Shelley Ann Marie Brown Purchases 709 Shares of Canadian Natural Resources (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Shelley Ann Marie Brown acquired 709 shares of the stock in a transaction on Tuesday, September 15th. The stock was bought at an average price of C$70.44 per share, with a total value of C$49,941.96. Following the transaction, 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 Performance

CNQ stock opened at C$70.08 on Thursday. The company has a 50 day moving average price of C$66.55 and a 200 day moving average price of C$64.30. Canadian Natural Resources Limited has a fifty-two week low of C$41.67 and a fifty-two week high of C$72.35. The company has a debt-to-equity ratio of 36.64, a current ratio of 1.00 and a quick ratio of 0.54. The stock has a market capitalization of C$144.47 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 0.53 and a beta of 0.32.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$2.19 EPS for the quarter. Canadian Natural Resources had a return on equity of 26.67% and a net margin of 24.93%.The firm had revenue of C$14.74 billion for the quarter. Analysts forecast that Canadian Natural Resources Limited will post 3.833989 EPS for the current year.

Analyst Upgrades and Downgrades

CNQ has been the topic of a number of recent analyst reports. Canadian Imperial Bank of Commerce raised their target price on Canadian Natural Resources from C$70.00 to C$75.00 in a report on Thursday, August 27th. JPMorgan Chase & Co. increased their price target on shares of Canadian Natural Resources from C$67.00 to C$75.00 in a research report on Wednesday, August 12th. Gerdes Energy Research upgraded shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating and boosted their price objective for the company from C$67.00 to C$69.00 in a report on Monday, June 29th. Desjardins set a C$70.00 target price on shares of Canadian Natural Resources and gave the stock a “hold” rating in a report on Friday, July 17th. Finally, TD boosted their price target on shares of Canadian Natural Resources from C$72.00 to C$73.00 and gave the company a “buy” rating in a report on Friday, August 7th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$67.12.

About Canadian Natural Resources

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.