Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) (NYSE:CNQ) Senior Officer Dwayne Frederick Giggs acquired 1,400 shares of Canadian Natural Resources stock in a transaction on Thursday, April 10th. The shares were bought at an average cost of C$36.88 per share, with a total value of C$51,631.02.
Canadian Natural Resources Stock Performance
Shares of TSE:CNQ opened at C$36.61 on Friday. Canadian Natural Resources Limited has a 1 year low of C$34.92 and a 1 year high of C$56.42. The stock has a market capitalization of C$76.83 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth 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 company's 50 day simple moving average is C$41.97 and its 200 day simple moving average is C$44.90.
Analyst Upgrades and Downgrades
CNQ has been the topic of a number of research reports. Tudor Pickering lowered shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. Royal Bank of Canada upped their target price on Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an "outperform" rating in a research report on Friday, March 7th. Gerdes Energy Research raised Canadian Natural Resources from a "neutral" rating to a "buy" rating in a report on Monday, December 16th. CIBC upped their price objective on Canadian Natural Resources from C$59.00 to C$62.00 in a report on Thursday. Finally, Wells Fargo & Company dropped their target price on Canadian Natural Resources from C$44.00 to C$40.00 and set an "equal weight" rating for the company in a report on Wednesday. Five analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Canadian Natural Resources currently has an average rating of "Moderate Buy" and an average price target of C$60.38.
Get Our Latest Stock Analysis on Canadian Natural Resources
About Canadian Natural Resources
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
