Key Points
- Director insider purchase: Shelley Ann Marie Brown bought 709 Canadian Natural Resources shares at C$70.44 each, investing approximately C$49,942 and increasing her direct stake by 66.2% to 1,780 shares.
- Stock performance and financials: CNQ shares opened at C$71.70, near their 12-month high of C$72.35. The company reported quarterly EPS of C$2.19 on revenue of C$14.74 billion, with a 24.93% net margin.
- Analyst sentiment: Canadian Natural Resources has a consensus “Moderate Buy” rating from analysts, with seven Buy ratings and six Holds; the consensus price target is C$66.88.
Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) (NYSE:CNQ) Director Shelley Ann Marie Brown bought 709 shares of Canadian Natural Resources stock in a transaction that occurred on Tuesday, September 15th. The shares were acquired at an average price of C$70.44 per share, for a total transaction of C$49,941.96. Following the acquisition, the director directly owned 1,780 shares in the company, valued at approximately C$125,383.20. This represents a 66.20% increase in their position.
Canadian Natural Resources Stock Up 2.5%
Shares of TSE CNQ opened at C$71.70 on Wednesday. Canadian Natural Resources Limited has a 12-month low of C$41.67 and a 12-month high of C$72.35. The company has a market cap of C$147.81 billion, a P/E ratio of 12.76, a P/E/G ratio of 0.53 and a beta of 0.32. The company has a current ratio of 1.00, a quick ratio of 0.54 and a debt-to-equity ratio of 36.64. The stock has a fifty day moving average price of C$66.35 and a 200 day moving average price of C$64.23.
Canadian Natural Resources (TSE:CNQ - Get Free Report) (NYSE:CNQ) last released its quarterly earnings data on Thursday, August 6th. The company reported C$2.19 EPS for the quarter. The company had revenue of C$14.74 billion for the quarter. Canadian Natural Resources had a return on equity of 26.67% and a net margin of 24.93%. Research analysts anticipate that Canadian Natural Resources Limited will post 3.833989 EPS for the current fiscal year.
Analyst Ratings Changes
CNQ has been the topic of several analyst reports. Scotiabank upgraded Canadian Natural Resources to a "hold" rating in a report on Friday, June 26th. Royal Bank Of Canada decreased their price target on Canadian Natural Resources from C$80.00 to C$79.00 in a report on Wednesday, July 15th. Raymond James Financial increased their price objective on shares of Canadian Natural Resources from C$65.00 to C$66.00 and gave the company an "outperform" rating in a research report on Friday, August 7th. Desjardins set a C$70.00 price objective on shares of Canadian Natural Resources and gave the company a "hold" rating in a research note on Friday, July 17th. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Canadian Natural Resources from C$70.00 to C$75.00 in a research report on Thursday, August 27th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Canadian Natural Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of C$66.88.
Check Out Our Latest Report on Canadian Natural Resources
Canadian Natural Resources Company Profile
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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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