Insider Selling: Canadian Natural Resources Limited (TSE:CNQ) Senior Officer Sells C$1,355,779.75 in Stock

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) Senior Officer Scott Gerald Stauth sold 13,250 shares of the business’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of C$102.32, for a total transaction of C$1,355,779.75.

Canadian Natural Resources Stock Performance

Canadian Natural Resources stock opened at C$102.44 on Thursday. The firm’s 50 day simple moving average is C$90.11 and its 200-day simple moving average is C$88.58. The company has a market cap of C$109.61 billion, a P/E ratio of 13.71, a price-to-earnings-growth ratio of 0.53 and a beta of 1.98. The company has a debt-to-equity ratio of 31.01, a current ratio of 0.96 and a quick ratio of 0.54. Canadian Natural Resources Limited has a fifty-two week low of C$69.83 and a fifty-two week high of C$103.10.

Canadian Natural Resources (TSE:CNQ) (NYSE:CNQ) last announced its quarterly earnings data on Thursday, February 29th. The company reported C$2.34 EPS for the quarter, beating analysts’ consensus estimates of C$2.14 by C$0.20. Canadian Natural Resources had a net margin of 22.89% and a return on equity of 21.11%. The firm had revenue of C$9.55 billion for the quarter, compared to the consensus estimate of C$9.04 billion. As a group, equities research analysts predict that Canadian Natural Resources Limited will post 7.3588277 EPS for the current year.

Canadian Natural Resources Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be given a dividend of $1.05 per share. The ex-dividend date is Thursday, March 14th. This is an increase from Canadian Natural Resources’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 4.10%. Canadian Natural Resources’s payout ratio is presently 51.54%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CNQ. Evercore lifted their price objective on shares of Canadian Natural Resources from C$90.00 to C$105.00 and gave the stock an “in-line” rating in a research note on Friday, March 1st. Scotiabank lifted their price objective on shares of Canadian Natural Resources from C$90.00 to C$100.00 and gave the stock a “sector perform” rating in a research note on Friday, March 1st. BMO Capital Markets lifted their price objective on shares of Canadian Natural Resources from C$105.00 to C$110.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. JPMorgan Chase & Co. lifted their price objective on shares of Canadian Natural Resources from C$102.00 to C$106.00 in a research note on Monday, March 4th. Finally, Desjardins lowered their price objective on shares of Canadian Natural Resources from C$105.00 to C$97.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, Canadian Natural Resources presently has a consensus rating of “Moderate Buy” and an average price target of C$100.44.

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).