According to BayStreet.CA, equity research analysts at TD Securities lowered their recommendation on Canadian Natural Resources (TSE: CNQ) (NYSE: CNQ) from “action list buy” to “buy” in a note that was delivered to investors on Friday. Investors were the intended recipients of the note. In the past, they had a price goal of $89.00 Canadian Dollars for the stock, but that goal has since increased to $92.00 Canadian Dollars. Their current price goal for the stock is 92.00 Canadian dollars. The price objective that TD Securities provided indicates that there is a possibility that the current price of the stock will increase by 11.26% in the future.

The price of the TSE: CNQ increased by $0.25 throughout Friday’s trading sessions, bringing it up to $82.69 overall. The number of shares traded by the company was 2,203,940, which is significantly less than its typical volume of 6,138,186 shares. The moving averages for the past 50 days and 200 days of the company’s stock price are currently sitting at C$73.22 and C$73.80, respectively. As a result, the debt-to-equity ratio is calculated to be 36.02, the quick ratio is calculated to be 0.60, and the current ratio is calculated to be 0.85. Over the past 52 weeks, the price of Canadian Natural Resources has fluctuated widely, going as low as 48.42 Canadian dollars and as high as 88.18 Canadian dollars. The company has a price-to-earnings ratio of 8.59, and its market capitalization is currently at 95.45 billion Canadian dollars.

On August 4, the quarterly earnings report for Canadian Natural Resources (TSE: CNQ) (NYSE: CNQ) was made public. The company reported quarterly earnings per share (EPS) of $0.36, which is an increase of $0.41 compared to the consensus estimate of $2.85 Canadian dollars. The company’s sales came in at C$11.48 billion for the quarter, which is substantially higher than the analyst forecast of C$10.04 billion for the company’s sales. Equity research analysts predict that Canadian Natural Resources will earn $9.9290459 per share in the current fiscal year, which ends on March 31.

On August 25, director Stephen W. Laut made a transaction that sold 5,000 shares of the company’s stock. This is just one of the many recent occurrences that have taken place in recent times. The shares were sold on the open market for a total price of $371,750.00, which works out to a price of $74.00 per share when broken down individually. As a result, the director now possesses 1,671,548 shares of the company’s stock, which have a value of C$124,279,593.80 as a direct result of the transaction. On August 25, director Stephen W. Laut made a transaction in which he sold 5,000 shares of the company’s stock. Today was the day that the transaction took place. The shares were sold on the open market for a total price of $371,750.00, which works out to a price of $74.00 per share when broken down individually. As a result, the director is now in possession of 1,671,548 shares of the company’s stock, which have a value of C$124,279,593.80 as a direct result of the transaction.
Additionally, on September 21, Senior Officer Bryan Charles Bradley sold 10,000 company stock. The total amount received for the sale of the shares was $715,800.00 in Canadian dollars, which works out to an average price of 71.58 Canadian dollars per share. As a result of the transaction, the insider now owns 12,938 shares. Based on the current price of these shares, the insider’s holdings are worth approximately 926,102.04 Canadian dollars. Over the past three months, company insiders have sold 59,780 company stock shares, resulting in a total sale value of $4,411,652.

According to Canadian Natural Resources Limited, the company is acquiring properties, making discoveries, developing properties, producing properties, marketing properties, and selling natural gas liquids and crude oil. Additionally, the company is involved in the marketing and selling natural gas liquids (NGLs). The company gives its clients access to a comprehensive range of crude oils, including synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil, amongst others.

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