Canadian Natural Resources Ltd (CNQ) Senior Officer Kendall W. Stagg Sells 20,000 Shares

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.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings results on Thursday, March 7th. The company reported C($0.09) earnings per share (EPS) for the quarter, hitting the consensus estimate of C($0.09). The company had revenue of C$3.70 billion for the quarter, compared to the consensus estimate of C$5.27 billion. On average, research analysts predict that Canadian Natural Resources Ltd will post 2.97074781715836 earnings per share for the current year.

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.

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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.

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