Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells 4,272 Shares of Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Trevor Wagil sold 4,272 shares of the company’s stock in a transaction that occurred on 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 Price Performance

CNQ stock opened at C$49.81 on Tuesday. Canadian Natural Resources Limited has a 1 year low of C$40.02 and a 1 year high of C$56.49. The firm has a market capitalization of C$106.10 billion, a P/E ratio of 14.19, 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. The business’s 50-day moving average is C$46.98 and its two-hundred day moving average is C$71.19.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.88 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.84 by C$0.04. The company 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%. Analysts anticipate that Canadian Natural Resources Limited will post 3.6036866 earnings per share for the current fiscal year.

Canadian Natural Resources Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 4.22%. The ex-dividend date of this dividend was Friday, September 13th. Canadian Natural Resources’s dividend payout ratio is currently 59.26%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CNQ shares. Wolfe Research raised Canadian Natural Resources to a “hold” rating in a report on Thursday, July 18th. National Bankshares lowered their target price on shares of Canadian Natural Resources from C$58.00 to C$52.00 in a report on Friday, September 27th. Gerdes Energy Research cut Canadian Natural Resources from a “buy” rating to a “neutral” rating in a report on Friday. Desjardins boosted their price objective on shares of Canadian Natural Resources from C$55.00 to C$56.00 and gave the company a “hold” rating in a research report on Friday, August 2nd. Finally, Raymond James dropped their price target on Canadian Natural Resources from C$97.00 to C$49.00 and set a “market perform” rating on the stock in a research report on Wednesday, June 12th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$85.81.

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).