Canadian Natural Resources Limited (TSE:CNQ) Director Buys C$43,730.82 in Stock

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Director Stephen W. Laut acquired 1,006 shares of the stock in a transaction dated Wednesday, July 2nd. The shares were purchased at an average cost of C$43.47 per share, with a total value of C$43,730.82.

Canadian Natural Resources Stock Down 0.2%

Shares of Canadian Natural Resources stock traded down C$0.07 on Wednesday, reaching C$43.90. The stock had a trading volume of 2,183,208 shares, compared to its average volume of 14,467,664. The company has a 50 day moving average price of C$43.09 and a 200 day moving average price of C$42.79. The company has a quick ratio of 0.54, a current ratio of 0.84 and a debt-to-equity ratio of 25.79. Canadian Natural Resources Limited has a 1 year low of C$34.92 and a 1 year high of C$52.15. The stock has a market capitalization of C$92.13 billion, a P/E ratio of 12.19, a P/E/G ratio of 0.53 and a beta of 1.89.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Canadian Natural Resources from C$42.00 to C$46.00 and gave the stock an "equal weight" rating in a report on Thursday, June 26th. Scotiabank upgraded shares of Canadian Natural Resources from a "sector perform" rating to an "outperform" rating and set a C$56.00 price objective on the stock in a report on Wednesday, March 19th. Desjardins cut their price objective on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. CIBC upped their price objective on shares of Canadian Natural Resources from C$59.00 to C$62.00 in a report on Thursday, April 10th. Finally, Raymond James Financial upgraded shares of Canadian Natural Resources from a "market perform" rating to an "outperform" rating and cut their price target for the company from C$52.00 to C$49.00 in a report on Wednesday, April 9th. Five research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$54.58.

Canadian Natural Resources Company Profile

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.