Canadian Natural Resources (TSE:CNQ) Stock Price Crosses Above Two Hundred Day Moving Average of $34.50

Canadian Natural Resources Ltd (TSE:CNQ) (NYSE:CNQ)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $34.50 and traded as high as $37.65. Canadian Natural Resources shares last traded at $37.42, with a volume of 5,292,200 shares trading hands.

Several research analysts have recently issued reports on the stock. Tudor Pickering & Holt reiterated a “hold” rating on shares of Canadian Natural Resources in a report on Tuesday, October 8th. CSFB decreased their price objective on shares of Canadian Natural Resources from C$50.00 to C$48.00 in a report on Thursday, August 29th. Raymond James reiterated an “outperform” rating and issued a C$40.00 price objective on shares of Canadian Natural Resources in a report on Friday, November 8th. National Bank Financial increased their price objective on shares of Canadian Natural Resources from C$43.00 to C$44.00 and gave the company a “sector perform” rating in a report on Friday, November 8th. Finally, Wells Fargo & Co cut shares of Canadian Natural Resources from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from C$38.00 to C$29.00 in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of C$44.76.

The stock has a market capitalization of $42.83 billion and a P/E ratio of 11.08. The company has a debt-to-equity ratio of 69.97, a current ratio of 0.60 and a quick ratio of 0.40. The stock’s fifty day moving average is C$35.50 and its two-hundred day moving average is C$34.50.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 1st. Investors of record on Wednesday, December 11th will be issued a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Tuesday, December 10th. Canadian Natural Resources’s payout ratio is 43.27%.

In related news, Senior Officer Troy John Peter Andersen sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of C$36.63, for a total transaction of C$146,520.00. Also, Senior Officer Betty Yee sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of C$37.80, for a total transaction of C$132,300.00. Following the sale, the insider now owns 80,980 shares of the company’s stock, valued at C$3,061,044. Insiders have sold 148,770 shares of company stock valued at $5,491,748 over the last 90 days.

Canadian Natural Resources Company Profile (TSE:CNQ)

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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