Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Dwayne Frederick Giggs Purchases 1,400 Shares

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Dwayne Frederick Giggs purchased 1,400 shares of the firm’s stock in a transaction on Thursday, April 10th. The shares were acquired at an average price of C$36.88 per share, with a total value of C$51,631.02.

Canadian Natural Resources Stock Performance

Shares of Canadian Natural Resources stock traded down C$2.81 during trading hours on Thursday, reaching C$36.45. The company had a trading volume of 2,877,231 shares, compared to its average volume of 13,085,909. The firm has a market cap of C$76.49 billion, a PE ratio of 10.12, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources Limited has a one year low of C$34.92 and a one year high of C$56.42. 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 business has a fifty day simple moving average of C$42.11 and a 200 day simple moving average of C$44.96.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Wells Fargo & Company cut their price target on Canadian Natural Resources from C$44.00 to C$40.00 and set an “equal weight” rating for the company in a research note on Wednesday. Raymond James upgraded Canadian Natural Resources from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from C$52.00 to C$49.00 in a report on Wednesday. Scotiabank raised shares of Canadian Natural Resources from a “sector perform” rating to an “outperform” rating and set a C$56.00 price objective on the stock in a report on Wednesday, March 19th. Jefferies Financial Group lowered their target price on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a report on Thursday, January 30th. Finally, Tudor Pickering cut shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$60.15.

Canadian Natural Resources Company Profile

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.