Erin Louise Lunn Sells 2,360 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Erin Louise Lunn sold 2,360 shares of Canadian Natural Resources stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of C$87.14, for a total transaction of C$205,650.40.

Canadian Natural Resources Price Performance

TSE:CNQ opened at C$87.42 on Friday. The company has a debt-to-equity ratio of 35.40, a current ratio of 0.69 and a quick ratio of 0.54. The firm has a market cap of C$95.29 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 0.53 and a beta of 2.04. The company has a 50 day moving average price of C$78.78 and a 200-day moving average price of C$77.28. Canadian Natural Resources Limited has a 1-year low of C$61.23 and a 1-year high of C$87.97.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings results on Thursday, August 3rd. The company reported C$1.14 EPS for the quarter, missing the consensus estimate of C$1.16 by C($0.02). The company had revenue of C$7.89 billion during the quarter, compared to analysts’ expectations of C$7.19 billion. Canadian Natural Resources had a return on equity of 19.48% and a net margin of 20.72%. Equities research analysts forecast that Canadian Natural Resources Limited will post 7.1131601 EPS for the current year.

Canadian Natural Resources Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend is Thursday, September 14th. Canadian Natural Resources’s payout ratio is presently 52.71%.

Wall Street Analyst Weigh In

A number of analysts recently commented on CNQ shares. CIBC lifted their target price on shares of Canadian Natural Resources from C$90.00 to C$93.00 and gave the stock an “outperform” rating in a research note on Tuesday. National Bank Financial decreased their price objective on shares of Canadian Natural Resources from C$105.00 to C$93.00 in a research note on Thursday, June 29th. National Bankshares cut shares of Canadian Natural Resources from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$93.00 to C$90.00 in a research note on Friday, August 4th. Jefferies Financial Group lifted their price objective on shares of Canadian Natural Resources from C$84.00 to C$94.00 and gave the company a “hold” rating in a research note on Monday. Finally, UBS Group set a C$90.00 price objective on shares of Canadian Natural Resources and gave the company a “buy” rating in a research note on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$90.35.

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).