Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$98,367.36 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Victor Clinton Darel sold 2,252 shares of the stock in a transaction dated Friday, December 27th. The stock was sold at an average price of C$43.68, for a total transaction of C$98,367.36.

Canadian Natural Resources Price Performance

TSE CNQ traded down C$0.05 during trading hours on Monday, hitting C$43.43. 3,841,155 shares of the company’s stock traded hands, compared to its average volume of 12,035,455. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. The firm’s 50-day moving average is C$46.54 and its 200-day moving average is C$47.71. Canadian Natural Resources Limited has a 52-week low of C$40.02 and a 52-week high of C$56.49. The company has a market capitalization of C$92.51 billion, a PE ratio of 12.37, a PEG ratio of 0.53 and a beta of 1.89.

Canadian Natural Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a $0.525 dividend. The ex-dividend date is Friday, December 13th. This represents a $2.10 annualized dividend and a dividend yield of 4.84%. Canadian Natural Resources’s dividend payout ratio is presently 60.97%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price target on Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. CIBC increased their target price on Canadian Natural Resources from C$57.50 to C$59.00 in a research report on Wednesday, October 9th. Desjardins raised shares of Canadian Natural Resources from a “hold” rating to a “buy” rating and boosted their price target for the stock from C$56.00 to C$59.00 in a report on Tuesday, October 8th. Gerdes Energy Research raised shares of Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. Finally, Raymond James lifted their target price on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$71.94.

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).