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

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

Canadian Natural Resources Price Performance

Shares of TSE CNQ opened at C$48.71 on Friday. The stock has a fifty day moving average price of C$47.44 and a 200 day moving average price of 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. The company has a market cap 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.

Canadian Natural Resources Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CNQ shares. 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 research note on Friday, November 1st. Desjardins upgraded Canadian Natural Resources from a “hold” rating to a “buy” rating and lifted their target price for the stock from C$56.00 to C$59.00 in a research report on Tuesday, October 8th. ATB Capital boosted their target price 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. National Bankshares raised their price target on 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. Finally, BMO Capital Markets lifted their price target on Canadian Natural Resources from C$57.50 to C$60.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 8th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target 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).