Canadian Natural Resources Limited (TSE:CNQ) Director Stephen W. Laut Purchases 980 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Stephen W. Laut bought 980 shares of Canadian Natural Resources stock in a transaction dated Wednesday, April 2nd. The stock was purchased at an average price of C$44.65 per share, with a total value of C$43,757.00.

Stephen W. Laut also recently made the following trade(s):

• On Wednesday, March 12th, Stephen W. Laut sold 2,500 shares of Canadian Natural Resources stock. The stock was sold at an average price of C$42.02, for a total transaction of C$105,050.00.
• On Thursday, February 6th, Stephen W. Laut sold 3,180 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$43.95, for a total transaction of C$139,761.00.
• On Monday, January 6th, Stephen W. Laut bought 942 shares of Canadian Natural Resources stock. The shares were acquired at an average price of C$46.46 per share, for a total transaction of C$43,765.32.

Canadian Natural Resources Price Performance

Shares of TSE:CNQ opened at C$39.24 on Friday. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84. The business’s fifty day moving average price is C$42.78 and its two-hundred day moving average price is C$45.20. The stock has a market cap of C$82.35 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. Canadian Natural Resources Limited has a one year low of C$37.11 and a one year high of C$56.49.

Analysts Set New Price Targets

CNQ has been the topic of a number of analyst reports. BMO Capital Markets decreased their price target on Canadian Natural Resources from C$60.00 to C$58.00 in a research note on Friday, December 13th. Scotiabank upgraded shares of Canadian Natural Resources from a “sector perform” rating to an “outperform” rating and set a C$56.00 target price on the stock in a research report on Wednesday, March 19th. Royal Bank of Canada increased their price target on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a report on Friday, March 7th. Tudor Pickering downgraded shares of Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, National Bankshares dropped their target price on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a “sector perform” rating for the company in a report on Friday, March 7th. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$68.53.

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.