Canadian Natural Resources Limited (TSE:CNQ) Director Stephen W. Laut Purchases 1,006 Shares

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

Canadian Natural Resources Price Performance

CNQ traded down C$0.19 during trading on Wednesday, reaching C$43.78. The stock had a trading volume of 15,135,620 shares, compared to its average volume of 14,567,024. The firm has a market capitalization of C$91.88 billion, a price-to-earnings ratio of 12.16, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. 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 50 day moving average of C$43.17 and a two-hundred day moving average of C$42.80.

Wall Street Analyst Weigh In

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