Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$181,612.50 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Devin Craig Lowe sold 3,750 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of C$48.43, for a total value of C$181,612.50.

Canadian Natural Resources Trading Down 0.0 %

TSE CNQ opened at C$48.35 on Thursday. The stock has a market capitalization of C$51.73 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.53 and a beta of 1.97. The business’s fifty day moving average is C$91.31 and its 200-day moving average is C$91.72. The company has a debt-to-equity ratio of 31.83, a current ratio of 0.88 and a quick ratio of 0.54. Canadian Natural Resources Limited has a one year low of C$35.62 and a one year high of C$56.49.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its earnings results on Thursday, May 2nd. The company reported C$1.37 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.40 by C($0.03). Canadian Natural Resources had a net margin of 20.86% and a return on equity of 19.01%. The company had revenue of C$8.24 billion during the quarter, compared to analysts’ expectations of C$8.17 billion. Equities research analysts predict that Canadian Natural Resources Limited will post 6.8572356 EPS for the current year.

Canadian Natural Resources Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Monday, June 17th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 8.69%. The ex-dividend date is Monday, June 17th. Canadian Natural Resources’s dividend payout ratio (DPR) is 58.65%.

Analyst Ratings Changes

A number of equities research analysts have commented on CNQ shares. Jefferies Financial Group raised their price objective on Canadian Natural Resources from C$86.00 to C$110.00 and gave the company a “hold” rating in a research note on Friday, April 12th. ATB Capital boosted their price target on shares of Canadian Natural Resources from C$100.00 to C$107.00 and gave the company an “outperform” rating in a research note on Wednesday, March 20th. National Bankshares lifted their price objective on shares of Canadian Natural Resources from C$94.00 to C$120.00 and gave the company a “sector perform” rating in a report on Friday, April 19th. Desjardins lowered shares of Canadian Natural Resources from a “buy” rating to a “hold” rating and upped their target price for the stock from C$104.00 to C$110.00 in a report on Tuesday, April 23rd. Finally, Royal Bank of Canada raised their price target on shares of Canadian Natural Resources from C$100.00 to C$120.00 in a research report on Tuesday, April 9th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Canadian Natural Resources has an average rating of “Moderate Buy” and an average target price of C$104.88.

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).