Canadian Natural Resources Limited (TSE:CNQ – Get Rating) (NYSE:CNQ) Director Stephen W. Laut sold 60,000 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of C$75.46, for a total transaction of C$4,527,600.00.
Stephen W. Laut also recently made the following trade(s):
- On Wednesday, March 8th, Stephen W. Laut sold 5,000 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$80.00, for a total transaction of C$400,010.00.
- On Monday, March 6th, Stephen W. Laut sold 5,000 shares of Canadian Natural Resources stock. The shares were sold at an average price of C$80.78, for a total transaction of C$403,875.00.
Canadian Natural Resources Stock Up 0.6 %
Canadian Natural Resources stock traded up C$0.43 during mid-day trading on Friday, hitting C$75.60. The company had a trading volume of 318,335 shares, compared to its average volume of 5,489,004. The stock has a market cap of C$82.40 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 0.53 and a beta of 2.02. Canadian Natural Resources Limited has a 1 year low of C$58.75 and a 1 year high of C$87.92. The company has a quick ratio of 0.54, a current ratio of 0.83 and a debt-to-equity ratio of 35.14. The business has a fifty day moving average of C$77.18 and a 200 day moving average of C$77.46.
Canadian Natural Resources (TSE:CNQ – Get Rating) (NYSE:CNQ) last announced its quarterly earnings results on Thursday, March 2nd. The company reported C$1.96 EPS for the quarter, missing the consensus estimate of C$2.21 by C($0.25). The company had revenue of C$9.69 billion during the quarter, compared to analysts’ expectations of C$9.46 billion. Canadian Natural Resources had a net margin of 23.94% and a return on equity of 25.00%. On average, sell-side analysts expect that Canadian Natural Resources Limited will post 7.9854922 earnings per share for the current fiscal year.
Canadian Natural Resources Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Friday, June 16th will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, June 15th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 4.76%. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 42.30%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the stock. National Bank Financial upped their target price on shares of Canadian Natural Resources from C$100.00 to C$110.00 in a research report on Tuesday, April 18th. National Bankshares reduced their price target on shares of Canadian Natural Resources from C$110.00 to C$105.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. Wells Fargo & Company increased their price target on shares of Canadian Natural Resources from C$76.00 to C$82.00 in a research report on Friday, March 3rd. Morgan Stanley reduced their price target on shares of Canadian Natural Resources from C$90.00 to C$87.00 in a research report on Monday, March 27th. Finally, Scotiabank increased their price target on shares of Canadian Natural Resources from C$86.00 to C$87.00 in a research report on Thursday, April 13th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Canadian Natural Resources has an average rating of “Moderate Buy” and an average price target of C$91.79.
About Canadian Natural Resources
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers synthetic crude oil (SCO), light and medium crude oil, bitumen (thermal oil), primary heavy crude oil, and Pelican Lake heavy crude oil.
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