Key Points
- Insider sale: Trevor Wagil sold 2,469 CNQ shares on December 24 at C$45.19 for C$111,574, reducing his holding by 14.31% to 14,779 shares (valued at C$667,863).
- Stock and fundamentals: CNQ opened at C$49.47 (52‑week range C$34.92–C$49.95) with a market cap of C$103.05B and a P/E of 15.61; last quarter EPS was C$0.86 with a net margin of 21.25% and ROE of 19.14%.
- Analyst view: The consensus rating is a Hold with an average price target of C$53.36, following several recent downgrades and price‑target cuts.
Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) (NYSE:CNQ) insider Trevor Wagil sold 2,469 shares of the stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of C$45.19, for a total transaction of C$111,574.11. Following the completion of the transaction, the insider owned 14,779 shares of the company's stock, valued at C$667,863.01. This represents a 14.31% decrease in their position.
Canadian Natural Resources Stock Up 1.2%
CNQ stock opened at C$49.47 on Friday. The firm's 50-day moving average is C$46.27 and its two-hundred day moving average is C$44.49. The company has a market capitalization of C$103.05 billion, a price-to-earnings ratio of 15.61, a price-to-earnings-growth ratio of 0.53 and a beta of 0.71. Canadian Natural Resources Limited has a 52 week low of C$34.92 and a 52 week high of C$49.95. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79.
Canadian Natural Resources (TSE:CNQ - Get Free Report) (NYSE:CNQ) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.86 EPS for the quarter. Canadian Natural Resources had a net margin of 21.25% and a return on equity of 19.14%. The business had revenue of C$9.52 billion for the quarter. On average, analysts forecast that Canadian Natural Resources Limited will post 3.833989 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
CNQ has been the subject of several research analyst reports. Evercore Partners lowered Canadian Natural Resources from an "outperform" rating to an "in-line" rating and set a C$50.00 price objective for the company. in a report on Tuesday, January 6th. Desjardins set a C$52.00 price target on shares of Canadian Natural Resources and gave the stock a "hold" rating in a research report on Wednesday, December 17th. National Bankshares cut their price target on shares of Canadian Natural Resources from C$48.00 to C$47.00 and set a "sector perform" rating for the company in a report on Friday, January 9th. Wells Fargo & Company set a C$47.00 price objective on shares of Canadian Natural Resources and gave the stock an "equal weight" rating in a research note on Friday, October 17th. Finally, Evercore ISI downgraded shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 6th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of C$53.36.
Check Out Our Latest Stock Report on Canadian Natural Resources
About Canadian Natural Resources
(
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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.
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