Insider Buying: Canadian Natural Resources Limited (TSE:CNQ) Director Buys C$43,765.32 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Stephen W. Laut purchased 942 shares of the stock in a transaction on Monday, January 6th. The stock was acquired at an average price of C$46.46 per share, with a total value of C$43,765.32.

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

• On Tuesday, November 19th, Stephen W. Laut sold 6,400 shares of Canadian Natural Resources stock. The stock was sold at an average price of C$47.04, for a total value of C$301,056.00.

Canadian Natural Resources Trading Down 0.2 %

Shares of TSE:CNQ opened at C$46.91 on Friday. The company has a 50-day simple moving average of C$46.03 and a 200 day simple moving average of C$47.25. The company has a market capitalization of C$99.92 billion, a P/E ratio of 13.36, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. Canadian Natural Resources Limited has a 52-week low of C$40.02 and a 52-week high of C$56.49.

Analyst Ratings Changes

Several research analysts have recently weighed in on CNQ shares. Raymond James upped their price target on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Jefferies Financial Group increased their target price on Canadian Natural Resources from C$49.00 to C$57.00 in a report on Friday, October 11th. ATB Capital boosted their price target on Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “buy” rating and increased their price objective for the stock from C$56.00 to C$59.00 in a report on Tuesday, October 8th. Finally, CIBC boosted their target price on Canadian Natural Resources from C$57.50 to C$59.00 in a research note on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Natural Resources currently has an average rating of “Moderate Buy” and an average price target of C$71.94.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).