The Senior Vice-President of Canadian Natural is Exercising Options

By Carrie Williams

Today it was reported that the Senior Vice-President of Canadian Natural (CNQResearch Report), Jay E Froc, exercised options to sell 19,650 CNQ shares for a total transaction value of $816.7K.

Following Jay E Froc’s last CNQ Sell transaction on March 12, 2021, the stock climbed by 2.5%. In addition to Jay E Froc, one other CNQ executive reported Sell trades in the last month.

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Based on Canadian Natural’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $5.22 billion and quarterly net profit of $749 million. In comparison, last year the company earned revenue of $4.65 billion and had a GAAP net loss of $1.28 billion. The company has a one-year high of $34.75 and a one-year low of $14.85.

Based on 13 analyst ratings, the analyst consensus is Strong Buy with an average price target of $39.97, reflecting a -13.4% downside.

The insider sentiment on Canadian Natural has been negative according to 129 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Founded in 1973, Canadian Natural Resources Ltd. is an oil and natural gas production company. It is engaged in the exploration, development, marketing, and production of crude oil, natural gas, and natural gas liquids (NGLs).