Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$183,900.00 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Devin Craig Lowe sold 3,750 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of C$49.04, for a total value of C$183,900.00.

Canadian Natural Resources Trading Down 1.4 %

Shares of TSE:CNQ traded down C$0.71 during trading on Tuesday, reaching C$49.10. The company’s stock had a trading volume of 1,719,335 shares, compared to its average volume of 12,284,878. 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 12 month low of C$40.02 and a 12 month high of C$56.49. The firm’s 50 day simple moving average is C$47.03 and its two-hundred day simple moving average is C$70.84. The stock has a market capitalization of C$104.58 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 0.53 and a beta of 1.91.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings results on Wednesday, July 31st. The company reported C$0.88 EPS for the quarter, beating analysts’ consensus estimates of C$0.84 by C$0.04. The firm had revenue of C$9.05 billion during the quarter, compared to the consensus estimate of C$8.41 billion. Canadian Natural Resources had a net margin of 20.88% and a return on equity of 19.65%. On average, research analysts predict that Canadian Natural Resources Limited will post 3.6036866 EPS for the current fiscal year.

Canadian Natural Resources Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 59.26%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. TD Securities reduced their price objective on Canadian Natural Resources from C$60.00 to C$56.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. Royal Bank of Canada lowered their target price on shares of Canadian Natural Resources from C$62.00 to C$59.00 in a report on Tuesday, September 17th. Gerdes Energy Research lowered shares of Canadian Natural Resources from a “buy” rating to a “neutral” rating in a report on Friday. Raymond James decreased their price objective on shares of Canadian Natural Resources from C$97.00 to C$49.00 and set a “market perform” rating for the company in a report on Wednesday, June 12th. Finally, National Bankshares cut their target price on shares of Canadian Natural Resources from C$58.00 to C$52.00 in a research report on Friday, September 27th. Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$85.81.

Canadian Natural Resources Company Profile

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).