Canadian Natural Resources Limited (TSE:CNQ) Director Stephen W. Laut Sells 2,500 Shares

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Director Stephen W. Laut sold 2,500 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of C$42.02, for a total transaction of C$105,050.00.

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

• On Thursday, February 6th, Stephen W. Laut sold 3,180 shares of Canadian Natural Resources stock. The stock was 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 purchased 942 shares of Canadian Natural Resources stock. The stock was acquired at an average price of C$46.46 per share, with a total value of C$43,765.32.

Canadian Natural Resources Price Performance

Shares of Canadian Natural Resources stock traded up C$0.51 on Monday, hitting C$42.72. 16,702,082 shares of the company traded hands, compared to its average volume of 11,289,332. The stock has a market capitalization of C$89.65 billion, a P/E ratio of 11.86, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84. Canadian Natural Resources Limited has a 52 week low of C$37.11 and a 52 week high of C$56.49. The business has a 50-day simple moving average of C$43.47 and a 200 day simple moving average of C$45.51.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CNQ. Wells Fargo & Company reduced their price objective on shares of Canadian Natural Resources from C$50.00 to C$44.00 in a research note on Friday, March 7th. TD Securities set a C$58.00 price objective on shares of Canadian Natural Resources and gave the company a "buy" rating in a research note on Tuesday, December 3rd. Tudor Pickering lowered shares of Canadian Natural Resources from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 10th. BMO Capital Markets dropped their price target on shares of Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Finally, Jefferies Financial Group dropped their price target on shares of Canadian Natural Resources from C$54.00 to C$50.00 in a report on Thursday, January 30th. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of C$68.60.

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Canadian Natural Resources Company Profile

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.