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 that occurred 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 stock was 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 purchased 942 shares of Canadian Natural Resources stock. The shares were purchased at an average cost of C$46.46 per share, for a total transaction of C$43,765.32.

Canadian Natural Resources Stock Up 2.0 %

CNQ stock opened at C$42.21 on Friday. The firm has a market cap of C$88.58 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 0.53 and a beta of 1.89. Canadian Natural Resources Limited has a 1-year low of C$37.11 and a 1-year high of C$56.49. The firm has a fifty day moving average price of C$43.47 and a two-hundred day moving average price of C$45.56. The company has a debt-to-equity ratio of 25.79, a current ratio of 0.84 and a quick ratio of 0.54.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CNQ. Raymond James upped their price objective on shares of Canadian Natural Resources from C$51.00 to C$52.00 and gave the company a “market perform” rating in a research report on Friday, March 7th. BMO Capital Markets reduced their price target on Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Gerdes Energy Research upgraded Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. Royal Bank of Canada increased 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 note on Friday, March 7th. Finally, Wells Fargo & Company decreased their price target on shares of Canadian Natural Resources from C$50.00 to C$44.00 in a research report on Friday, March 7th. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$68.60.

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.