Canadian Natural Resources Limited (CNQ) To Go Ex-Dividend on December 13th

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) declared a quarterly dividend on Monday, October 7th, Zacks reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.525 per share on Friday, January 3rd. This represents a $2.10 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Friday, December 13th.

Canadian Natural Resources Trading Down 0.4 %

Shares of TSE CNQ opened at C$49.61 on Wednesday. Canadian Natural Resources has a 1 year low of C$40.02 and a 1 year high of C$56.49. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. The firm has a 50-day moving average of C$47.03 and a 200 day moving average of C$70.84. The stock has a market cap of C$105.67 billion, a P/E ratio of 14.11, 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 earnings results on Wednesday, July 31st. The company reported C$0.88 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.84 by C$0.04. The business 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%. As a group, sell-side analysts expect that Canadian Natural Resources will post 3.6036866 EPS for the current fiscal year.

Analysts Set New Price Targets

CNQ has been the subject of several recent analyst reports. National Bankshares lifted their target price on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Tuesday. Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$56.00 to C$59.00 in a research note on Tuesday. BMO Capital Markets lifted their price objective on Canadian Natural Resources from C$57.50 to C$60.00 and gave the stock an “outperform” rating in a report on Tuesday. Wolfe Research upgraded shares of Canadian Natural Resources to a “hold” rating in a research note on Thursday, July 18th. Finally, ATB Capital raised their target price on shares of Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Tuesday. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Canadian Natural Resources has a consensus rating of “Hold” and an average price target of C$78.53.

Insiders Place Their Bets

In other news, Senior Officer Devin Craig Lowe sold 3,750 shares of Canadian Natural Resources stock in a transaction that occurred 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. In related news, Senior Officer Devin Craig Lowe sold 3,750 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of C$49.04, for a total transaction of C$183,900.00. Also, Senior Officer Trevor Wagil sold 4,272 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of C$47.51, for a total transaction of C$202,966.99. 4.26% of the stock is currently owned by insiders.

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).