500 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of C$46.37, for a total transaction of C$347,775.00.

Canadian Natural Resources Price Performance

CNQ stock opened at C$46.91 on Friday. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. The firm has a market capitalization of C$99.92 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 0.53 and a beta of 1.89. The firm has a 50 day moving average price of C$46.03 and a 200-day moving average price of C$47.25. Canadian Natural Resources Limited has a 52-week low of C$40.02 and a 52-week high of C$56.49.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CNQ shares. Desjardins raised shares of Canadian Natural Resources from a “hold” rating to a “buy” rating and raised their price target for the stock from C$56.00 to C$59.00 in a report on Tuesday, October 8th. Raymond James boosted their price target on Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Gerdes Energy Research upgraded Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. CIBC boosted their target price on Canadian Natural Resources from C$57.50 to C$59.00 in a research note on Wednesday, October 9th. Finally, BMO Capital Markets dropped their price target on Canadian Natural Resources from C$60.00 to C$58.00 in a research note on Friday, December 13th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Natural Resources currently has an average rating of “Moderate Buy” and a consensus price target of C$71.94.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).