Insider Buying: Canadian Natural Resources Limited (TSE:CNQ) Director Buys 980 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Stephen W. Laut bought 980 shares of the stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average cost of C$44.65 per share, with a total value of C$43,757.00.

Stephen W. Laut also recently made the following trade(s):

• On Wednesday, March 12th, Stephen W. Laut sold 2,500 shares of Canadian Natural Resources stock. The stock was sold at an average price of C$42.02, for a total value of C$105,050.00.
• 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 value of C$139,761.00.
• On Monday, January 6th, Stephen W. Laut purchased 942 shares of Canadian Natural Resources stock. The stock was acquired at an average cost of C$46.46 per share, for a total transaction of C$43,765.32.

Canadian Natural Resources Stock Performance

Shares of TSE:CNQ opened at C$39.24 on Friday. The business’s 50-day simple moving average is C$42.78 and its 200 day simple moving average is C$45.20. The company has a market cap of C$82.35 billion, a P/E ratio of 10.89, a PEG ratio of 0.53 and a beta of 1.89. Canadian Natural Resources Limited has a one year low of C$37.11 and a one year high of C$56.49. The company has a debt-to-equity ratio of 25.79, a quick ratio of 0.54 and a current ratio of 0.84.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CNQ. Gerdes Energy Research upgraded shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. Royal Bank of Canada increased their price target on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. National Bankshares decreased their price target on shares of Canadian Natural Resources from C$51.00 to C$49.00 and set a “sector perform” rating on the stock in a report on Friday, March 7th. Evercore ISI upgraded Canadian Natural Resources from a “hold” rating to a “strong-buy” rating in a report on Friday, March 7th. Finally, Jefferies Financial Group reduced their target price on Canadian Natural Resources from C$54.00 to C$50.00 in a report on Thursday, January 30th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Canadian Natural Resources currently has a consensus rating of “Moderate Buy” and an average target price of C$68.53.

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.