Canadian Natural Resources (TSE:CNQ) Shares Pass Above 200-Day Moving Average of $70.78

Canadian Natural Resources Limited (TSE:CNQGet Rating) (NYSE:CNQ)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$70.78 and traded as high as C$74.46. Canadian Natural Resources shares last traded at C$71.99, with a volume of 8,770,021 shares traded.

CNQ has been the topic of a number of research analyst reports. CIBC lifted their price target on Canadian Natural Resources from C$90.00 to C$95.00 in a research note on Thursday, June 9th. BMO Capital Markets lifted their price target on Canadian Natural Resources from C$92.00 to C$95.00 in a research note on Friday, May 6th. Wells Fargo & Company lifted their price objective on Canadian Natural Resources from C$79.00 to C$84.00 and gave the stock a “na” rating in a research report on Friday, May 6th. Stifel Nicolaus lifted their price objective on Canadian Natural Resources from C$100.00 to C$111.00 in a research report on Friday, May 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Canadian Natural Resources from C$66.00 to C$67.00 in a research report on Friday, March 4th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$78.00.

The firm has a market cap of C$83.10 billion and a price-to-earnings ratio of 9.08. The company has a debt-to-equity ratio of 40.17, a quick ratio of 0.54 and a current ratio of 0.75. The business has a fifty day moving average of C$81.28 and a two-hundred day moving average of C$70.78.

Canadian Natural Resources (TSE:CNQGet Rating) (NYSE:CNQ) last issued its earnings results on Thursday, May 5th. The company reported C$2.86 earnings per share for the quarter, topping the consensus estimate of C$2.45 by C$0.41. The firm had revenue of C$10.68 billion during the quarter, compared to analysts’ expectations of C$8.95 billion. On average, equities research analysts forecast that Canadian Natural Resources Limited will post 8.9999993 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 5th. Investors of record on Friday, June 17th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, June 16th. This represents a $3.00 dividend on an annualized basis and a yield of 4.17%. Canadian Natural Resources’s dividend payout ratio (DPR) is 28.73%.

In other Canadian Natural Resources news, Senior Officer Corey B. Bieber sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of C$76.78, for a total value of C$153,560.00. Also, Senior Officer Trevor James Cassidy sold 9,500 shares of Canadian Natural Resources stock in a transaction that occurred on Monday, May 30th. The stock was sold at an average price of C$86.68, for a total transaction of C$823,460.00. Following the transaction, the insider now owns 34,806 shares in the company, valued at C$3,016,984.08. Over the last 90 days, insiders sold 265,582 shares of company stock valued at $21,745,117.

Canadian Natural Resources Company Profile (TSE:CNQ)

Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.

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