Stephen W. Laut Sells 6,400 Shares of Canadian Natural Resources Limited (TSE:CNQ) Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Director Stephen W. Laut sold 6,400 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of C$47.04, for a total transaction of C$301,056.00.

Canadian Natural Resources Stock Up 0.8 %

Shares of TSE:CNQ opened at C$48.71 on Monday. Canadian Natural Resources Limited has a 1 year low of C$40.02 and a 1 year high of C$56.49. The stock has a 50-day simple moving average of C$47.44 and a 200-day simple moving average of C$57.92. The company has a debt-to-equity ratio of 29.64, a quick ratio of 0.54 and a current ratio of 0.88. The stock has a market capitalization of C$103.75 billion, a P/E ratio of 13.88, a PEG ratio of 0.53 and a beta of 1.89.

Canadian Natural Resources Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources’s payout ratio is currently 60.97%.

Analysts Set New Price Targets

CNQ has been the subject of a number of recent research reports. Raymond James lifted their price target on shares of Canadian Natural Resources from C$50.00 to C$51.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. Royal Bank of Canada lifted their target price on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. ATB Capital increased their price target on Canadian Natural Resources from C$58.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. National Bankshares lifted their price objective on Canadian Natural Resources from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Tuesday, October 8th. Finally, BMO Capital Markets upped their target price on Canadian Natural Resources from C$57.50 to C$60.00 and gave the company an “outperform” rating in a research note on Tuesday, October 8th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$74.31.

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).