Scott Gerald Stauth Buys 27,000 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Scott Gerald Stauth purchased 27,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was bought at an average cost of C$46.52 per share, with a total value of C$1,256,121.00.

Canadian Natural Resources Trading Down 3.9 %

Shares of CNQ stock opened at C$45.45 on Tuesday. Canadian Natural Resources Limited has a 12-month low of C$40.02 and a 12-month high of C$56.49. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64. The business has a 50-day moving average price of C$45.99 and a two-hundred day moving average price of C$47.23. The firm has a market cap of C$96.81 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89.

Analysts Set New Price Targets

CNQ has been the subject of a number of analyst reports. Royal Bank of Canada raised their price target on Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Gerdes Energy Research upgraded Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research report on Monday, December 16th. Jefferies Financial Group boosted their target price on Canadian Natural Resources from C$49.00 to C$57.00 in a research report on Friday, October 11th. Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$56.00 to C$59.00 in a research 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 report on Wednesday, October 9th. Six analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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).