Stephen Laut Sells 7,000 Shares of Canadian Natural Resources (TSE:CNQ) Stock

Key Points

• Stephen Laut, a director at Canadian Natural Resources Limited, sold 7,000 shares at an average price of C$43.92, reducing his ownership by 0.78% to approximately C$39.32 million.
• The stock's recent trading activity shows a price of C$45.71 with a market cap of C$95.10 billion, having a price-to-earnings ratio of 11.60.
• Analysts have set a consensus target price of C$54.75 for Canadian Natural Resources, with eight analysts rating it as a Buy.

Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) NYSE: CNQ Director Stephen Laut sold 7,000 shares of Canadian Natural Resources stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of C$43.92, for a total value of C$307,440.00. Following the transaction, the director directly owned 895,350 shares of the company's stock, valued at approximately C$39,323,772. This represents a 0.78% decrease in their ownership of the stock.

Canadian Natural Resources Price Performance

CNQ stock traded up C$0.43 during midday trading on Tuesday, hitting C$45.71. 2,723,651 shares of the stock were exchanged, compared to its average volume of 14,877,810. The stock's 50-day moving average price is C$43.26 and its 200-day moving average price is C$42.63. The stock has a market cap of C$95.10 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 0.53 and a beta of 0.88. Canadian Natural Resources Limited has a fifty-two week low of C$34.92 and a fifty-two week high of C$52.15. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84.

Analysts Set New Price Targets

CNQ has been the subject of several research reports. Raymond James Financial lifted their price objective on Canadian Natural Resources from C$52.00 to C$54.00 and gave the stock an "outperform" rating in a report on Friday, August 8th. Scotiabank lifted their price objective on Canadian Natural Resources from C$50.00 to C$54.00 in a report on Friday, July 11th. Royal Bank Of Canada cut their price target on Canadian Natural Resources from C$64.00 to C$62.00 and set an "outperform" rating for the company in a report on Friday, August 8th. Finally, Wells Fargo & Company boosted their price target on 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. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$54.75.

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.

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