Stephen W. Laut, director of Canadian Natural Resources Limited (TSE: CNQ) (NYSE: CNQ), sold 1,875 shares of the stock on Thursday, March 18. The shares were sold at an average price of $ 37.30 for a total transaction of $ 69,937.50. Upon completion of the sale, the director now directly holds 2,273,237 shares in the company valued at approximately $ 84,791,740.10.
Stephen W. Laut also recently did the following:
- On Monday, March 15, Stephen W. Laut sold 5,000 shares of Natural Resources Canada stock. The shares were sold at an average price of $ 40.36 for a total transaction of $ 201,800.
- On Friday, March 12, Stephen W. Laut sold 5,000 shares in Canadian Natural Resources. The shares were sold at an average price of $ 40.28 for a total transaction of $ 201,375.
- On Wednesday, March 10, Stephen W. Laut sold 60,000 shares in Canadian Natural Resources. The shares were sold at an average price of $ 38.72 for a total transaction of $ 2,322,900.
- On Friday, January 15, Stephen W. Laut sold 5,000 shares in Canadian Natural Resources. The stock sold at an average price of $ 31.98 for a total value of $ 159,895.
- On Wednesday, January 13, Stephen W. Laut sold 5,000 shares in Canadian Natural Resources. The stock sold at an average price of $ 33.71 for a total of $ 168,569.
- On Tuesday, January 5th, Stephen W. Laut acquired 1,350 shares in Canadian Natural Resources. The shares were acquired at an average price of $ 32.40 per share for a total value of $ 43,740.95.
TSE: CNQ shares traded around $ 0.70 during Friday’s trading hours to hit $ 37.73. The share had a trading volume of 23,623,171 shares compared to an average volume of 6,674,764 shares. The stock’s 50-day simple moving average is $ 35.10 and the 200-day simple moving average is $ 29.07. The company has a market capitalization of $ 44.73 billion and a value for money of -101.97. The company has a leverage ratio of 71.47, a fast rate of 0.59, and a current rate of 0.86. Canadian Natural Resources Limited has a 1 year low of $ 11.52 and a 1 year high of $ 41.05.
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Several research companies have recently commented on CNQ. The UBS Group raised its target price for Canadian natural resources on Thursday, January 7th, in a research note from C $ 30.00 to C $ 43.00. ATB Capital posted an “Outperform” rating on Monday, January 25th, and issued a report with a target price of $ 39.50 on shares in Canadian Natural Resources. The Royal Bank of Canada issued an “Outperform” rating on Thursday, December 10th, and issued a report with a target price of $ 34.00 on shares of Canadian Natural Resources. Bank of America raised its target price on Canadian natural resources from C $ 41.00 to C $ 44.00 in a report on Wednesday, February 24th. Finally, Tudor Pickering & Holt raised its target price on Canadian natural resources from C $ 40.00 to C $ 43.00 and rated the company a “Buy” in a report on Thursday, March 4th. One investment analyst has given the stock a hold rating and ten have given the stock a buy rating. Canadian Natural Resources currently has an average “Buy” rating and an average price target of $ 39.33.
Canadian Natural Resources Company Profile
Canadian Natural Resources Limited researches, develops, manufactures, and markets crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude (SCO), light and medium crude, bitumen (thermal oil), primary heavy crude, and heavy crude from Pelican Lake. Midstream assets include two crude oil pipeline systems; and a 50% stake in an 84 megawatt cogeneration power plant in Primrose.
See also: Overbought
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