Trevor Wagil Sells 4,272 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Trevor Wagil sold 4,272 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of C$47.51, for a total transaction of C$202,966.99.

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock opened at C$49.61 on Wednesday. The business has a 50 day moving average of C$47.03 and a 200-day moving average of C$70.84. Canadian Natural Resources Limited has a 1 year low of C$40.02 and a 1 year high of C$56.49. The company has a market capitalization of C$105.67 billion, a P/E ratio of 14.11, a P/E/G ratio of 0.53 and a beta of 1.91. 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 (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.84 by C$0.04. The business had revenue of C$9.05 billion for the quarter, compared to analysts’ expectations of C$8.41 billion. Canadian Natural Resources had a return on equity of 19.65% and a net margin of 20.88%. On average, equities research analysts predict that Canadian Natural Resources Limited will post 3.6036866 earnings per share for the current year.

Canadian Natural Resources Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio (DPR) is currently 59.26%.

Analysts Set New Price Targets

Several analysts have weighed in on CNQ shares. ATB Capital boosted their price objective on Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a report on Tuesday. Desjardins raised Canadian Natural Resources from a “hold” rating to a “buy” rating and lifted their target price for the company from C$56.00 to C$59.00 in a research report on Tuesday. Royal Bank of Canada increased their price objective on Canadian Natural Resources from C$59.00 to C$62.00 and gave the company an “outperform” rating in a research report on Tuesday. Raymond James lifted their target price on Canadian Natural Resources from C$48.00 to C$51.00 and gave the stock a “market perform” rating in a report on Tuesday. Finally, BMO Capital Markets boosted their target price on Canadian Natural Resources from C$57.50 to C$60.00 and gave the stock an “outperform” rating in a research report on Tuesday. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$78.53.

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 light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen (thermal oil), and synthetic crude oil (SCO).