Canadian Natural Resources Limited (TSE:CNQ) Announces $1.05 Quarterly Dividend

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) declared a quarterly dividend on Thursday, May 2nd, Zacks reports. Stockholders of record on Monday, June 17th will be given a dividend of 1.05 per share on Friday, July 5th. This represents a $4.20 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Monday, June 17th.

Canadian Natural Resources Price Performance

CNQ opened at C$102.10 on Friday. 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’s 50-day moving average price is C$102.09 and its 200 day moving average price is C$92.30. Canadian Natural Resources has a fifty-two week low of C$69.83 and a fifty-two week high of C$112.99. The firm has a market cap of C$109.25 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 0.53 and a beta of 1.98.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its earnings results on Thursday, February 29th. The company reported C$2.34 EPS for the quarter, beating the consensus estimate of C$2.14 by C$0.20. The company had revenue of C$9.55 billion during the quarter, compared to analyst estimates of C$9.04 billion. Canadian Natural Resources had a return on equity of 21.11% and a net margin of 22.89%. As a group, sell-side analysts expect that Canadian Natural Resources will post 7.6092114 earnings per share for the current year.

Insider Activity

In related news, Senior Officer Devin Craig Lowe sold 1,170 shares of Canadian Natural Resources stock in a transaction dated Monday, March 4th. The stock was sold at an average price of C$96.61, for a total transaction of C$113,033.70. In related news, Senior Officer Devin Craig Lowe sold 1,170 shares of the stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of C$96.61, for a total transaction of C$113,033.70. Also, Senior Officer Calvin John Bast sold 3,750 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of C$97.62, for a total transaction of C$366,058.88. In the last ninety days, insiders have sold 330,009 shares of company stock worth $32,364,302. 2.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have weighed in on CNQ shares. Jefferies Financial Group increased their target price on Canadian Natural Resources from C$86.00 to C$110.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. CIBC lifted their price objective on shares of Canadian Natural Resources from C$105.00 to C$115.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. TD Securities upped their target price on shares of Canadian Natural Resources from C$112.00 to C$117.00 and gave the stock a “buy” rating in a research report on Friday. JPMorgan Chase & Co. raised their price target on shares of Canadian Natural Resources from C$102.00 to C$106.00 in a research note on Monday, March 4th. Finally, Stifel Nicolaus boosted their price objective on Canadian Natural Resources from C$110.00 to C$126.00 and gave the stock a “buy” rating in a research report on Tuesday, April 23rd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$111.47.

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).