Insider Buying: Canadian Natural Resources Limited (TSE:CNQ) Director Purchases 942 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Stephen W. Laut bought 942 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was acquired at an average price of C$46.46 per share, for a total transaction of C$43,765.32.

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

• On Tuesday, November 19th, Stephen W. Laut sold 6,400 shares of Canadian Natural Resources stock. The stock was sold at an average price of C$47.04, for a total transaction of C$301,056.00.

Canadian Natural Resources Stock Performance

CNQ stock traded up C$0.78 on Tuesday, hitting C$47.01. The company’s stock had a trading volume of 7,967,616 shares, compared to its average volume of 8,321,293. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64. Canadian Natural Resources Limited has a 1 year low of C$40.02 and a 1 year high of C$56.49. The firm has a 50 day moving average of C$46.07 and a two-hundred day moving average of C$47.24. The stock has a market cap of C$100.13 billion, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89.

Analysts Set New Price Targets

CNQ has been the subject of several recent research reports. Raymond James lifted their target price on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a “market perform” rating in a report on Friday, November 1st. BMO Capital Markets dropped their target price on Canadian Natural Resources from C$60.00 to C$58.00 in a report on Friday, December 13th. Wells Fargo & Company raised their price target on Canadian Natural Resources from C$48.00 to C$50.00 in a report on Monday, December 9th. Jefferies Financial Group upped their price target on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a research note on Friday, October 11th. Finally, National Bankshares increased their price objective on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 8th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Canadian Natural Resources has an average rating of “Moderate Buy” and a consensus price target of C$71.94.

About Canadian Natural Resources

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).