Canadian Natural Resources Limited (TSE:CNQ - Get Free Report) (NYSE:CNQ) Senior Officer Erin Louise Lunn sold 3,664 shares of the business's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of C$35.59, for a total transaction of C$130,419.35.
Canadian Natural Resources Stock Performance
Shares of CNQ opened at C$110.32 on Friday. The stock has a 50 day moving average price of C$93.40 and a 200 day moving average price of C$89.60. The company has a quick ratio of 0.54, a current ratio of 0.96 and a debt-to-equity ratio of 31.01. The company has a market capitalization of C$118.04 billion, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 0.53 and a beta of 1.98. Canadian Natural Resources Limited has a 52-week low of C$69.83 and a 52-week high of C$110.35.
Canadian Natural Resources (TSE:CNQ - Get Free Report) (NYSE:CNQ) last announced its quarterly earnings results on Thursday, February 29th. The company reported C$2.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$2.14 by C$0.20. The firm had revenue of C$9.55 billion during the quarter, compared to the consensus estimate of C$9.04 billion. Canadian Natural Resources had a return on equity of 21.11% and a net margin of 22.89%. Research analysts predict that Canadian Natural Resources Limited will post 7.4656696 EPS for the current fiscal year.
Canadian Natural Resources Increases Dividend
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The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a yield of 3.81%. This is an increase from Canadian Natural Resources's previous quarterly dividend of $1.00. The ex-dividend date was Thursday, March 14th. Canadian Natural Resources's dividend payout ratio is 51.54%.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. Evercore boosted their price target on shares of Canadian Natural Resources from C$90.00 to C$105.00 and gave the stock an "in-line" rating in a research note on Friday, March 1st. BMO Capital Markets boosted their price target on shares of Canadian Natural Resources from C$110.00 to C$115.00 in a research note on Thursday, March 28th. TD Securities boosted their price target on shares of Canadian Natural Resources from C$100.00 to C$110.00 and gave the stock a "buy" rating in a research note on Friday, March 1st. National Bankshares upped their target price on shares of Canadian Natural Resources from C$90.00 to C$94.00 and gave the stock a "sector perform" rating in a research note on Friday, March 1st. Finally, Royal Bank of Canada upped their target price on shares of Canadian Natural Resources from C$94.00 to C$100.00 and gave the stock an "outperform" rating in a research note on Friday, March 1st. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, Canadian Natural Resources presently has an average rating of "Moderate Buy" and an average price target of C$100.75.
Check Out Our Latest Report on Canadian Natural Resources
About Canadian Natural Resources
(
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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 light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).
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