Canadian Natural Resources Ltd (TSE:CNQ) Senior Officer Sells C$904,762.50 in Stock

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Canadian Natural Resources Ltd (TSE:CNQ) (NYSE:CNQ) Senior Officer Scott Gerald Stauth sold 25,000 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of C$36.19, for a total value of C$904,762.50. Following the sale, the insider now owns 49,221 shares of the company’s stock, valued at C$1,781,332.60.

Canadian Natural Resources stock traded up C$0.51 during trading on Friday, reaching C$33.58. The company had a trading volume of 1,597,300 shares, compared to its average volume of 3,631,326. Canadian Natural Resources Ltd has a 52 week low of C$30.01 and a 52 week high of C$42.56. The firm’s 50-day simple moving average is C$33.46 and its 200 day simple moving average is C$35.39. The firm has a market capitalization of $39.80 billion and a price-to-earnings ratio of 8.41. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 74.06.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its earnings results on Thursday, August 1st. The company reported C$0.87 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.85 by C$0.02. The company had revenue of C$5.56 billion during the quarter, compared to the consensus estimate of C$5.80 billion. On average, analysts predict that Canadian Natural Resources Ltd will post 2.4999998 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th were issued a dividend of $0.375 per share. The ex-dividend date was Thursday, September 12th. This represents a $1.50 dividend on an annualized basis and a yield of 4.47%. Canadian Natural Resources’s dividend payout ratio is presently 37.58%.

A number of research analysts have commented on the company. National Bank Financial reaffirmed a “sector perform” rating on shares of Canadian Natural Resources in a research report on Wednesday, October 2nd. GMP Securities decreased their target price on Canadian Natural Resources from C$50.00 to C$48.00 in a research report on Friday, June 28th. UBS Group cut their target price on Canadian Natural Resources from C$59.00 to C$55.00 in a research note on Thursday, June 20th. CSFB cut their target price on Canadian Natural Resources from C$50.00 to C$48.00 in a research note on Thursday, August 29th. Finally, Tudor Pickering & Holt reiterated a “hold” rating on shares of Canadian Natural Resources in a research note on Tuesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of C$45.29.

Canadian Natural Resources Company Profile

Canadian Natural Resources Limited explores for, develops, produces, and markets 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, and synthetic crude oil (SCO). Its midstream assets include two crude oil pipeline systems; and a 50% working interest in an 84-megawatt cogeneration plant at Primrose.

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