Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$376,087.50 in Stock

Canadian Natural Resources Limited (TSE:CNQGet Free Report) (NYSE:CNQ) Senior Officer Devin Craig Lowe sold 3,750 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of C$100.29, for a total transaction of C$376,087.50.

Devin Craig Lowe also recently made the following trade(s):

  • On Monday, March 4th, Devin Craig Lowe sold 1,170 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$96.61, for a total transaction of C$113,033.70.

Canadian Natural Resources Price Performance

Shares of TSE CNQ opened at C$100.79 on Friday. The company has a debt-to-equity ratio of 31.01, a current ratio of 0.96 and a quick ratio of 0.54. The stock has a fifty day moving average price of C$89.49 and a 200 day moving average price of C$88.40. Canadian Natural Resources Limited has a 1-year low of C$69.09 and a 1-year high of C$100.89. The company has a market cap of C$107.85 billion, a PE ratio of 13.49, a P/E/G ratio of 0.53 and a beta of 1.98.

Canadian Natural Resources (TSE:CNQGet Free Report) (NYSE:CNQ) last issued its quarterly earnings results on Thursday, February 29th. The company reported C$2.34 earnings per share for the quarter, topping the consensus estimate of C$2.14 by C$0.20. Canadian Natural Resources had a return on equity of 21.11% and a net margin of 22.89%. The firm had revenue of C$9.55 billion during the quarter, compared to the consensus estimate of C$9.04 billion. Sell-side analysts forecast that Canadian Natural Resources Limited will post 7.0704125 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Friday, March 15th will be issued a $1.05 dividend. The ex-dividend date is Thursday, March 14th. This represents a $4.20 dividend on an annualized basis and a yield of 4.17%. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $1.00. Canadian Natural Resources’s dividend payout ratio (DPR) is 51.54%.

Wall Street Analysts Forecast Growth

CNQ has been the topic of several recent analyst reports. Evercore increased their price target on shares of Canadian Natural Resources from C$90.00 to C$105.00 and gave the company an “in-line” rating in a research note on Friday, March 1st. Desjardins dropped their price target on shares of Canadian Natural Resources from C$105.00 to C$97.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Scotiabank increased their price target on shares of Canadian Natural Resources from C$90.00 to C$100.00 and gave the company a “sector perform” rating in a research note on Friday, March 1st. TD Securities increased their price target on shares of Canadian Natural Resources from C$100.00 to C$110.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of Canadian Natural Resources from C$102.00 to C$106.00 in a research note on Monday, March 4th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$99.65.

View Our Latest Stock Analysis on CNQ

About Canadian Natural Resources

(Get Free Report)

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).

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

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