Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 19,000 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Robin Sean Zabek sold 19,000 shares of Canadian Natural Resources stock in a transaction on Monday, December 23rd. The stock was sold at an average price of C$43.07, for a total transaction of C$818,254.00.

Canadian Natural Resources Price Performance

TSE CNQ traded up C$0.67 during trading hours on Monday, reaching C$43.17. The company’s stock had a trading volume of 14,601,455 shares, compared to its average volume of 12,031,217. The company has a debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54. Canadian Natural Resources Limited has a 1-year low of C$40.02 and a 1-year high of C$56.49. The company’s 50-day moving average is C$47.26 and its two-hundred day moving average is C$49.64. The firm has a market capitalization of C$91.95 billion, a price-to-earnings ratio of 12.30, a P/E/G ratio of 0.53 and a beta of 1.89.

Canadian Natural Resources Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.525 per share. The ex-dividend date is Friday, December 13th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 4.86%. Canadian Natural Resources’s dividend payout ratio (DPR) is 60.97%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Desjardins raised Canadian Natural Resources from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$56.00 to C$59.00 in a research report on Tuesday, October 8th. Gerdes Energy Research raised Canadian Natural Resources from a “neutral” rating to a “buy” rating in a report on Monday, December 16th. Royal Bank of Canada increased their price target on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Jefferies Financial Group lifted their price objective on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a research note on Friday, October 11th. Finally, CIBC increased their price objective on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a research note on Wednesday, October 9th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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).