Canadian Natural Resources (TSE:CNQ) Reaches New 1-Year Low at $45.45

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ)’s share price reached a new 52-week low on Monday . The stock traded as low as C$45.45 and last traded at C$45.85, with a volume of 5433596 shares traded. The stock had previously closed at C$46.62.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CNQ shares. Jefferies Financial Group upped their price target on shares of Canadian Natural Resources from C$86.00 to C$110.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Desjardins cut shares of Canadian Natural Resources from a “buy” rating to a “hold” rating and upped their price target for the stock from C$104.00 to C$110.00 in a report on Tuesday, April 23rd. Scotiabank lowered their price target on Canadian Natural Resources from C$114.00 to C$57.00 and set a “sector perform” rating on the stock in a research report on Tuesday, June 11th. National Bankshares raised their price target on Canadian Natural Resources from C$94.00 to C$120.00 and gave the company a “sector perform” rating in a research report on Friday, April 19th. Finally, Raymond James lowered their price target on Canadian Natural Resources from C$97.00 to C$49.00 and set a “market perform” rating on the stock in a research report on Wednesday, June 12th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$104.88.

Canadian Natural Resources Stock Performance

The company has a debt-to-equity ratio of 31.83, a quick ratio of 0.54 and a current ratio of 0.88. The business has a 50-day moving average price of C$99.99 and a 200 day moving average price of C$93.71. The stock has a market capitalization of C$49.49 billion, a P/E ratio of 6.72, a PEG ratio of 0.53 and a beta of 1.97.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings results on Thursday, May 2nd. The company reported C$1.37 EPS for the quarter, missing analysts’ consensus estimates of C$1.40 by C($0.03). Canadian Natural Resources had a return on equity of 19.01% and a net margin of 20.86%. The company had revenue of C$8.24 billion during the quarter, compared to the consensus estimate of C$8.17 billion. As a group, sell-side analysts forecast that Canadian Natural Resources Limited will post 6.8572356 EPS for the current fiscal year.

Canadian Natural Resources Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be paid a dividend of $1.05 per share. The ex-dividend date is Monday, June 17th. This represents a $4.20 dividend on an annualized basis and a yield of 9.08%. Canadian Natural Resources’s dividend payout ratio is presently 58.65%.

Insider Buying and Selling at Canadian Natural Resources

In other news, Senior Officer Devin Craig Lowe sold 3,750 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$100.29, for a total value of C$376,087.50. In other news, Senior Officer Scott Gerald Stauth sold 13,250 shares of the company’s stock in a transaction on Monday, March 25th. The stock was sold at an average price of C$102.32, for a total value of C$1,355,779.75. Also, Senior Officer Devin Craig Lowe sold 3,750 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of C$100.29, for a total value of C$376,087.50. In the last ninety days, insiders sold 25,917 shares of company stock worth $2,430,833. Insiders own 2.21% of the company’s stock.

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).