Canadian Natural Resources Limited (TSE:CNQ) Director Stephen W. Laut Sells 60,000 Shares

Canadian Natural Resources Limited (TSE:CNQ – Get Rating) (NYSE:CNQ) Director Stephen W. Laut sold 60,000 shares of the stock in a transaction on Thursday, May 25th. The stock was sold at an average price of C$75.46, for a total value of C$4,527,600.00.

Stephen W. Laut also recently made the following trade(s):

• On Wednesday, March 8th, Stephen W. Laut sold 5,000 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$80.00, for a total value of C$400,010.00.
• On Monday, March 6th, Stephen W. Laut sold 5,000 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$80.78, for a total value of C$403,875.00.

Canadian Natural Resources Price Performance

Canadian Natural Resources stock traded up C$0.43 during midday trading on Friday, reaching C$75.60. 318,335 shares of the company were exchanged, compared to its average volume of 5,489,004. The company has a market capitalization of C$82.40 billion, a price-to-earnings ratio of 8.83, a P/E/G ratio of 0.53 and a beta of 2.02. The firm’s 50-day simple moving average is C$77.18 and its 200-day simple moving average is C$77.46. Canadian Natural Resources Limited has a 1 year low of C$58.75 and a 1 year high of C$87.92. The company has a debt-to-equity ratio of 35.14, a quick ratio of 0.54 and a current ratio of 0.83.

Canadian Natural Resources (TSE:CNQ – Get Rating) (NYSE:CNQ) last posted its quarterly earnings data on Thursday, March 2nd. The company reported C$1.96 EPS for the quarter, missing analysts’ consensus estimates of C$2.21 by C($0.25). The company had revenue of C$9.69 billion for the quarter, compared to analysts’ expectations of C$9.46 billion. Canadian Natural Resources had a return on equity of 25.00% and a net margin of 23.94%. On average, analysts anticipate that Canadian Natural Resources Limited will post 7.9854922 EPS for the current year.

Canadian Natural Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Friday, June 16th will be given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 4.76%. The ex-dividend date is Thursday, June 15th. Canadian Natural Resources’s dividend payout ratio is presently 42.30%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CNQ shares. Morgan Stanley reduced their target price on Canadian Natural Resources from C$90.00 to C$87.00 in a report on Monday, March 27th. National Bank Financial raised their target price on Canadian Natural Resources from C$100.00 to C$110.00 in a report on Tuesday, April 18th. National Bankshares cut their price target on Canadian Natural Resources from C$110.00 to C$105.00 and set an “outperform” rating for the company in a research note on Friday, May 5th. CSFB cut their price target on Canadian Natural Resources from C$93.00 to C$90.00 in a research note on Thursday, April 6th. Finally, JPMorgan Chase & Co. lifted their price target on Canadian Natural Resources from C$92.00 to C$94.00 in a research note on Tuesday, March 14th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Natural Resources has a consensus rating of “Moderate Buy” and an average target price of C$91.79.

Canadian Natural Resources Company Profile

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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.