Canadian Natural Resources Limited (TSE:CNQ) Director Acquires C$43,757.00 in Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Director Stephen W. Laut bought 980 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of C$44.65 per share, for a total transaction 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 shares were sold at an average price of C$42.02, for a total value of C$105,050.00.
• 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 acquired 942 shares of Canadian Natural Resources stock. The shares were acquired at an average price of C$46.46 per share, with a total value of C$43,765.32.

Canadian Natural Resources Stock Up 9.5 %

Shares of TSE:CNQ traded up C$3.41 during midday trading on Wednesday, hitting C$39.26. 15,854,002 shares of the stock were exchanged, compared to its average volume of 13,241,209. The business's fifty day simple moving average is C$42.11 and its two-hundred day simple moving average is C$44.96. 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$34.92 and a 52-week high of C$56.49. The company has a market capitalization of C$82.39 billion, a PE ratio of 10.90, a P/E/G ratio of 0.53 and a beta of 1.89.

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Analysts Set New Price Targets

CNQ has been the subject of several recent research reports. 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. Jefferies Financial Group dropped their price target on Canadian Natural Resources from C$54.00 to C$50.00 in a report on Thursday, January 30th. BMO Capital Markets reduced their price objective on Canadian Natural Resources from C$60.00 to C$58.00 in a research note on Friday, December 13th. Gerdes Energy Research raised Canadian Natural Resources from a "neutral" rating to a "buy" rating in a research report on Monday, December 16th. Finally, Raymond James raised Canadian Natural Resources from a "market perform" rating to an "outperform" rating and reduced their target price for the company from C$52.00 to C$49.00 in a report on Wednesday. Five investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Canadian Natural Resources has a consensus rating of "Moderate Buy" and a consensus price target of C$64.71.

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.