Canadian Natural Resources Limited (TSE:CNQ) Declares Quarterly Dividend of $1.05

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Stockholders of record on Monday, June 17th will be paid a dividend of 1.05 per share on Friday, July 5th. This represents a $4.20 annualized dividend and a dividend yield of 9.01%. The ex-dividend date of this dividend is Monday, June 17th.

Canadian Natural Resources Trading Down 0.5 %

CNQ opened at C$46.62 on Friday. The firm has a market cap of C$49.88 billion, a price-to-earnings ratio of 6.84, a price-to-earnings-growth ratio of 0.53 and a beta of 1.97. Canadian Natural Resources has a 52 week low of C$34.92 and a 52 week high of C$56.49. The business’s 50 day moving average is C$99.99 and its two-hundred day moving average is C$93.68. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 31.83.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last released its quarterly earnings results on Thursday, May 2nd. The company reported C$1.37 EPS for the quarter, missing the consensus estimate of C$1.40 by C($0.03). The firm had revenue of C$8.24 billion for the quarter, compared to analyst estimates of C$8.17 billion. Canadian Natural Resources had a return on equity of 19.01% and a net margin of 20.86%. On average, research analysts predict that Canadian Natural Resources will post 6.8572356 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CNQ. UBS Group boosted their target price on Canadian Natural Resources from C$113.00 to C$124.00 in a report on Tuesday, April 9th. Evercore lifted their price target on Canadian Natural Resources from C$105.00 to C$115.00 in a research note on Monday, April 8th. BMO Capital Markets lifted their price target on Canadian Natural Resources from C$110.00 to C$115.00 in a research note on Thursday, March 28th. Royal Bank of Canada lifted their price target on Canadian Natural Resources from C$100.00 to C$120.00 in a research note on Tuesday, April 9th. Finally, CIBC lifted their price target on Canadian Natural Resources from C$105.00 to C$115.00 and gave the company an “outperform” rating in a research note on Monday, April 22nd. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources presently has an average rating of “Moderate Buy” and an average target price of C$104.88.

Insider Activity at Canadian Natural Resources

In related news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$110.81, for a total value of C$332,430.00. In related news, Senior Officer Warren Paul Raczynski sold 3,000 shares of the company’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of C$110.81, for a total value of C$332,430.00. Also, Senior Officer Erin Louise Lunn sold 3,664 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of C$35.59, for a total value of C$130,419.35. Over the last ninety days, insiders sold 55,917 shares of company stock worth $5,411,630. 2.21% of the stock is currently owned by insiders.

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).