Canadian Natural Resources Limited (CNQ) To Go Ex-Dividend on December 13th

Canadian Natural Resources Limited (TSE:CNQ) (NYSE:CNQ) announced a quarterly dividend on Friday, October 4th,Zacks Dividends reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.525 per share on Friday, January 3rd. This represents a $2.10 annualized dividend and a dividend yield of 4.61%. The ex-dividend date is Friday, December 13th.

Canadian Natural Resources Stock Performance

Shares of TSE:CNQ opened at C$45.55 on Wednesday. The company has a quick ratio of 0.54, a current ratio of 0.88 and a debt-to-equity ratio of 29.64. The company has a market capitalization of C$97.02 billion, a price-to-earnings ratio of 12.98, a price-to-earnings-growth ratio of 0.53 and a beta of 1.89. The firm has a 50 day moving average of C$47.90 and a 200 day moving average of C$53.82. Canadian Natural Resources has a 52 week low of C$40.02 and a 52 week high of C$56.49.

Insider Activity at Canadian Natural Resources

In related news, Senior Officer Dwayne Frederick Giggs sold 2,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of C$48.70, for a total transaction of C$97,405.40. Also, Senior Officer Trevor Wagil sold 4,272 shares of Canadian Natural Resources stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of C$47.51, for a total transaction of C$202,966.99. Over the last quarter, insiders sold 16,422 shares of company stock valued at $785,328. 4.26% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CNQ has been the subject of several analyst reports. Raymond James increased their price objective on Canadian Natural Resources from C$50.00 to C$51.00 and gave the company a “market perform” rating in a report on Friday, November 1st. National Bankshares boosted 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. TD Securities set a C$58.00 target price on shares of Canadian Natural Resources and gave the stock a “buy” rating in a research note on Tuesday, December 3rd. Jefferies Financial Group upped their price target on shares of Canadian Natural Resources from C$49.00 to C$57.00 in a research note on Friday, October 11th. Finally, BMO Capital Markets lifted their price objective on shares of Canadian Natural Resources from C$57.50 to C$60.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 8th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$72.06.

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).