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

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 Stock Performance

CNQ opened at C$48.71 on Friday. The company has a market capitalization of C$103.75 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 0.53 and a beta of 1.89. The business’s 50-day moving average price is C$47.44 and its two-hundred day moving average price is C$58.23. 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 debt-to-equity ratio of 29.64, a current ratio of 0.88 and a quick ratio of 0.54.

Canadian Natural Resources Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given 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 is presently 60.97%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. CIBC increased their price objective on Canadian Natural Resources from C$57.50 to C$59.00 in a research report on Wednesday, October 9th. Jefferies Financial Group boosted their price target on Canadian Natural Resources from C$49.00 to C$57.00 in a research note on Friday, October 11th. Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “buy” rating and increased their target price for the stock from C$56.00 to C$59.00 in a report on Tuesday, October 8th. Royal Bank of Canada raised their price target on shares of Canadian Natural Resources from C$62.00 to C$63.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, National Bankshares boosted their price target on shares of Canadian Natural Resources from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 8th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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).