Key Points
- Insider sale: Director Gordon Giffin sold 25,000 shares of Canadian Natural Resources at an average price of C$68.01 for C$1.70 million on March 24, reducing his holding by 12.74% to 171,210 shares valued at C$11.64 million.
- Company fundamentals: CNQ has a market cap of C$144.89 billion, a P/E of 13.46, and reported C$0.82 EPS and C$9.61 billion in revenue for the most recent quarter with a net margin of 26.06% and ROE of 25.98%.
- Market and analyst view: The stock is trading near its 12-month high (opened C$69.46; 12‑month high C$70.44) and carries a consensus "Moderate Buy" rating with an average price target of C$58.77 amid mixed analyst coverage.
Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) (NYSE:CNQ) Director Gordon Giffin sold 25,000 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was sold at an average price of C$68.01, for a total transaction of C$1,700,250.00. Following the completion of the transaction, the director owned 171,210 shares in the company, valued at C$11,643,992.10. This trade represents a 12.74% decrease in their position.
Canadian Natural Resources Stock Performance
CNQ opened at C$69.46 on Friday. The company's 50 day moving average is C$58.15 and its 200 day moving average is C$49.65. The company has a current ratio of 0.95, a quick ratio of 0.54 and a debt-to-equity ratio of 44.46. The company has a market cap of C$144.89 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.53 and a beta of 0.81. Canadian Natural Resources Limited has a 12-month low of C$34.92 and a 12-month high of C$70.44.
Canadian Natural Resources (TSE:CNQ - Get Free Report) (NYSE:CNQ) last announced its earnings results on Thursday, March 5th. The company reported C$0.82 EPS for the quarter. Canadian Natural Resources had a net margin of 26.06% and a return on equity of 25.98%. The business had revenue of C$9.61 billion during the quarter. On average, equities research analysts predict that Canadian Natural Resources Limited will post 3.833989 EPS for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently commented on CNQ shares. Raymond James Financial raised their target price on Canadian Natural Resources from C$53.00 to C$55.00 and gave the stock an "outperform" rating in a report on Friday, March 6th. Evercore lowered Canadian Natural Resources from an "outperform" rating to a "hold" rating and set a C$50.00 price target for the company. in a report on Tuesday, January 6th. TD Securities upped their price target on Canadian Natural Resources from C$51.00 to C$64.00 and gave the stock a "buy" rating in a research report on Friday, March 6th. BMO Capital Markets raised their price objective on Canadian Natural Resources from C$50.00 to C$70.00 and gave the stock an "outperform" rating in a research note on Friday, March 6th. Finally, Morgan Stanley lowered their price objective on Canadian Natural Resources from C$51.00 to C$50.00 in a research report on Friday, January 23rd. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Canadian Natural Resources currently has a consensus rating of "Moderate Buy" and an average price target of C$58.77.
Read Our Latest Research Report on CNQ
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.
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