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

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Stephen W. Laut sold 2,500 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of C$42.02, for a total value 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 acquired 942 shares of Canadian Natural Resources stock. The stock was acquired at an average cost of C$46.46 per share, for a total transaction of C$43,765.32.

Canadian Natural Resources Stock Performance

Shares of CNQ opened at C$41.39 on Friday. The company has a market cap of C$86.86 billion, a PE ratio of 11.49, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The firm has a 50-day moving average of C$43.53 and a 200-day moving average of C$45.60. Canadian Natural Resources Limited has a one year low of C$37.11 and a one year high of C$56.49. The company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CNQ shares. Tudor Pickering lowered Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Royal Bank of Canada upped their price target on Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. 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. Evercore ISI raised shares of Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. Finally, TD Securities set a C$58.00 price target on shares of Canadian Natural Resources and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$68.60.

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.