Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 3,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Warren Paul Raczynski sold 3,000 shares of the business’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$110.81, for a total transaction of C$332,430.00.

Canadian Natural Resources Stock Up 1.5 %

CNQ stock opened at C$112.61 on Thursday. The company’s 50 day simple moving average is C$94.89 and its 200-day simple moving average is C$90.20. Canadian Natural Resources Limited has a 52-week low of C$69.83 and a 52-week high of C$112.99. 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 firm has a market capitalization of C$120.49 billion, a P/E ratio of 15.07, a P/E/G ratio of 0.53 and a beta of 1.98.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its earnings results on Thursday, February 29th. The company reported C$2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.14 by C$0.20. The company had revenue of C$9.55 billion for the quarter, compared to the consensus estimate of C$9.04 billion. Canadian Natural Resources had a net margin of 22.89% and a return on equity of 21.11%. As a group, equities research analysts anticipate that Canadian Natural Resources Limited will post 7.4656696 EPS for the current year.

Canadian Natural Resources Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a $1.05 dividend. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, March 14th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 3.73%. Canadian Natural Resources’s dividend payout ratio is currently 51.54%.

Wall Street Analyst Weigh In

CNQ has been the topic of several recent analyst reports. National Bankshares boosted their target price on Canadian Natural Resources from C$90.00 to C$94.00 and gave the stock a “sector perform” rating in a report on Friday, March 1st. Stifel Nicolaus boosted their price objective on Canadian Natural Resources from C$100.00 to C$110.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. Desjardins cut their price objective on Canadian Natural Resources from C$105.00 to C$97.00 and set a “buy” rating for the company in a report on Tuesday, January 23rd. Jefferies Financial Group lowered their target price on Canadian Natural Resources from C$98.00 to C$96.00 and set a “hold” rating on the stock in a report on Monday, December 18th. Finally, UBS Group boosted their price target on shares of Canadian Natural Resources from C$113.00 to C$124.00 in a research report on Tuesday. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Canadian Natural Resources has a consensus rating of “Moderate Buy” and an average price target of C$105.73.

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).