Insider Selling: Canadian Natural Resources Limited (CNQ) Insider Sells 2,500 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) insider Allan E. Frankiw sold 2,500 shares of Canadian Natural Resources stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of C$44.97, for a total transaction of C$112,425.00.

Shares of Canadian Natural Resources Limited (CNQ) opened at C$44.39 on Friday. The stock has a market cap of $54,070.00, a PE ratio of 20.00 and a beta of 1.07. Canadian Natural Resources Limited has a 52-week low of C$35.90 and a 52-week high of C$47.00.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its earnings results on Thursday, November 2nd. The company reported C$0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.14 by C($0.05). Canadian Natural Resources had a net margin of 15.95% and a return on equity of 8.80%.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 1st. Stockholders of record on Tuesday, December 12th were given a $0.275 dividend. The ex-dividend date of this dividend was Monday, December 11th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.48%. Canadian Natural Resources’s payout ratio is presently 48.42%.

A number of equities analysts have commented on CNQ shares. Royal Bank of Canada lifted their price objective on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “top pick” rating in a research report on Friday, November 3rd. National Bank Financial reaffirmed an “outperform” rating and set a C$52.00 price objective on shares of Canadian Natural Resources in a research report on Friday, November 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Canadian Natural Resources from C$47.00 to C$48.00 in a research report on Friday, November 3rd. GMP Securities lifted their price objective on shares of Canadian Natural Resources from C$52.00 to C$56.00 in a research report on Friday, November 3rd. Finally, TD Securities lifted their price objective on shares of Canadian Natural Resources from C$49.00 to C$51.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Nine equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Canadian Natural Resources currently has an average rating of “Buy” and an average target price of C$52.86.

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Canadian Natural Resources Company Profile

Canadian Natural Resources Limited is an independent crude oil and natural gas exploration, development and production company. The Company’s segments include Exploration and Production, Oil Sands Mining and Upgrading, and Midstream. The Exploration and Production segment includes exploration, development, production and marketing of crude oil, natural gas liquids (NGLs) and natural gas.

Insider Buying and Selling by Quarter for Canadian Natural Resources (TSE:CNQ)

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