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

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Stephen W. Laut sold 2,500 shares of the company’s stock in a transaction on 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 shares were 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 purchased at an average cost of C$46.46 per share, for a total transaction of C$43,765.32.

Canadian Natural Resources Price Performance

Shares of Canadian Natural Resources stock opened at C$42.21 on Friday. Canadian Natural Resources Limited has a 52 week low of C$37.11 and a 52 week high of C$56.49. 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 stock has a market cap of C$88.58 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The company’s 50-day moving average price is C$43.47 and its two-hundred day moving average price is C$45.56.

Analysts Set New Price Targets

CNQ has been the subject of several recent analyst reports. Raymond James upped their target price on shares of Canadian Natural Resources from C$51.00 to C$52.00 and gave the stock a “market perform” rating in a research report on Friday, March 7th. Evercore ISI raised Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Royal Bank of Canada raised their target price on Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Gerdes Energy Research upgraded Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research report on Monday, December 16th. Finally, TD Securities set a C$58.00 price target on Canadian Natural Resources and gave the company a “buy” rating in a report on Tuesday, December 3rd. Six analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.