Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 3,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Warren Paul Raczynski sold 3,000 shares of the company’s stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of C$110.81, for a total transaction of C$332,430.00.

Canadian Natural Resources Stock Up 1.2 %

Shares of TSE CNQ opened at C$110.99 on Wednesday. The company has a 50 day simple moving average of C$94.36 and a 200 day simple moving average of C$90.04. The firm has a market cap of C$118.76 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 0.53 and a beta of 1.98. Canadian Natural Resources Limited has a 1 year low of C$69.83 and a 1 year high of C$111.04. The company has a debt-to-equity ratio of 31.01, a current ratio of 0.96 and a quick ratio of 0.54.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last issued its quarterly earnings data 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 business had revenue of C$9.55 billion during the quarter, compared to analyst estimates of C$9.04 billion. Canadian Natural Resources had a net margin of 22.89% and a return on equity of 21.11%. On average, research analysts forecast that Canadian Natural Resources Limited will post 7.4656696 EPS for the current year.

Canadian Natural Resources Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 3.78%. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $1.00. Canadian Natural Resources’s dividend payout ratio is currently 51.54%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CNQ shares. JPMorgan Chase & Co. upped their price objective on shares of Canadian Natural Resources from C$102.00 to C$106.00 in a research report on Monday, March 4th. National Bankshares increased 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 report on Friday, March 1st. Scotiabank increased their target price on shares of Canadian Natural Resources from C$90.00 to C$100.00 and gave the stock a “sector perform” rating in a report on Friday, March 1st. UBS Group increased their target price on shares of Canadian Natural Resources from C$113.00 to C$124.00 in a report on Tuesday. Finally, Royal Bank of Canada increased their target price on shares of Canadian Natural Resources from C$100.00 to C$120.00 in a report on Tuesday. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$105.73.

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).