Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Scott Gerald Stauth Buys 27,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Scott Gerald Stauth acquired 27,000 shares of the stock in a transaction dated Monday, January 13th. The stock was bought at an average cost of C$46.52 per share, with a total value of C$1,256,121.00.

Canadian Natural Resources Price Performance

Shares of TSE CNQ opened at C$45.45 on Tuesday. The stock has a fifty day simple moving average of C$45.99 and a two-hundred day simple moving average of C$47.23. 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 market cap of C$96.81 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The company has a current ratio of 0.88, a quick ratio of 0.54 and a debt-to-equity ratio of 29.64.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CNQ. Gerdes Energy Research raised Canadian Natural Resources from a “neutral” rating to a “buy” rating in a research note on Monday, December 16th. BMO Capital Markets lowered their price objective on Canadian Natural Resources from C$60.00 to C$58.00 in a research note on Friday, December 13th. ATB Capital increased their price objective on Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Royal Bank of Canada increased their price target on Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company increased their price target on Canadian Natural Resources from C$48.00 to C$50.00 in a research report on Monday, December 9th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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).