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

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Stephen W. Laut purchased 980 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were bought at an average cost 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 value 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 value of C$139,761.00.
• On Monday, January 6th, Stephen W. Laut bought 942 shares of Canadian Natural Resources stock. The stock was purchased at an average cost of C$46.46 per share, with a total value of C$43,765.32.

Canadian Natural Resources Stock Performance

Shares of TSE CNQ traded down C$2.81 during midday trading on Friday, reaching C$39.24. The company had a trading volume of 22,744,136 shares, compared to its average volume of 13,008,912. The company has a current ratio of 0.84, a quick ratio of 0.54 and a debt-to-equity ratio of 25.79. The business’s 50-day simple moving average is C$42.89 and its 200 day simple moving average is C$45.23. Canadian Natural Resources Limited has a 1 year low of C$37.11 and a 1 year high of C$56.49. The stock has a market cap of C$82.35 billion, a P/E ratio of 10.89, a P/E/G ratio of 0.53 and a beta of 1.89.

Analyst Ratings Changes

Several brokerages have recently issued reports on CNQ. Tudor Pickering downgraded Canadian Natural Resources from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Evercore ISI raised Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 7th. Scotiabank upgraded shares of Canadian Natural Resources from a “sector perform” rating to an “outperform” rating and set a C$56.00 price target for the company in a report on Wednesday, March 19th. Gerdes Energy Research raised shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research report on Monday, December 16th. Finally, Wells Fargo & Company reduced their price objective on Canadian Natural Resources from C$50.00 to C$44.00 in a research report on Friday, March 7th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average 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.