Devin Craig Lowe Sells 7,500 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Devin Craig Lowe sold 7,500 shares of the stock in a transaction dated 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 Stock Up 1.2 %

Shares of TSE CNQ traded up C$0.57 during mid-day trading on Tuesday, reaching C$46.80. 1,202,904 shares of the company were exchanged, compared to its average volume of 6,586,569. The stock has a market cap of C$99.68 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 0.53 and a beta of 1.89. The firm has a 50-day moving average of C$46.07 and a 200 day moving average of C$47.24. Canadian Natural Resources Limited has a 1 year low of C$40.02 and a 1 year high of C$56.49. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CNQ shares. TD Securities set a C$58.00 price target on Canadian Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Raymond James boosted their target price on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a “market perform” rating in a research note on Friday, November 1st. CIBC raised their price target on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a research note on Wednesday, October 9th. Gerdes Energy Research raised shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research report on Monday, December 16th. Finally, ATB Capital raised their target price on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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).