Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Mark Allen Stainthorpe Sells 81,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Mark Allen Stainthorpe sold 81,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of C$44.98, for a total value of C$3,643,380.00.

Canadian Natural Resources Trading Down 0.3 %

CNQ stock opened at C$45.14 on Thursday. The company has a market capitalization of C$96.15 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. Canadian Natural Resources Limited has a 1-year low of C$40.02 and a 1-year high of C$56.49. The business has a 50 day simple moving average of C$45.94 and a two-hundred day simple moving average of C$47.22.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CNQ shares. Wells Fargo & Company upped their price target on shares of Canadian Natural Resources from C$48.00 to C$50.00 in a research report on Monday, December 9th. BMO Capital Markets decreased their price target on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a research report on Friday, December 13th. Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$56.00 to C$59.00 in a research note on Tuesday, October 8th. Raymond James upped their price objective on Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “market perform” rating in a research note on Friday, November 1st. Finally, Gerdes Energy Research upgraded Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research report on Monday, December 16th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Canadian Natural Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of C$71.88.

About Canadian Natural Resources

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).