Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Calvin John Bast Sells 10,000 Shares

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Calvin John Bast sold 10,000 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of C$44.75, for a total transaction of C$447,500.00.

Calvin John Bast also recently made the following trade(s):

• On Thursday, March 13th, Calvin John Bast sold 7,500 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$41.80, for a total transaction of C$313,500.00.

Canadian Natural Resources Price Performance

TSE:CNQ traded up C$0.23 during trading hours on Wednesday, reaching C$44.68. 6,107,812 shares of the company’s stock were exchanged, compared to its average volume of 12,817,478. The company has a market capitalization of C$93.77 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources Limited has a 12 month low of C$37.11 and a 12 month high of C$56.49. The business’s 50-day simple moving average is C$43.07 and its two-hundred day simple moving average is C$45.29. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Canadian Natural Resources from C$50.00 to C$44.00 in a research report on Friday, March 7th. Tudor Pickering cut Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Scotiabank raised Canadian Natural Resources from a “sector perform” rating to an “outperform” rating and set a C$56.00 price target on the stock in a report on Wednesday, March 19th. National Bankshares reduced their price objective on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a “sector perform” rating for the company in a report on Friday, March 7th. Finally, TD Securities set a C$58.00 target price on shares of Canadian Natural Resources and gave the company a “buy” rating in a research report on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$68.53.

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.