Canadian Natural Resources Ltd (TSE:CNQ) (NYSE:CNQ) Senior Officer Kendall W. Stagg sold 20,000 shares of the company’s stock in a transaction on Friday, March 29th. The shares were sold at an average price of C$36.71, for a total value of C$734,200.00. Following the completion of the sale, the insider now owns 48,607 shares of the company’s stock, valued at approximately C$1,784,362.97.
Kendall W. Stagg also recently made the following trade(s):
- On Thursday, April 11th, Kendall W. Stagg sold 5,000 shares of Canadian Natural Resources stock. The stock was sold at an average price of C$39.67, for a total value of C$198,350.00.
Shares of CNQ traded down C$0.92 during trading hours on Wednesday, hitting C$41.25. 3,391,014 shares of the company were exchanged, compared to its average volume of 3,848,877. The company has a market cap of $49.76 billion and a PE ratio of 19.46. Canadian Natural Resources Ltd has a 52 week low of C$30.11 and a 52 week high of C$49.08. The company has a debt-to-equity ratio of 64.50, a quick ratio of 0.37 and a current ratio of 0.63.
A number of equities research analysts have recently issued reports on CNQ shares. Evercore ISI raised Canadian Natural Resources from an “in-line” rating to an “outperform” rating and set a C$48.00 target price on the stock in a research report on Wednesday, April 3rd. Barclays cut their target price on Canadian Natural Resources from C$49.00 to C$46.00 in a research report on Thursday, January 10th. JPMorgan Chase & Co. cut their target price on Canadian Natural Resources from C$48.00 to C$46.00 in a research report on Wednesday, January 9th. CSFB reaffirmed an “outperform” rating and set a C$48.00 target price on shares of Canadian Natural Resources in a research report on Monday, January 28th. Finally, CIBC cut their target price on Canadian Natural Resources from C$47.00 to C$45.00 in a research report on Friday, February 1st. Nine analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and an average target price of C$48.44.
TRADEMARK VIOLATION NOTICE: This article was first reported by Baseball Daily News and is the property of of Baseball Daily News. If you are reading this article on another domain, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The correct version of this article can be read at https://www.baseballdailydigest.com/news/2019/04/24/canadian-natural-resources-ltd-cnq-senior-officer-kendall-w-stagg-sells-20000-shares-of-stock.html.
About Canadian Natural Resources
Canadian Natural Resources Limited explores for, develops, produces, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.
Recommended Story: What are gap-down stocks?
Receive News & Ratings for Canadian Natural Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian Natural Resources and related companies with MarketBeat.com's FREE daily email newsletter.