Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Dwayne Frederick Giggs Sells 2,000 Shares

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of C$48.70, for a total value of C$97,405.40.

Canadian Natural Resources Price Performance

Shares of TSE CNQ opened at C$48.71 on Friday. The business has a fifty day moving average price of C$47.44 and a two-hundred day moving average price of C$58.23. The stock has a market capitalization of C$103.75 billion, a PE ratio of 13.88, a P/E/G ratio of 0.53 and a beta of 1.89. 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 Limited has a fifty-two week low of C$40.02 and a fifty-two week high of C$56.49.

Canadian Natural Resources Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date is Friday, December 13th. Canadian Natural Resources’s dividend payout ratio (DPR) is presently 60.97%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Royal Bank of Canada upped their price objective on Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. ATB Capital raised their price target on Canadian Natural Resources from C$58.00 to C$60.00 and gave the company an “outperform” rating in a report on Tuesday, October 8th. Gerdes Energy Research upped their price objective on shares of Canadian Natural Resources from C$53.00 to C$55.00 in a report on Friday, November 1st. Desjardins upgraded shares of Canadian Natural Resources from a “hold” rating to a “buy” rating and raised their target price for the stock from C$56.00 to C$59.00 in a research note on Tuesday, October 8th. Finally, CIBC upped their price target on shares of Canadian Natural Resources from C$57.50 to C$59.00 in a research note on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Canadian Natural Resources has an average rating of “Hold” and an average target price of C$74.31.

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).